Sales up 24.6% at €312.3M
Operating income up sharply at €9.8M
Dynamic order intake: +17.6% at end August 2016
The Board of Directors' meeting of MAISONS FRANCE CONFORT, held on 20 September 2016, has approved the accounts for the first half year of 2016. These consolidated accounts have been examined by their Statutory Auditors.
|Net group income||6.6||2.6|
|Net group margin||2.1%||1.1%|
Sound results in a consistently dynamic market
In the first half of 2016, the MAISONS FRANCE CONFORT group recorded marked growth of its activity with a turnover of €312.3 M, up by 24.6% over last year with 17.4% at constant perimeter.
This expected increase in production comes from:
- the increase in 2015 orders (+15.7 % in value),
- the inclusion of CAMIF HABITAT group/ILLICO TRAVAUX as of 1st October 2015
Operating income stood at €9.8M against €3.7M in June 2015, showing an operational margin of 3.2% against 1.5% in the first half of 2015. This increase in operational income integrates a steady net contribution margin at 16.5% and a controlled increase in fixed costs.
Net income shows strong signs of recovery and reached €6.6M against €2. 6M in the first half of 2015.
The FINANCIAL structure of the Group remains very solid. Group equity stood at €140.4M on 30 June 2016, cash flow at €87.3M and indebtedness at €39.2M. The cash position net of debts is hence largely positive and stands at €48.1M.
Excellent businesses activity and strong growth confirmed for 2016 and 2017
At end August 2016, the Group recorded 4,759 orders representing a turnover of €525.7M excl. tax, up 14.7% in number and 17.6% in value over last year.
At the end of June 2016, the increase in orders in value for the 12 previous months amounts to +16.3% in a changing market of 14.2% (Markemetron index) over the same period, showing the capacity of the Group to conquer new market share.
At 31 August 2016, Renovation order intake amounted to €29.5M.
Considering the level of ongoing building projects and order intake recorded over the previous months, MAISONS FRANCE CONFORT confirms a double-digit growth of production for the 2016 and 2017 financial years.
Considering the volume effect, operational profitability should markedly improve in 2016. To this volume effect is added a favorable gross margin in 2017, thus allowing for a gradual return to normalised profitability.
Moreover, the MAISONS FRANCE CONFORT Group is pursuing the diversification strategy, primarily with a renovation activity that, in the short term, should represent a sales of over €50M and the development of a bundled offer aimed at lessors.
Next Information meeting, on 21 September 2016 at 10 a.m., at Palais Brongniart, Place de la Bourse, 75002 Paris
Next press release: 3rd Quarter 2016 Sales, on 3 November 2016 after stock exchange closing.
ABOUT MAISONS FRANCE CONFORT:
Founded in 1919, MAISONS FRANCE CONFORT is the oldest builder of single-family homes in France and the largest builder of single-family homes on individual plots. Already leader in the house construction, MAISONS FRANCE CONFORT became in 2015 the French No. 1 in house renovation. The Group operates in the 12 metropolitan regions in France, with more than 375 sales offices.
Staff at 30 June 2016: 1,523 people.
MAISONS France CONFORT equities are eligible for PEA-PME equity savings plan.
MAISONS FRANCE CONFORT is listed on the Euronext Paris - Compartment B.
ISIN Number: FR 0004159473 - Index: CACÒ Small, CACÒ Mid & Small, CACÒ All-Tradable, CACÒ All-Share
|MAISONS FRANCE CONFORT
Chairman and Managing Director
Tel. +33 (0)2 33 80 66 61
Finance & Administration Manager
Tel. +33 (0)2 33 80 66 61
Tel. +33 (0)4 72 18 04 90
Marie Claude Triquet
Tel. +33 (0)4 72 18 04 93