Nine-month 2016 sales up 23.5% to EUR 441.3M
Order intake at the end of September rose 17.5%
Consolidated (€M) – non audited
2016
2015
Variation
Q1 Sales
145.7
119.2
+22.3%
Q2 Sales
166.6
131.4
+26.7%
Q3 Sales
129.0
106.7
+20.9%
TOTAL
441.3
357.3
+23.5%
Sharp increase in 3rd quarter 2016 Sales up +20.9%
Third quarter 2016 Sales of the MAISONS FRANCE CONFORT Group are in line with the trends announced and amount to €129M in growth of 20.9%, 15.1% at constant scope - excluding Camif Habitat and Illico Travaux activity, integrated as from 1st October 2015.
At 30 September 2016, the total Sales amounted to €441.3 million, up 23.5%. At constant scope,
the growth was + 16.7%.
Over the period, the renovation activity represents total sales of €31.2M.
Sales momentum continues with new orders up 17.5% at end-September
At end September 2016, order intake increased to 5,372 sales and €593.5M (excl. taxes) up 15.1% in number and 17.5% in value over last year. Third quarter 2016 Sales, despite a less favourable base effect, progressed 9.0% in number and 12.1% in value. October's Sales remained at a high level.
At 30 September 2016, order intake for renovation activity totalled €32.3M.
Strong growth and improved profitability ensured for the fiscal years 2016 and 2017
Taking into account the level of work in progress and the dynamism of order-taking over the past year, MAISONS FRANCE COMFORT confirms a double digit growth in its production for financial years 2016 and 2017.
In 2016, under the volume effect, operational profitability will improve considerably. To this volume effect is added a gross margin effect in 2017, thus opening the way to a gradual return to a sustainable operating margin.
Beyond the new areas for development that the Group has initiated (renovation, bundle offer for housing associations, land development), MAISONS FRANCE CONFORT will be pursuing a strong commercial dynamic with broader offering combined with new web tools and marketing to strengthen its leader position.
Next press release: 2016 Sales, on 7 February 2017 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 2016: 1,555 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 [email protected]
Jean-Christophe Godet
Finance & Administration Manager
Tel. +33 (0)2 33 80 66 61
Email [email protected]
ACTUS
Amalia Naveira
Analyst/Investor/Press relations
Tel. +33 (0)4 72 18 04 90
Email [email protected]
Marie Claude Triquet
Press relations
Tel. +33 (0)4 72 18 04 93
Email [email protected]
Regulated information
Quaterly financial disclosure:
- Third Quarter Information
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-46464-MFC-031116-CA-T3-16-GB.pdf
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Source: Actusnews