Earnings Release • May 15, 2012
Earnings Release
Open in ViewerOpens in native device viewer
| Consolidated (€M) – non audited | 31.03.2012 | 31.03.2011 | Variation |
|---|---|---|---|
| Turnover | 142.9 | 139.8 | +2.2% |
The 1st quarter 2012 turnover of Groupe MAISONS FRANCE CONFORT was €142.9 M, an increase of €3.1 M or +2.2%. At constant scope, the activity remained stable.
Despite a particularly rigorous winter (bad weather and extreme negative temperatures for several weeks), which weighed down production in February, first quarter activity remained strong.
The order book at the end of March 2012 reached 1,537 sales and represents a turnover of €154.2 M ex. tax, a reduction of 12.7% in number and 12.5% in value relative to 2011, for an average prices of €100.3 K ex. tax. After a February disturbed by the weather March recorded a rebound with 636 sales.
Globally demand remains well oriented with good visitor numbers for the Group's Internet sites and this despite a marked wait‐and‐see attitude among customers related to the elections and the macro‐economic environment.
Taking into account the activity recorded in the 1st quarter and the Group's visibility (17 month delay between contract signature by the client and delivery of the house), MAISONS FRANCE CONFORT is already assured of activity that will remain sustained in 2012, certainly with lower turnover, but which will permit good profitability to be maintained.
Strengthened by its leadership, MAISONS FRANCE CONFORT has solid fundamentals that allow it to resist less favourable market conditions:
The Group is also progressively putting in place new development levers:
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 presse release: 2nd quarter 2012 turnover, on 7 August 2012 after stock exchange
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 31 March 2012: 1,430 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
Patrick Vandromme Amalia Naveira Chairman and Managing Director Analyst/Investor/Press relations Tel. +33 (0)2 33 80 66 61 Tel. +33 (0)4 72 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 E‐mail [email protected] Email [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.