on Courtois S.A. (EPA:COUR)
COURTOIS SA: Third Quarter Revenue Update
Courtois SA has released its financial results for the third quarter of 2024. The company reported a significant increase in its parent company revenue, amounting to €302K, compared to €203K during the same period in 2023. This rise contributed to a cumulative total revenue of €729K by September 30, 2024, up from €603K the previous year.
However, the group's consolidated revenue decreased to €754K at the end of September 2024 from €1,170K in 2023. The decline is primarily due to the substantial drop in the Renovation of Buildings segment, which fell from €460K in Q3 2023 to just €8K in Q3 2024.
The Property Management segment saw a modest increase to €697K, while the Real Estate Development segment experienced a slight decline to €33K. Meanwhile, the company continues its strategic building rentals and sales initiatives across various locations to offset revenue drops.
R. E.
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