Dynamic business activity
Continued growth in 2018
|Consolidated (€M) – non audited||2017||2016||Variation
|TOTAL 9 MONTHS||535.6||441.3||+94.3||+21.4%|
Strong increase in Sales as at 30 September 2017: +21.4%
Third quarter 2017 sales of the MAISONS FRANCE CONFORT Group amount to €164.1M, up 27.2% over last year. At constant scope, third quarter growth stands at 14.7%.
Total sales as at 30 September 2017 amount to €535.6M, up 21.4%, i.e. +€94. 3M. At constant scope, growth stands at 14.4%.
This strong growth in production is the result of the dynamic sales performances gradually recorded from the beginning of 2016, a growing BtoC renovation activity and the integration, as of 1 March 2017, of the Groupe L'Atelier des Compagnons activity.
Over the period, the BtoB and BtoC Renovation activity represents total sales of €63.2M against €31.2M at 30 September 2016.
The commercial activity is buoyant at Group level
The home building activity, despite a challenging basis for comparison due to record sales in 2016 and an elections effect during the months of May and June 2017, remains dynamic. Order-intake at 30 September 2017 thus represents 5,651 sales for a turnover of €644.1M (before tax), up 5.2% in number and 8.5% in value compared to 2016.
Order-intake for the BtoC renovation activity (Camif, Illico Travaux and Rénovert) at 30 September 2017 stands at €36.1M, up 11.9% over 30 September 2016, validating the actions undertaken to accompany the growth of this segment of activity. The business activity of the Groupe L'Atelier des Compagnons stands at €44M for the first 9 months, in line with the objectives set for the year.
Improved profitability confirmed for 2017, continued growth in 2018
For fiscal year 2017, taking into account the level of work in progress, MAISONS France CONFORT confirms the double-digit growth of its production. The renovation activity should represent a turnover of about €100M.
Operating profitability, as announced, will show a marked improvement over 31 December 2016.
For 2018, regarding the commercial dynamic of the renovation activity and sales MADE in home construction since the beginning of 2017, MAISONS FRANCE CONFORT anticipates further growth in its activity.
The latest developments in zero interest rate loans
Article 40 of the Finance Bill for 2018 provides for the extension for four additional years of the zero interest rate policy, or until 31 December 2021.
The government has, moreover, announced that the new zero interest rate policy will finally be retained in zones B2 and C in 2018 and 2019 with a lower supported portion (amount that can be financed at a zero interest rate):
- Zones A, A bis et B1: 40% quota,
- Zones B2 et C: 20% quota,
Although this announcement is more favourable than that initially presented, MAISONS France CONFORT nevertheless remains attentive to the final vote on texts to be adopted at the end of the year.
This gradual reduction in support, anticipated by the Group, reinforces its diversification strategy that had been initiated over the last several years notably in the buoyant renovation sector.
Next press release: 2017 Sales, on 6 February 2018 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 all 12 regions in France, with more than 375 sales offices.
Staff at 30 September 2017: 1,864 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: CAC Small, CAC Mid & Small, CAC All-Tradable, CAC All-Share
MAISONS FRANCE CONFORT
Chairman and Managing Director
Tel +33 (0)2 33 80 66 61
Tel +33 (0)4 72 18 04 90
Finance & Administration Manager
Tel +33 (0)2 33 80 66 61
|Marie Claude Triquet
Tel +33 (0)4 72 18 04 93