(AOF) – Artea posts an operating loss of 659,000 euros in the first half of 2023 compared to an operating profit of 3.4 million euros in the first half of 2022. This drop is explained by the strong investment policy pursued by the group in its two new activities: Dream Energy and real estate services. It posted a net loss of 1.67 million euros against a net profit of 10.94 million euros. On the other hand, over this period, the group’s current cash flow amounted to 3.3 million euros, an increase of 27% compared to the first half of 2022.
Over this first half, Artea recorded a turnover of 47.57 million euros, an increase of 34% compared to 35.48 million euros a year before during the same period.
This growth to which Artea’s three businesses contributed (development, energy, recurring real estate activities), reflects the growing diversification of the group with a contribution from the development activity which only represents 75% of the turnover as of June 30, 2023. total business compared to 82% in 2022 and 91% in 2021.
Given the signings made in July (Bachasson G and Lesquin F), with the order book to date and ongoing negotiations, Artea remains optimistic about the business outlook in 2023 and 2024.
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