2021 Q1 revenue : Up +17.8% to €230.6 million

Excellent sales momentum

+17.8% increase in production during the first quarter of 2021 (+15.7% on a like-for-like basis)

For the first quarter of 2021, Hexaom posted revenue of €230.6 million, up 17.8% compared to the same period last year. This performance is all the more remarkable since it compares to production in the first quarter of 2020 which was already relatively high, despite being impacted during the last two weeks of March by government-imposed lockdown measures. Revenue was up for all of the group’s businesses during this period:

–       The Home Building business was up 11.4% to €179.2 million.

–       The Renovation business confirmed its renewed momentum with double-digit revenue growth for the third consecutive quarter, at €36.1 million (+24.9%).

–       Fulfilling their promise as new drivers of growth, the Real Estate Development and Land Development businesses grew by +73.3% and +182.2% respectively to €2.6 million and €12.7 million. Real Estate Development benefited from the first full quarter of consolidation of the Claimo Group, which was acquired at the end of last year. Excluding acquisitions, growth for the Real Estate Development and Land Development businesses would have been +97.5% and +63.5% respectively.

Strong sales momentum

Home Building

With the strong upswing in the number of leads since the second half of 2020, the Home Building business is heading in the right direction with an order backlog that is up 35.6% in value over the first three months of the year, representing revenue of €256 million (+30.3% in number of sales).

This excellent momentum is driven by:

–     Sustained sales performance in the first two months of the year, up compared with January and February 2020, which were already excellent months,

–     Remarkable sales in two respects in the month of March during which 820 new sales were signed:

·         An increase of +30% compared to the previous month (February 2021)

·         Double the number of sales compared to March 2020 (which was heavily impacted by lockdown measures during the last 15 days of the month)

Renovation

Order intake was up by 30.4% for B2C and 14.2% for B2B, in line with the group’s expectations and reflecting Rénovert’s buoyancy, Camif Habitat’s performance, and controlled growth for Atelier des Compagnons. The intermediated business Illico Travaux also performed well (+60%), boosted by the growing number of franchisees.

Real Estate and Land Development

Order intake for these businesses also continued to grow:

–     For Real Estate Development, there was a backlog of €92.6 million at the end of March 2021 (compared to €60.1 million at the end of December 2020)

–     For Land Development, the order backlog (reserved stock not yet signed) was €29.9 million in revenue (compared to €22.2 million at the end of December 2020)

These two businesses were not only boosted by the Claimo Group consolidation but also by the performance of the group’s other fast-growing brands, and all this despite administrative delays which still remain very long.

Annual revenue of close to €1 billion confirmed

Given the excellent performance of all the group’s businesses during the first quarter of this year and the sales momentum moving forward, Hexaom confirms that it expects to hit revenue of nearly €1 billion in 2021.