Aannemingsmaatschappij CFE NV

CFEB

Equity

ISIN BE0003883031 / Valor 3654454

Euronext - Euronext Brussels (2024-12-23)

EUR 5.85+0.69%

Aannemingsmaatschappij CFE NV
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About company

Aannemingsmaatschappij CFE NV is a multidisciplinary group that operates across four core business sectors: real estate, multitechnics, construction and renovation, and investments. The company has established itself as a significant player in these industries within Belgium, Luxembourg, and Poland, bringing together 15 leading entities under its umbrella. CFE NV focuses on urban development, smart technology and infrastructure, building and renovation projects, and strategic investments. Despite its commitment to societal and environmental challenges, this description will not delve into the company's efforts in decarbonization or social governance. The company is recognized for its commitment to sustainability and innovation, aiming to address the decisive challenges facing future generations through its business practices.

Summarized from source with an LLMView SourceSector: Industrials

Revenue Growth

Aannemingsmaatschappij CFE NV reported a 7% increase in revenue for the year 2023 compared to the previous year. This growth was achieved despite a challenging macroeconomic environment, showcasing the company's resilience and effective business strategies.

Net Income Decline

Despite the increase in revenue, Aannemingsmaatschappij CFE NV's net income for 2023 was lower than that of 2022. The decline was attributed to the negative impact of a few challenging projects and the complicated macroeconomic context.

Order Book Reduction

The company's order book decreased by 26% in 2023. This reduction was primarily due to the unsettled macroeconomic environment and a more selective approach in order intake under the company's risk management process.

Debt Level Increase

Aannemingsmaatschappij CFE NV's debt level increased last year due to the acquisition of the Kronos project, the largest real estate acquisition in the company's history. Excluding this project, the debt level would have decreased, and the debt ratio remains well below the historical average of recent years.

Future Outlook

Looking ahead, Aannemingsmaatschappij CFE NV expects a moderate contraction in turnover in 2024 but anticipates an improved operating margin compared to 2023. The company remains optimistic about its medium- and long-term outlook, particularly in the markets of renovation, energy performance improvements, and infrastructure development linked to the energy transition.

Summarized from source with an LLMView Source

Key figures

-23.9%1Y

-95.0%3Y

-94.0%5Y

Performance

23.3%1Y

150%3Y

119%5Y

Volatility