Sales figure for the first half of 2018 up 10.7% at €411.2M
Order book still solid in new houses and strong growth in renovation activity
Launch of a real estate development activity
Strong increase in sales for the first half of 2018: + €39.7M
2nd quarter 2018 business was sustained with sales of €221.1M, up 10.7% at constant scope.
In the first half of 2018, the MAISONS FRANCE CONFORT Group’s sales stand at €411.2M up 10.7% over last year. This healthy production level reflects the record commercial performances recorded during 2017.
At constant scope, first half growth stood at 8.9%.
Over the period, BtoC and BtoB Renovation activities represent a total turnover of €50.0M, including €29.8M in the 2nd quarter of 2018.
The Group gains market share in new construction and renovation is enjoying strong growth
After a record financial year 2017 in terms of booked orders in house construction and a 1st quarter 2018 heavily penalised by both:
– Highly unfavourable weather conditions
– and uncertainties linked to a reduction in interest free loans for new houses in the B2 and C areas,
2nd quarter 2018 sales activity confirms its recovery with +0.1% in value and -4.7% in number against the same period last year. The Group thus shows once again its ability to win market share within a more difficult context (market down -12% over the 2nd quarter according to the Markémétron index).
At end June 2018, the Group recorded 3,612 booked orders in the house construction activity representing a turnover of €427.9M (before tax), i.e. down 10.5% in number and 6.2% in value against 2017 that constituted a particularly high basis of comparison.
In renovation, the BtoC business activity (Camif, Illico Travaux and Rénovert) confirms its dynamism with €29.3M in sales, up 14.0% against 1st half 2017.
Order intake for the BtoB renovation activity has also maintained its strong growth standing at €33.2M against €17.2M at 30 June 2017, i.e. an increase of 93% over the 1st half 2018.
Launch of a real estate development activity with the creation of HIBANA
18 June last, the MAISONS FRANCE CONFORT Group announced the creation of the Ile-de-France based company HIBANA in collaboration with 3 real estate development professionals. The ambition of HIBANA is to produce houses for the most part intended for home ownership (first and second time buyers).
Within 5 years, the aim of HIBANA is to produce 50 houses per year, i.e. a turnover of some €100M yearly.
The launch of a real estate development activity is in perfect synch with the development plan of the MAISONS FRANCE CONFORT Group with a view to diversifying its activities in the area of new builds and renovation and to increase operational profitability in the long term.
Growth and continued good profitability expected in 2018
For 2018, with order book-backed strong visibility and taking into account the level of projects in progress, the MAISONS FRANCE CONFORT Group anticipates recording new organic growth in turnover with a good level of operating profitability.
The development of renovation activities (BtoB and BtoC), the launch of a real estate development activity made possible by the Group’s financial strength and finally a real capacity to acquire market share and develop new partnerships in house construction, means the MAISONS France CONFORT Group can be fully confident of its short and medium-term market plan.
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