Nexity reports sales of 4,273 ME in 2023, down 9% compared to 2022.

At the same time, operating income will come in at 246 ME (-33%), with net income almost divided by 10, dropping from 188 ME in 2022 to 19 ME in 2023.

The company has been heavily penalized by the deterioration in the real estate market and the historic slowdown in private residential and commercial investment.

For 2024, Nexity forecasts positive operating income marking a financial low point, taking into account capital gains on disposals, the costs of adjusting supply to the new market situation and costs linked to the Group's reorganization, enabling a rebound in 2025.

The company also expects 'net financial debt to be significantly lower than at the end of 2023'.


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