(Boursier.com) — Groupimo achieves stable activity in the 1st half of 2022. Its operating income is up compared to the 1st half of 2021. It stands at 5 kE (-1 kE a year earlier).
The result at June 30, 2021 took into account the exceptional outcome of a banking procedure with a positive impact of +646 kE after reversal of the accounting provision. Historically, the results emerge more clearly in the second half of each year.
In 2022, after taking into account a financial result of 69 kE and an exceptional result of 1 kE, the half-yearly net result comes out at 75 kE (644 kE last year).
Equity as of June 30, 2022 stood at €2.59m. Net cash stood at -33 kE.
Outlook and strategy
“The second half of 2022 should make it possible to continue to generate a correct profit, to release, as in recent years, a positive net result at the end of 2022 on the financial statements of the Holding”, estimates Groupimo which still indicates “La macro-economic situation with the war in Ukraine and inflation is causing concern about orders and quotes in progress. Supplies have in fact very significantly increased their prices for almost all sites, which is degrading margins, without that we cannot fully pass on to the end customer. We are therefore revising our supply conditions with direct orders from the producing countries by removing the intermediaries.
Regarding its strategy, Groupimo says it remains at the heart of an economic model of real estate services. “We are still positioning ourselves on each possible file for external growth”. The transaction activity being very buoyant, Groupimo is currently finalizing the marketing of large hotel residences which will impact the accounts until the next financial year. The rise in mortgage rates (with the wear and tear rate which is easily reached) could strain the transaction market. Many ambitious files are being studied with historical partners, but also with new project leaders, to continue our dynamic.
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