(AOF) – Hexaom announces growth of 8.4% in its turnover over nine months to 755.6 million euros. The specialist in house construction, renovation and home ownership in France confirms growth in its 2023 annual turnover (on a comparable scope of activities) of around 5 to 7% with operational profitability in improvement. In 2024, in a market that is “still difficult, particularly in the first quarter”, he forecasts a decline in production of around 25 to 30% “anticipated for several months”.
The group sees itself as “one of the players best positioned to ensure the takeover of projects from failing manufacturers and then increase its market share in a sector in concentration”. He says he is “armed to get through this market cycle and emerge once again strengthened in each of his businesses”.
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Double penalty for the sector
The French Building Federation (FFB) recently warned of the collapse of the new housing market. Over the first eight months of 2022, sales in the new home market in the diffuse sector collapsed by 26.8% year-on-year. As for sales of new homes in the grouped sector, sales to individuals fell by 17.3% year-on-year in the first half, while sales to institutions fell by 23%. The trend is the same for collective housing sales, down 9.8%.
These bad trends are accompanied by a decline in public investments, while PGE reimbursements begin. Due to a lack of visibility, local authorities prefer to put certain projects on hold. They also have to face a drop in their resources and a significant increase in energy and works costs. However, the largest investments are generally made during the third and fourth years of mandate of communities, that is to say in 2023 and 2024. This therefore represents a significant shortfall for the sector.