(AOF) – During a press briefing, Nexity management returned to the sale revealed at the end of December of its personal services activities to Bridgepoint. He specified that the net proceeds from this operation, estimated at around 400 million euros, would be allocated to its debt reduction, which is one of its priorities. Its completion is scheduled for the first half of 2024. The developer has indicated that it is still looking for strategic partners for its tertiary property management and distribution activities (marketing of new housing).
“At the end of February, when the 2023 results are published, you will see a slightly lower level of debt than on June 30, and we will then give elements of forecasts on the debt for 2024, indicated Pierre-Henry Pouchelon, secretary general in charge of finances. “The group has no liquidity issue,” he also insisted.
Asked about job reductions, Deputy Managing Director, Jean-Claude Bassien, stressed the need to adjust the group’s cost base in order to take into account the drop in residential real estate reservations. He explained that a plan to reduce overheads, with a target of around 30 million euros on an annual basis, had been put in place.
“We are not ruling out the possibility of a job protection plan for the current year. We will see how the final accounts for 2023 look and what projections will be retained for 2024,” said declared Jean-Claude Bassien. From these elements we will be in a position to decide while respecting of course the consultation procedures of the IRPs, he added, specifying that Nexity could “pronounce on its intentions” on the occasion of the publication of the results annuals.
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