on REALITES (EPA:ALREA)
REALITES accentuates its restructuring and opens a new cycle
The territorial development group REALITES has published its figures for the first half of 2024. The results show a notable deterioration due to the real estate crisis. Authentic instruments in France fell by 8.9%, from €174 million excluding tax in H1 2023 to €158 million excluding tax in H1 2024. Consolidated turnover also fell by 33% to stand at around 125 M€.
Despite this difficult context, net reservations for Project Owner France increased by 10.9%, reaching €224 million excluding tax in H1 2024. This increase signals the start of a new cycle, with real estate projects more suited to the walk.
To deal with the crisis and support this rebound, REALITES has announced several restructuring measures. This includes a Jobs Protection Plan, the cessation of impact investments, and the sale of assets.
R. P.
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