(Boursier.com) — ARTEA, a committed integrated player in sustainable real estate, renewable energies and services, today announces the publication of its turnover for the 2023 financial year.
The year was marked by the repayment of a 25 ME bond in December. “In the economic context of recent months marked by the lack of liquidity as well as the increase in interest rates, we are facing a crisis in the entire real estate sector and in particular in real estate. company. Pending a market recovery, we have adapted the scope of our promotion activity by reducing our developments and our investments. In the same way, we have reduced our overheads in order to approach the year 2024 by integrating new market conditions. Thus, in 2024 we are focusing particularly on the “turnkey” activity.
In 2023, ARTEA recorded a turnover of €111.1 million, up +42% compared to 2022. All of the group’s activities are growing.
The year was characterized by a continued diversification of sources of income with a contribution from the promotion activity which decreased to 75% (compared to 80% in 2022 and 89% in 2021) for the benefit of the two new pillars which are the Renewable Energy (9%) and Services (16%) activities are gaining momentum.
ARTEA carried out a bond issue amounting to €4 million to finance the development of its activities. This bond issue is amortizable over 60 months and bears interest at 8%.
ARTEA also announces that it has signed today a new VEFA with Sustainable Real Estate for 10.5 ME for an asset located in Aix-en Provence. This asset will be delivered during the first half of 2024.
Next meeting: 2023 annual results, April 30, 2024 (after market close).
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