On Friday evening, Hexaom reported net income from continuing operations up 40.9% to 33.4 million euros, and operating income before non-recurring items up 20.4% to 38.4 million for 2023, on sales up 6.3% to 1.02 billion.
"As anticipated, orders booked to the end of February 2024 reflect a market that remains difficult for all players in the sector (new housing reservations down by more than 40% in 2023)," says the homebuilder.
At the AGM on June 5, the Board of Directors will propose that no dividend be paid for 2023, in order to 'preserve the company's fundamentals and cash position, and to ensure that the efforts required of everyone are fairly distributed in the context of an unprecedented crisis'.
Hexaom expects its 2024 production to decline by 25 to 30% compared with 2023, but as a result of measures to adjust its cost structure, Hexaom expects to maintain operating profitability at between 3 and 4% of sales for the year.
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HEXAOM is France's No. 1 builder of individual homes in various areas (land purchased separately by the customer). Net sales break down by activity as follows:
- construction, renovation and sales of individual and collective housing (98.4%): notably under the national names of Maisons France Confort, Maisons Balency and Maisons de Manon and the regional names of Maisons de l'Avenir, OC Résidences, Maisons Berval, Maisons Horizon, Azur & Construction and Maisons Côte Atlantique. Moreover, the group offers small-plan sales operations (from 2 to 20 houses for which the transfer of ownership occurs gradually by accession as work advances);
- services (1.6%): moving, tele-surveillance, interior and exterior decorating, etc.
At the end of 2023, homes were being marketed through more than 500 commercial offices located in France.