UNITI Annual Results 2023

The company UNITI, a player in the affordable residential real estate sector, announces an increase in its financial results for the year 2023. Despite a context of real estate crisis, UNITI reports an increase of 6.7% in its turnover, reaching 160.7 million euros. Adjusted EBITDA amounted to 12.0 million euros, an increase of 2.6% compared to the previous year. This performance can be explained by good management of margins and expenses.

Despite unfavorable market conditions in 2023, marked by inflation in construction costs and an increase in interest rates, UNITI was able to stand out thanks to an optimized block sale model to private and public investors. .

On the financial side, the company is in solid health with available cash of 47.2 million euros and net financial debt of 66.1 million euros. The company's gearing remains at 2.1, illustrating prudent management during an expansion phase.

UNITI also highlights an increasing order book, with nearly 1,600 million euros planned over the next four years and covering around 8,700 homes. The firm continues to invest in the development of social diversity through its affordable housing projects.