During 2024, SRV's revenue and result will be affected by several factors in addition to general economic trends, such as: the margin of SRV’s order backlog and its development; the start-up of new contracts and development projects; geopolitical risks, including related direct and indirect effects, such as material costs and the availability of materials and labour; and changes in demand. Higher interest rates and the reduced availability of financing are having a negative impact on demand for housing and business premises among consumers and investors, and thus pose uncertainty with respect to the estimated start-ups of new projects.
In 2024, revenue will mainly consist of relatively low-margin – yet also low-risk – cooperative contracting and, to a lesser extent, of development projects sold to investors as well as housing construction competition and negotiation contracting. Developer-contracted housing production will account for only a small percentage of revenue, as no developer-contracted housing projects are scheduled for completion during the year.
- Full-year consolidated revenue for 2024 is expected to grow compared to 2023 (revenue in 2023: EUR 610.0 million).
- Operative operating profit is expected to improve on 2023 (operative operating profit in 2023: EUR 1.1 million).