Sales for the 1st quarter of 2024 totaled 942.8 million euros, up 3.7% on the previous year. On a like-for-like basis, sales were up +10.5%.

The decline in sales in real estate development and project management is mainly due to the phasing of projects, particularly Coppermaker Square. The Group expects the full-year contribution from this business to be in line with 2023.

At March 31, 2024, the Group's liquidity position stood at 13.0 billion euros, including 5.0 billion euros in cash. The Group's cash position decreased by E0.7bn compared with December 31, 2023.

The Group's net financial debt stood at E21.6bn at the end of March, in line with the December 2023 level at constant exchange rates.

The Group confirms its adjusted recurring earnings per share guidance for 2024 in the range of E9.65 to E9.80 per share.

Copyright (c) 2024 CercleFinance.com. All rights reserved.