(Boursier.com) — In a real estate market that remains heavily penalized by longer lead times and rising construction costs, AST Group achieves over the first 9 months of the year a turnover of 109 ME, down 10% compared to last year.
During the 3rd quarter of 2022, activity in Single-Family Homes nevertheless increased by 5% to reach 19.6 ME. Thus, the turnover over 9 months amounts to 75.3 ME, up 4% compared to 2021 despite extended supply times and persistent tension on subcontracting companies which are hampering the achievement of construction sites.
The Development & Housing Developments activity for its part stood at 10.4 ME (-61%), penalized by delays in programs and the marketing of longer operations. However, at the end of September 2022, the division totaled 394 compromises signed valued at 82.5 ME against 312 compromises last year which represented 56.4 ME, an increase of +26% in volume and +46% in value.
The Group proceeded in the last quarter to a further increase in its selling prices in order to improve its margins in 2023 by partially offsetting the increase in the price of materials as well as the cost of construction linked to the new regulations. thermal.
In a real estate market which hardened markedly during the 3rd quarter, order intake over the first 9 months of the year amounted to 1,592 units, down 15% compared to the same period last year. past. AST Groupe’s Single-Family Homes division (excluding dealers) recorded 1,003 orders over the first 9 months of the year (1,187 at the end of September 2021), thus posting a more measured drop of 15.5%. In value, these orders amounted to 122.9 ME, thus reducing the decline to 7% compared to last year.
Although market conditions are also weighing on Natilia sales, the strong demand for Natibox garden studios is enabling the Industrial Constructive Mode division to limit the fall in its order intake, which stood at 495 units at the end of September (compared to 616 last year). The new factory dedicated to the Group’s modular offer, operational since September 2022, will respond to the success encountered by the Natibox studios. As announced, the plant will be able to produce 5 modules per week from the end of the year and will ramp up in 2023 to eventually reach 25 modules per week.
AST Groupe is maintaining its CAP 300 ambition but is considering postponing it beyond 2025 given the exceptional economic situation and the lasting constraints weighing on activity.