sur BASSAC (EPA:BASS)
Bassac Half-Year Results for 2024
On July 25, 2024, Bassac revealed its financial results for the first half of the year. Consolidated turnover stood at 493 million euros, down 14% compared to 2023. Real estate development in France and abroad recorded respective declines of 12% and 10%.
Despite the decrease in turnover, reservations increased by 35%, reaching 950 million euros. The order book increased by 12%, amounting to 2,160 million euros, providing visibility for 20 months of activity.
The company's land portfolio amounts to 9,355 million euros, up 2% compared to December 2023. However, the net result decreases to 16 million euros, compared to 30 million euros in 2023.
In terms of outlook, the impact of high interest rates remains notable, but Bassac can count on a robust order book and a solid land portfolio.
R. E.
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