(AOF) – Hexaom revealed significantly improved 2023 results. The specialist in house construction and renovation posts a net profit of 32.6 million euros compared to a loss of 37.9 million euros in 2022. Current operating profit increased by 20.4% to 38 .4 million euros, representing a current operating margin of 3.7% compared to 3.3% in 2022. Revenue increased by 6.3% on a comparable basis to 1.024 billion euros. Cash flow net of debt reached 81 million euros compared to 42.2 million euros 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. Hexaom wishes to “preserve its fundamentals, its cash position but also to ensure a fair distribution of the efforts required of everyone in a context of unprecedented crisis.” Last year, the group also decided not to pay a dividend.
Taking into account the evolution of on-board shipment at the end of February, Hexaom anticipates a decrease in its 2024 production of around 25 to 30% compared to 2023. Measures to adjust the cost structure to market conditions already widely implemented are continuing and will have their full effect in the second half of 2024.
The group plans to maintain operational profitability, which would be between 3% and 4% of turnover for the year.
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