(AOF) – Les Constructeurs du Bois announced the success of its capital increase with maintenance of preferential subscription rights, for an amount of 1 million euros. “The group now has a strengthened financial structure which will enable it to support its strong growth and pursue its development strategy focused on green growth, in particular by rolling out the Eco’City model on a national scale” declared its CEO, François Duchaine.
“This operation also favored the widening of the free float with the prospect of an upcoming transfer of securities to Euronext Growth” added the manager.
At the end of the offer, the participation of CFD Capital, holding company of the Duchaine family, is reduced to 76.7% compared to 80.2% prior to the operation. Christophe Baudon, deputy director of the group, holds 11.9% of the capital and the public, 11.4%.
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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.