In the first quarter of the current financial year, Hexaom Group posted sales of 221.8 ME, down 13.2% (on a like-for-like basis) on the same period last year, which represented a high basis for comparison.

In detail, sales were down 14% in house building, -1.5% in renovation, -50% in land development and +11.4% in property development.

For fiscal 2024, Hexaom anticipates a decline in production of between 25% and 30% compared with 2023. The Group expects to maintain "satisfactory" operating profitability, at between 3% and 4% of annual sales.

Hexaom is confident in its ability to seize opportunities as they arise, and to bounce back as soon as market conditions become more favorable," adds the company.

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