MAISONS FRANCE CONFORT has acquired a 100% stake in the capital of MAISON EVOLUTION 77 SARL, with effect from 1st January 2008.
MAISON EVOLUTION 77, a builder of individual homes, has an established reputation in the Eastern Paris region where it has 4 sales agencies in Nemours, Montereau, Dammarie les Lys and Meaux.
With over a hundred houses sold in 2007, the performance of MAISON EVOLUTION 77 is perfectly in line with the acquisition criteria of the MAISONS FRANCE CONFORT Group.
In 2007, MAISON EVOLUTION 77 achieved earnings of ¤7,346k with operating income of ¤502K. On 31st December 2007, the balance sheet showed a net cash position of ¤517K and equity capital of ¤826K.
With this acquisition, MAISONS FRANCE CONFORT is pursuing the expansion of its national network. It also complies with the strategy implemented by the Group, designed to acquire small or medium-sized businesses in order to strengthen the regional structures already in place. The current directors of MAISON EVOLUTION 77, Mr Christian Bologna and Ms. Agnès Peneret will maintain their positions.
This new entity will be directly responsible to the subsidiary MAISONS BERVAL, headquartered in Meaux (77). With this organisation, synergies will be rapidly deployed:for the product offer, as the ranges offered by the two companies are perfectly complementary,
for profitability, by optimising purchasing and pooling structural costs.
This is the second high-quality takeover operation in 2008, and once again illustrates the MAISON FRANCE CONFORT Group's capacity to bring together the best-performing players in the field.
Next press release: 2nd quarter 2008 Sales, on 7 august, after stock exchange.
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 19 regions in France, with 240 sales offices and 40 model homes.
Staff size at 31 December 2007: 1,220 people.
Maisons France Confort is listed on the NYSE Euronext - Compartment B.
ISIN Code: FR 0004159473
Index: SBF 250, CAC Mid & Small 90
MAISONS FRANCE CONFORT:
Relations Analyst/Investor/Press relations
Tel.: +33 (0)472 18 04 90
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