(AOF) – Family industrial group specializing in eco-construction, wood energy and wood impregnation, Moulinvest has published a turnover of 100.8 million euros for the 2022/2023 financial year compared to 114.1 million euros in the previous year. Export turnover represents 10.7% of turnover. The Wood Construction activity (43% of the Group’s total turnover) saw its sales decrease by 26.2% under the combined effect of the drop in sales prices and a decline in volumes sold, after two years very strong post-pandemic growth.
If visibility is relatively limited in the short term, the group reaffirms its confidence in the medium and long term.
The medium-term turnover outlook is based on two parameters: increase in volumes and market prices. If recent investments in production capacity should benefit the increase in volumes, the sales prices currently trending downward will have a negative impact on turnover.
The group wishes to continue its policy of investment and modernization of industrial facilities carried out for several years, always with a view to improving productivity.
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Lack of visibility
The National Union of Quarry and Construction Materials Industries (Unicem) indicates that, after an initial decline in the second quarter, activity continues to deteriorate in the third quarter and records a decline as much in aggregates (-1.3 %) than on ready-mixed concrete (-0.9%). Over the first nine months of the year, the decline was 2% for the entire materials activity. Only tiles and bricks manage to show slight increases in activity.
The general outlook is deteriorating and recruitment difficulties and rising costs are the main sources of concern. Furthermore, Unicem highlights the difficulties in implementing the projects. Production of materials could decline this year by 3% for ready-mixed concrete (BPE) and 4% for aggregates.