Kaufman & Broad has reported net income (group share) of 45.5 million euros for the first nine months of its 2023 fiscal year, compared with 31.9 million for the same period in 2022, as well as a 0.8 point improvement in the operating income before non-recurring items (OIR) rate to 8%.

The real estate group's total sales amounted to 1.08 billion euros (excl. VAT) at August 31, compared with 885.8 million a year earlier. In addition, it boasts a total backlog of 2.7 billion euros, equivalent to around two years' activity.

The group confirms its outlook for the full year, i.e. net income, group share up by around 20%, an operating margin of around 8% and sales expected to grow by 6 to 10%.

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