(AOF) – Les Constructeurs du Bois (LCB) announced the increase in its 2025 turnover target during the presentation of its 2023 accounts. The wooden construction specialist revealed an increasing net result by 114.2% to 1 million euros. Ebitda rose sharply to 1.8 million euros (+105.3%), i.e. a margin of 12% compared to 0.8 million euros in 2022 (margin of 8.7%). “This performance takes into account the increase in turnover, the improvement in the production margin, and rigorous management of operational costs,” explains the company.
LCB achieved a consolidated turnover of 14.9 million euros, an increase of 36.9%.
“Having strong visibility until 2028 with solid files and renowned clients such as CDC Habitat, Vosgelis or Vivest, LCB displays all its confidence in its ability to continue its growth in 2024 and beyond,” underlines the group. Ahead of its 2022-2025 strategic plan, LCB announces an increase in its turnover objective from 30 to 35 million euros for the 2025 financial year.
AOF – LEARN MORE
Learn more about the BTP/Construction sector
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.