Mixed half-year results for Fiducial Real Estate

The Board of Directors of Fiducial Real Estate has approved the accounts for the first half of 2023/2024. Turnover reached €42.9 million, down slightly compared to €43.6 million last year. Current operating profit remains stable at €19 million.

Net financial debt amounts to €3 million, compared to €2.5 million previously, following the increase in interest rates. The group's share of net income was €15 million, compared to €15.4 million for the same half-year of the previous year.

The company has invested €10 million and has an order book of more than 20,000 m². Its financial structure is healthy, with shareholders' equity of €488 million and cash flow of €20.6 million.

Fiducial Real Estate anticipates an annual turnover of between €86 and €87 million, barring any deterioration in the real estate market.