The MAISONS FRANCE CONFORT Group announces the acquisition of all the capital of the CTMI S.A.R.L company with effect from 1st January 2008.
An individual house builder, CTMI is a recognised player in the Eastern region where it has three sales points in Strasbourg, Colmar and Mulhouse and trades under the Maisons Clio and Brand Maisons Individuelles brands.
With about fifty houses sold in 2007, CTMI posted performance completely matching the Maisons France Confort acquisition criteria. In 2006, CTMI achieved:
- Production of ¤5.867 Million,
- Operating profit of ¤490,000,
- A net profit of ¤324,000, or a net margin of 5.5%.
The balance sheet structure, at 31 December 2006, shows ¤660,000 net cash and ¤800,000 of equity.
This acquisition allows MAISONS FRANCE CONFORT to set foot in departments where it is not yet present, strengthening its territorial coverage. It is also part of the strategy the Group has introduced of acquiring small and medium companies that are a perfect fit with the existing regional structure. The current CTMI manager, Monsieur Alain GERARD (53) will retain his role as manager. This new unit will be attached to the Maisons Horizon subsidiary whose company headquarters is in Metz (Moselle).
The Bas-Rhin and Haut-Rhin departments in which CTMI has a presence represent nearly 3,600 individual houses in various sectors in 2007 (source Caron Marketing/Sisam).
This high quality first external growth item in 2008 once again demonstrates the capacity of the MAISONS FRANCE CONFORT group to bring together the best performing players in the sector.
Next press release: 2007 results, 25 March 2008 after stock exchange.
Next appointment: SFAF meeting, 26 March 2008.
About Maisons France Confort:
Founded in 1919, Maisons France Confort is the oldest builder of single-family homes in France and the second largest builder of single-family homes on individual plots. The Group operates in 20 regions in France, with 240 sales offices and 40 show homes.
Staff size at 31 December 2007: 1.220 people.
Maisons France Confort is listed on the EuronextTM Paris, Compartment B.ISIN Code: FR 0004159473
Index: SBF 250, CAC Mid & Small 90
|MAISONS FRANCE CONFORT:
Patrick Vandromme - Chairman and CEO
Tel: +33 (0)2 33 80 66 66
Jean-Christophe GODET - Administration Manager
Tel: +33 (0)2 33 80 66 66
Amalia Naveira - Analyst/Investor relations
Tel: +33 (0)4 72 18 04 90
Communiqués au titre de l'obligation d'information permanente : Activité de l'émetteur (acquisitions, cessions...)
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