Hexaom's profit dented by the cost of materials

The family group based in Alençon, Normandy, generated a net profit of 1,2 million euros, ten times less than a year earlier.

Its turnover, on the other hand, rose by 10% over one year, driven by construction, its core business.

The sharp erosion of its margin, due to the prices of building materials, was offset by the "record" sales activity in 2021, the year of the end of confinement where demand for houses with gardens exploded.

Although sales have since declined, with a declining order book, the growth of other activities (renovation for individuals, real estate development, land development) allows it to count on a turnover at the end of the year. exceeding, for the first time, one billion euros.

Only its renovation activity for companies, in particular via its subsidiary Atelier des Compagnons, posted sales down (-14,4% to 48,6 M EUR), because it "suffered a significant delay in production". It was already experiencing difficulties "due to too strong and poorly controlled growth", adds Hexaom.

The average sale price of houses has risen by 18% in one year, to 155.600 euros, due to the rise in the cost of materials and the entry into force, on January 1, 2022, of stricter environmental regulations on new construction.

From now on, the group automatically indexes its prices on the costs of materials, and therefore provides a margin "mechanically improving in the medium term".