Nexity : Q1 2024 down 14%, profitability to mark a low in 2024
>Q1 down 14% to € 770m, in line with our expectations - For Q1, the Nexity group reported revenues of € 770m, down 14% YoY, in line with our estimates (we were assuming revenues of € 676.1m excluding the property management business; on a restated basis, our revenues would stand at € 765.1m). By business, we retain: 1/ Residential property revenues of € 489m, down 15% (impact of the fall in reservations over the past 2 years). 2/ Commercial property revenues were down...Nexity in an integrated real estate group based in France. Co. operates in all areas of real estate development and services (residential real estate, commercial real estate, real estate services to individuals and real estate services to companies, distribution networks and client relations, major urban projects). Co. maintains a market presence across all industry cycles (short, medium and long). Co. serves three types of clients: individuals, companies and investors, and local authorities. Co.'s activities are conducted around four primary divisions: Residential real estate, Commercial real estate, Services and Distribution Networks, and Other activities.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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