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3rd quarter 2013 turnover



Sales for the first 9 months matching annual objectives

Sales activity resistant in a still difficult context




































Consolidated (€M) – non audited 30.09.2013 30.09.2012 Variation
Q1 Sales 125.4 142.9 -12.3%
Q2 Sales 141.0 154.4 -8.7%
Q3 Sales 114.0 117.4 -2.9%
9-month sales 380.4 414.7 -8.3%



Sales for the first 9 months in line with annual objectives


The Groupe MAISONS FRANCE CONFORT sales for the first 9 months of the 2013 financial year was €380.4M, a fall of 8.3%, and 11.8% for a constant perimeter.


This drop in activity following the fall in order intake in 2012 matches the stated forecasts for the whole year. The third quarter of 2013 at €114.0 M, a drop of 2.9%, benefits, like the second quarter of 2013 from an inflection in the trend and a more favourable base effect.


At the end of September 2013 the order book was 4,131 sales and represents a turnover of €445.0M ex tax., a fall of 11.4% in number and 4.5% in value.


After a first quarter of 2013 affected by the introduction of the new RT 2012 and by particularly unfavourable weather, the 2nd and 3rd quarters demonstrated good resistance in economic conditions that are still very difficult. So order intake for the 3rd quarter came out at a fall of 8.9% in number and 2.7% in value compared to the same period of last year.


To analyse sales activity it is necessary to note the very unfavourable basic effect related to a rise in sales in November 2012 due to customers anticipating the end of RT 2005 and the introduction of RT 2012.


The Group therefore anticipates a fall in the value of the 2013 order book of about 5%.


For the whole 2013 accounting period, taking completed production and current construction into account, Groupe MAISONS FRANCE CONFORT confirms its objective of achieving a turnover reduced by 7 to 9% with satisfactory profitability, an increase relative to the 1st half of 2013.


Solid fundamentals and more favourable trends expected in 2015


Strengthened by its leadership, MAISONS FRANCE CONFORT has solid fundamentals that allow it to resist less favourable market conditions.


Current order intake allows the Group to have good visibility for the next 9 months. Taking into account order intake extrapolated to the end of 2013, the Group Sales for 2014 could fall by 5% with constant cancellation rates (stable for two years). Production in 2014 will also be favourably affected by the increasing renovation activity and by any external growth operations.


In addition, the Group's financial solidity and a business model largely proven in the past permit MAISONS FRANCE CONFORT to prepare for short and medium term market changes with a land search service for its customers, property broker status to support then in their financing procedures, and the development of a grouped product range linked to communes or partners. So the Group is confident of its ability to return to growth in its activity and normal results from 2015 with market resurgence.


Next press release: 2013 Sales, on 5 February 2014 after stock exchange closing.


 


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 30 September 2013: 1,444 people.


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.comFinancial site: www.groupe-mfc.com






CONTACTS:

MAISONS FRANCE CONFORT


Patrick Vandromme

Chairman and Managing Director

Tel. +33 (0)2 33 80 66 61

Email [email protected]



Jean-Christophe Godet

Finance & Administration Manager

Tel. +33 (0)2 33 80 66 61

Email [email protected]


ACTUS

Amalia Naveira

Analyst/Investor/Press relations

Tel. +33 (0)4 72 18 04 90

Email [email protected]



Marie Claude Triquet

Press relations

Tel. +33 (0)4 72 18 04 93

Email [email protected]

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Maisons France Confort Stock

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The Maisons France Confort stock is trending slightly upwards today, with an increase of €0.20 (0.900%) compared to yesterday's price.

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