(CercleFinance.com) – Nexity publishes a turnover of €4,273 million in 2023, down 9% compared to 2022.
At the same time, operating profit stood at 246 ME (-33%) with a net profit almost divided by 10, going from 188 ME in 2022 to 19 ME in 2023.
The company was heavily penalized by the deterioration of the real estate market and the historic slowdown in private residential and tertiary investment.
For 2024, Nexity forecasts a positive operating result marking a financial low point, taking into account capital gains from disposals, the costs of adjusting the offer to the new market situation and the costs linked to the reorganization of the Group allowing a rebound in 2025.
The company also forecasts ‘net financial debt significantly lower than at the end of 2023’.
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