HERIGE SA (FR:ALHRG) has released an update.
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HERIGE SA faced a challenging market in the first half of 2024, with a significant decline in revenue and EBITDA due to a collapse in housing construction and a declining renovation market. Despite these conditions, the company improved its gross margin rate to 51% and strengthened its financial structure, reducing net financial debt and increasing equity. The company anticipates ongoing market difficulties but remains confident in its adaptive management strategies and the potential for medium-long term recovery due to housing shortages in France.
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