Moulinvest dropped 6% after announcing sales of 100.8 million euros for its 2022-23 financial year, down 11.6%, due in particular to a 26.2% decline in sales of its timber construction business (43% of the total).

This was penalized by a decline in the number of building permits and housing starts, coupled with a deteriorated economic environment combining widespread inflation and rising interest rates, and a tense global geopolitical context.

Although visibility is relatively limited in the short term, Moulinvest reaffirms its confidence in the medium and long term, believing that the use of wood should increase for new construction (RT 2020 standard) as well as renovation.

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