MAISONS FRANCE CONFORT : 2015 Sales at EUR 510M
Q4 up 13.2% at €152.7M
2015 Sales at €510M
2015 order intake at +15.7%:
Strong organic growth assured for 2016
|Consolidated (€M) - unaudited||2015||2014||Change|
2015 Sales at €510M, a fourth quarter marking the renewed growth
Groupe MAISONS FRANCE CONFORT sales for the 2015 financial year was €510M up 0.6%. At constant scope, activity fell 3.0%.
The decline recorded for the first two quarters was primarily due to the sharp drop in order intake observed over the second and third quarters of 2014 (-8.2% in value), which constitutes the start of construction in the first half 2015, combined with lengthier administrative deadlines (extremely lengthy bank file processing times, slowdown in the signing of deeds of client land, longer building permit processing times).
The 4th quarter at €152.7M, up by 13.2%, confirms the reversal in the trend already under way in the third quarter 2015 and benefits from the consolidation of Camif Habitat and its subsidiary Illico Travaux since 1st October 2015.
For the fiscal year, the Renovation activity represents a total turnover of 18M€.
Excellent business activity with the annual order intake at +15.7%
At the end of December 2015, order intake reached 6,405 sales and represents a turnover of €697.9M before tax, up from 15.7% in number and in value compared to last year. At constant scope; the variation is +14.8% in number and +15.0% in value.
The fourth quarter 2015 remained very dynamic with sales up 6.0% in number and 8.7% in value, despite a less favourable base effect as the months of November and December started off showing signs of recovery (for the record, respectively +9.8% and +11.1% in value). With an increase in sales of +12.7% in number, December 2015 suggests favourable trends for the current year.
Strong organic growth for 2016
For 2016, considering the level of current construction, order intake recorded during the last three quarters 2015 together with the dynamic of the Renovation business, the Group is expecting double-digit growth in production, thus allowing it to gradually return to its sustainable operating margin.
As far commercial activity is concerned, the Group believes it will continue to win market share in a sector that has become concentrated over the past few years, and benefit from the latest measured adopted by the government in view of broadening access to interest-free loans. Effective since 1st January 2016, this new interest-free loan, combined with continuously low interest rates, should have a positive impact thanks notably to the re-solvency of an important section of first-time buyers.
2016 will also be a year marked by the integration of Camif Habitat and Illico Travaux into the MAISONS France CONFORT Group with the creation of numerous synergies primarily commercial.
Next press release: 2015 results, on 23 March 2016 after stock exchange closing.
Next meeting: on 24 March 2016 at 10:00 a.m, Palais Brongniart, 28 Place de la Bourse, Paris 2
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. The Group operates in 20 regions in France, with 340 sales offices and 50 model homes.
Staff at 31 December 2015: 1,466 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
Commercial site: www.maisons-france-confort.com - Financial site: www.groupe-mfc.com
|CONTACTS:||MAISONS FRANCE CONFORT
Chairman and Managing Director
Tel. +33 (0)2 33 80 66 61
Finance & Administration Manager
Tel. +33 (0)2 33 80 66 61
Tel. +33 (0)4 72 18 04 90
Marie Claude Triquet
Tel. +33 (0)4 72 18 04 93
Communiqués au titre de l'obligation d'information permanente :
- Communiqué sur comptes, résultats, chiffres d'affaires
Full and original press release in PDF: