Earnings Release • Aug 9, 2012
Earnings Release
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| Consolidated (€M) – non audited | 30.06.2012 | 30.06.2011 | Variation |
|---|---|---|---|
| Q1 Sales | 142.9 | 139.8 | +2.2% |
| Q2 Sales | 154.3 | 167.7 | -9.2% |
| st half year cumulative Sales 1 |
297.2 | 307.5 | -3.3% |
The 2012 1st half Sales of Groupe MAISONS FRANCE CONFORT was €297.2 M, a reduction of 3.3%. For a constant perimeter activity was reduced by -4.3%.
This expected variation in production follows the drop in order intake recorded in 2011 (notably in the second half). Nevertheless 2012 remains sustained and ensures that the Group will maintain a good level of profitability.
The order book at the end of June 2012 reached 3,034 sales and represents a turnover of €306 M ex. tax, a reduction of 18.3% in number and 18.0% in value compared to 2011, for an average price of €101 K ex. tax. This change in sales, in line with the Group's expectations, is explained by:
Despite this context the volume of contacts and the footfall in sales agencies remains at high levels.
In this environment, MAISONS FRANCE CONFORT remains one of the best positioned players to take full profit from the inevitable concentration in its sector and so win new market share.
After acquiring 39% of the capital of Rénovert in June 2010, MAISONS FRANCE CONFORT has just reinforced its share and will now hold 100% of the capital of this company.
This decision has the objective of developing a "renovation" product within the Group MAISONS FRANCE CONFORT to include both thermal renovation and all general renovation services. This product, which is a real growth relay will be done progressively across the country.
Furthermore, the Group remains attentive to any quality external growth that could reinforce its territorial coverage.
Strengthened by its leadership, MAISONS FRANCE CONFORT has solid fundamentals that allow it to resist less favourable market conditions:
New relays and growth themes:
This solidity and a business model largely proven in the past permit MAISONS FRANCE CONFORT to continue to gain market share, seize the growth opportunities that will present themselves and prepare for medium term market developments.
Next press release: 1st half year 2012 results, on 17 September 2012 after stock exchange. Next meeting: on 18 September 2012 10:00 am - Hôtel Lotti, 7 rue de Castiglione, Paris 1.
Founded in 1919, MAISONS FRANCE CONFORT is the oldest builder of single-family homes in France and one of the first two 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 size at 30 June 2012: 1,433 people.
MAISONS FRANCE CONFORT is listed on the Euronext Paris - Compartment C. ISIN Code: 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 ACTUS Patrick Vandromme Amalia Naveira Chairman and Managing Director Analyst/Investor/Press relations Tel. +33 (0)2 33 80 66 61 Tel. +33 (0)4 42 18 04 90 Email [email protected] E-mail [email protected]
Jean-Christophe Godet Marie Claude Triquet Finance & Administration Manager Presse relations Tel. +33 (0)2 33 80 66 61 Tel. +33 (0)4 72 18 04 93 Email [email protected] Email [email protected]
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