(Boursier.com) — For Hexaomturnover for the financial year increased by 6.3% on a comparable basis and amounted to €1,024.3 million.
In an environment marked by strong and continuous inflation in construction costs for 2 years, the company is once again demonstrating the relevance of its economic model and its ability to reliably understand its margins at completion.
Current operating profit thus increased by 20.4% to €38.4 million, representing a current operating margin of 3.7% compared to 3.3% in 2022.
Net income from continuing activities stood at €33.4 million, up 40.9% compared to last year and representing 3.3% of turnover vs. 2.5% in 2022.
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The Group’s financial structure, already very healthy, is strengthening. Cash flow net of debt reached 81 ME compared to 42.2 ME at the end of 2022.
The Board of Directors will propose to the Annual General Meeting to be held on June 5 not to pay a dividend for the 2023 financial year.
Taking into account the evolution of onboard shipments at the end of February, Hexaom anticipates a decrease in its 2024 production of around 25 to 30% compared to 2023.
The measures to adjust the cost structure to market conditions already widely implemented are continuing and will take full effect in the second half of 2024.
The group should thus maintain satisfactory operational profitability which would be between 3% and 4% of turnover for the financial year.
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