9-month sales up by 9.6% to €581.9M
Good resilience in a more difficult environment
2018 production growth confirmed
Consolidated (€M) – non audited |
2018 |
2017* |
Variationin €M |
Variationin % |
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% |
TOTAL 9 MONTHS |
581.9 |
531.1 |
+50.8 |
+9.6% |
* Restated under the IFRS15 accounting standard
Sales for the first nine months of 2018 in line with annual targets
At September 30th 2018, the MAISONS FRANCE CONFORT Group sales stood at €581.9M, up by 9.6% compared to last year. This level of production reflects, amongst other things, the sale performances recorded throughout 2017.
At constant scope, growth is up by 8.3%.
Over the period, the BtoC and BtoB renovation activities represented total sales of €75.5M, up by 19.5%.
Good resilience of the commercial activity in a more difficult environment
The home building activity shows good resilience in a more difficult environment with a market down by 12% over the last twelve months (Source Markémétron). In spite of this, the MAISONS FRANCE CONFORT Group’s year-to-date order backlog remains at a good level. At the end of September 2018, it represents 5,111 sales, i.e. a turnover of €605.7M (excl. of taxes) down by 9.6% in number of sales and by 6.0% in value compared to 2017. After a reduction in orders during the 1st quarter of 2018 compared last year and a near equal from May to August, September sales dropped by 14.7% in value.
After two record years, the trend for the end of 2018 and for 2019 appears to confirm a market slowdown with volumes that should return to 2015/2016 levels. However, these orders allow the Group to sustain a good level of profitability.
Despite a third quarter decline in the B2C renovation activity, the Group’s renovation sector is growing with year-to-date orders reaching €110.7M at end of September 2018.
The BtoC activity represents €37.7M up by 4.3% compared to September 30th, 2017. The BtoB renovation activity is up by 69.3% to €73.0M.
2018 targets confirmed: growth and sustained good resilience
For 2018, the MAISONS FRANCE CONFORT Group confirms it should record new organic growth in turnover with a good level of operating profitability.
For 2019, the Group maintains good visibility, 2018 orders generating the 2019 production.
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 to be fully confident in its medium term business plan.
A lire également
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
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
2022 revenue up +6.9% to €1,065.3 million : Business remains resilient despite market challenges – B2B renovation business will impact 2022 results – Order intake offers promising Outlook for 2023