Equans reduces losses to £39m after new build homes exit

Equans Regeneration continues to battle with heavy losses after deciding last October to exit the new build housing market.
The contractor, bought by French construction giant Bouygues in 2022, now concentrates new build activity solely on student accommodation while ramping up efforts in energy retrofits and housing refurb markets.
Despite the strategic shift, continued costs from closing out new build jobs continue to dog Equans which has just posted a pre-tax loss of £39m for 2023, impr