2018 sales up 6% at EUR 804.2M

Financial press release

2018 sales up 6% at EUR 804.2M

Financial press release

05 February 2019

2018 sales up 6% at EUR 804.2M
Strong resilience in a more difficult environment
Order intake up over the last quarter


Consolidated (€M) – non audited
in €M
in %
Q1 Sales 190.1 170.3 +19.8 +11.6%
Q2 Sales 220.6 197.9 +22.7 +11.5%
Q3 Sales 171.2 162.9 +8.3 +5.1%
Q4 Sales 222.3 227.4 -5.1 -2.2%

* Restated under the IFRS15 accounting standard


Sales for the 4th quarter of 2018

The MAISONS FRANCE CONFORT Group confirms a sustained level of activity for 2018, with total sales of €804.2M, up 6% over 2017. At constant scope, growth stands at 5.2% notably reflecting the record order intake of 2017.

The B2C and B2B renovation activities for 2018 thus represent total sales of €109M, up 16%.

The Group’s 4th quarter 2018 activity stands at €222.3M with a slight drop of 2.2%, as expected, primarily due to gradually longer construction lead times. This phenomenon was particularly intensified during the 4th quarter of 2018 in a number of geographical areas affected by the large-scale nationwide social movements of the past several months. B2C and B2B renovation activities, over the last quarter of 2018, represents a total turnover of €33.8M, up 8.8%.

A commercial activity that outperformed the market within a more difficult environment

Within the context of an 11.3% market decline over the last twelve months (Source Markémétron), impacted by a general downturn in support for first-time buyers, the Group’s house construction business showed its strong resilience. The Group’s year-to-date order backlog, at end December 2018, represents 7,157 sales, i.e. a turnover of €847.9M (excl. of taxes), down only 7.1% in number and 3.6% in value compared to 2017. After a reduction in year-to-date order intake over the first 9 months of 2018 compared with 2017, the 4th quarter showed signs of a recovery in terms of sales up 2.7% in value.

The B2C renovation activity’s year-to-date order intake reached €49.6M end 2018, up 8.7%, confirming a better over the last quarter up 25.5%.

Order intake growth for the B2B renovation activity remained constant reaching €106.6M, up 108.6% for the year.

Maintain good operating profitability in 2018

For financial year 2018, the MAISONS FRANCE CONFORT Group confirms a good level of operating profitability primarily in the single-family homes activity driven by a strong commercial performance. The results of the renovation business saw further improvement in the second half of 2018, still within a context of strengthening the organisation.

2018 order intake for the most part will constitute the 2019 production. Benefiting from a less tense housing market in 2019, the MAISONS FRANCE CONFORT Group will be implementing actions aiming to significantly reduce construction lead times.

The Group strategy that has consisted over the last few years in becoming a housing generalist by developing related activities (Services, Renovation, Land development, Real estate development) and its real ability to acquire market shares allow the MAISONS FRANCE CONFORT Group, celebrating its 100th anniversary in 2019, to be fully confident in its medium-term business plan.

A lire également

Financial press release

03 August 2023

2023 half-year revenue : up +6.7% to €586.1 Million, on track to reach targets – Order intake for the first half of 2023 – Outlook for 2023 – A strong foundation to cope with the dip in the market

Financial press release

03 May 2023

2023 Q1 revenue: up 6.9% to €278.6 million, on track to reach annual group objectives – First-quarter production on track to reach 2023 objectives – Order intake for the first quarter of 2023 – Outlook for 2023

Financial press release

22 March 2023

Strong performance from home building, real estate and land development, and B2C renovation segments – Significant loss from the B2B renovation segment has impacted consolidated results – Good visibility for 2023 boosted by high order intake