The Nexity real estate group reported a 14% drop in sales to 770 million euros for the first three months of 2024, including declines of 15% for development activities and 9% for services.

In a housing market still marked by a significant decline in reservations, estimated at -31% for retail sales, it recorded 2,005 reservations over the period, down 29% (-22% in value).005 reservations over the period, down 29% (-22% in value).

With a plan to reduce operating expenses by 95 million euros, Nexity confirms its outlook for 2024, including 'positive operating income marking a financial low point'.

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