HEXAOM Reports Resilient 2024 Half-Year Earnings Amidst Market Challenges

HEXAOM's financial results for the first half of 2024 showed a strong performance amidst an unprecedented market crisis. The company reported revenue of €417.0 million, reflecting a 24.5% decline compared to the same period in 2023. Despite this, current operating income stood at €14.2 million, with a margin of 3.4%.

Hexaom's net income for the period was €10.0 million, representing 2.4% of revenue. This decline was managed effectively through structural adaptation measures initiated in 2022, demonstrating the company’s ability to navigate adverse market conditions.

The group's financial structure remains robust, with net cash amounting to €86.5 million at the end of June 2024. Despite a significant drop in production, the home building segment maintained a stable margin of 3.5% due to cost structure adjustments and efficient management practices.

For the rest of 2024, Hexaom foresees sustained operating profitability with a projected margin of 3-4%, supported by continued cost management and market adaptation strategies. The group's diversification in the renovation market also remains a key focus, aiming for 300 renovation franchisees by the end of the year.

While the property market shows slight improvement, Hexaom continues to implement measures to adapt to the challenging environment, preserving its profitability and preparing to capitalize on future opportunities.