MAISONS FRANCE CONFORT : 2017 Sales rose sharply: + 24.2%
New record of commercial activity
Continued growth in 2018
Consolidated (€M) – non audited
2017
2016
Variation
in €M
Variation
in %
Q1 Sales
171.8
145.7
+26.1
+17.9%
Q2 Sales
199.7
166.6
+33.1
+19.9%
Q3 Sales
164.1
129.0
+35.1
+27.2%
Q4 Sales
228.6
173.9
+54.7
+31.5%
TOTAL 12 MONTHS
764.2
615.2
+149.0
+24.2%
Q4 Sales up sharply: + 31.5%
In the 4th quarter 2017, the MAISONS FRANCE CONFORT Group registered a record turnover of €228.6M, up 31.5%. At constant scope, the quarter's growth stands at 21. 7%.
On 31 December 2017, total Sales amounted to €764.2M, up 24.2%, i.e: + €149M. At constant scope, growth reached 16.4%.
This strong growth in production resulted from the good sales performances recorded gradually from the beginning of 2016, a BtoC growth-oriented renovation activity and the integration, from 1 March 2017, of Groupe L'Atelier des Compagnons activities.
For the year, the BtoB and BtoC renovation activity thus accounts for a total turnover of 96.0 M€ against 40.0 M€ in 2016.
Nouveau record de l'activité commerciale
Order-intake at 31 December 2017 shows an increase despite:
a very demanding basis for comparison due to record 2016 sales.
an elections effect during May and June 2017,
and an end of year marked by a construction market slowdown linked to new government measures focusing primarily on interest-free loans.
At the end of 2017, the construction activity's gross order-intake stands at 7,706 sales, i.e. an all-time high, for a turnover excluding tax of €879.8M, up 0.9% in volume and 4.0% in value over 2016.
Order-intake of the BtoC renovation activity stood at €45.6M at 31 December 2017, up 5.1% over 2016, and the BtoB activity of L'Atelier des Compagnons posted excellent performances.
Improved profitability confirmed for 2017 and Sales growth in 2018
For 2017 as a whole, under the volume effect, MAISONS FRANCE CONFORT confirmed a marked improvement in its operating profitability over 31 December 2016.
For 2018, in the light of the renovation activity's good performances and the higher level of sales recorded in house construction, MAISONS FRANCE CONFORT anticipates new growth in turnover with good operating profitability.
From the commercial standpoint, MAISONS FRANCE CONFORT considers that the reduction in “new build” interest-free loans, the quota of which was lowered to 20% in the B2 and C areas from 1 January 2018, should affect the overall market.
Leveraging its leader position, the Group nevertheless considers that it has the ability to increase its market share and offers its clients solutions in view of offsetting the decline in public support.
In the renovation area, growth prospects are excellent and confirms the strategic choices adopted by MAISONS FRANCE CONFORT the past few years to develop in this buoyant sector. By 2020, this activity should represent a turnover of over 150 M€.
Next press release: 2017 Results, on 21 March 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 31 December 2017: 1,880 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
Commercial site: www.maisons-france-confort.com – Financial site: www.groupe-mfc.com
CONTACTS:
MAISONS FRANCE CONFORT
Patrick Vandromme
Chairman and Managing Director
Tel +33 (0)2 33 80 66 61
Email pvandromme@maisonfc.fr
ACTUS
Amalia Naveira
Analyst/Investor/Press relations
Tel +33 (0)4 72 18 04 90
Email anaveira@actus.fr
Jean-Christophe Godet
Finance & Administration Manager
Tel +33 (0)2 33 80 66 61
Email finances@maisonfc.fr
Marie Claude Triquet
Press relations
Tel +33 (0)4 72 18 04 93
Email mctriquet@actus.fr
GLOSSARY:
Gross order intake: a contract is recorded in gross order intakes on signature by the client and acceptance by our sales administration departments (control of accounting documents and validity of the project's financing plan, return of the field survey, verification and acceptance of the selling price). The amount recorded corresponds to the pre-tax turnover generated on this contract
Evolution of sales at constant scope: evolution of sales of periods to be compared, recalculated as follows:
In the event of acquisition, the turnover of the acquired company that has no correspondence in the comparison period is deducted from the current period,
In the event of transfer, the turnover of the transferred company that has no correspondence in the current period is deducted from the comparison period
B2B (business to business): refers to transactions conducted between two companies.
B2C (business to consumer): refers to transactions that take place between the company and consumers.
Regulated information
News releases under ongoing reporting obligations:
- Information on annual revenues
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-52036-mfc-060217-ca-t4-17-gb.pdf
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Source: Actusnews