HEXAOM (ex MFC) : HEXAOM - Q1 REVENUE: UP +17.8% TO EUR 230.6 MILLION

HEXAOM (ex MFC) : HEXAOM - Q1 REVENUE: UP +17.8% TO EUR 230.6 MILLION

EXCELLENT SALES MOMENTUM

+17.8% increase in production during the first quarter of 2021 (+15.7% on a like-for-like basis)

For the first quarter of 2021, Hexaom posted revenue of €230.6 million, up 17.8% compared to the same period last year. This performance is all the more remarkable since it compares to production in the first quarter of 2020 which was already relatively high, despite being impacted during the last two weeks of March by government-imposed lockdown measures. Revenue was up for all of the group's businesses during this period:

Strong sales momentum

Home Building

With the strong upswing in the number of leads since the second half of 2020, the Home Building business is heading in the right direction with an order backlog that is up 35.6% in value over the first three months of the year, representing revenue of €256 million (+30.3% in number of sales).

This excellent momentum is driven by:

Renovation

Order intake was up by 30.4% for B2C and 14.2% for B2B, in line with the group's expectations and reflecting Rénovert's buoyancy, Camif Habitat's performance, and controlled growth for Atelier des Compagnons. The intermediated business Illico Travaux also performed well (+60%), boosted by the growing number of franchisees.

Real Estate and Land Development

Order intake for these businesses also continued to grow:

These two businesses were not only boosted by the Claimo Group consolidation but also by the performance of the group's other fast-growing brands, and all this despite administrative delays which still remain very long.

Annual revenue of close to €1 billion confirmed

Given the excellent performance of all the group's businesses during the first quarter of this year and the sales momentum moving forward, Hexaom confirms that it expects to hit revenue of nearly €1 billion in 2021.

Next press release: 2021 Q2 Revenue, August 5th, 2021, after market close.

ABOUT THE GROUP

Since 1919, five generations of the same family have successively taken over the helm of Hexaom, a group that drives and federates an ecosystem of 49 brands and subsidiaries with complementary expertise. A unique story of family entrepreneurship characterized by its stability in a complex market sector.
The group, leader in the home building, renovation, and first-time owners' markets in France currently serves more than 10,000 customers a year, has built more than 100,000, has carried out over 75,000 renovations, employs more than 2,100 people, and recorded revenue of €881.8 million in 2020.
HEXAOM equities are eligible for PEA-PME equity savings plan.
HEXAOM is listed on Euronext Paris - Compartment B.
ISIN code: FR 0004159473 - Indices: CAC® Small, CAC® Mid & Small, CAC® All-Tradable, CAC® All-Share

GLOSSARY:

Gross order intake: a contract is recorded in the gross order intake as soon as it is signed by the customer and accepted by our sales administration department (administrative control of the documents and validity of the financing plan, site inspection, verification and acceptance of the selling price). The amount recorded corresponds to the revenue excluding taxes to be generated by the contract.

Backlog (real estate development): represents the group's already secured future revenue, expressed in euros, for its real estate development business. The backlog includes reservations for which notarial deeds of sale have not yet been signed and the portion of revenue remaining to be generated on units for which notarial deeds of sale have already been signed (portion remaining to be built).

Order book (land development): represents recorded land orders that have not been canceled and for which notarial deeds of sale have not yet been signed.

Production in progress: all orders for which the conditions precedent to begin work have been met (building permit and client financing obtained, client ownership of the land) and which have not been accepted by the client (delivered)

Change in like-for-like revenue: changes in revenue for the periods under comparison, recalculated as follows:

B2B (business to business): refers to transactions conducted between two companies.

B2C (business to consumer): refers to transactions conducted between the company and consumers.

Net contribution margin: corresponds to the difference between the revenue generated by contracts and the costs directly related to these contracts (construction costs, sales or broker commissions, taxes, insurance, etc.).

Cash position: includes cash on hand and demand deposits.

Debt: includes all current and non-current financial liabilities except leases according to the restatement of IFRS 16.

Net cash: cash position less debt

Source Actusnews