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  Communiqué de la société HEXAOM du 20/11/2023

  20/11/2023 - 17:40


Consolidated (€M)
3rd quarter 9 months
(January 1st - September 30th)
2023 2022 % change 2023 2022 % change
Revenue 203.6 196.7 +3.5% 755.6 697.1 +8.4%
Home Building 175.2 162.9 +7.6% 647.2 589.0 +9.9%
B2C Renovation 12.6 11.1 +13.4% 40.8 37.6 +8.5%
Land development 4.9 10.4 -52.9% 20.4 27.0 -24.4%
Real estate development 10.9 12.3 -11.5% 47.2 43.6 +8.4%

Production for the first 9 months: Up 8.4% to €755.6 million

Over nine months, Hexaom's group production brought in €755.6 million, representing organic growth of 8.4%. 

For the third quarter of 2023, Hexaom posted revenue of €203.6 million, up +3.5% compared to the same period last year. 

Revenue for the first nine months of the year can be broken down by business segment as follows: 

  • The Home Building business brought in revenue of €647.2 million, up 9.9% compared with the same period last year. Despite an expected drop in activity in the second half of 2023, production levels as of the end of September remain buoyant, showing robust performance with a +7.6% increase in revenue.
  • The B2C Renovation business is growing steadily, primarily due to the expansion of its sales network. Its revenue increased by +8.5% to €40.8 million.

Revenue from intermediated business, carried out via the franchise network, increased by +22.4% to €6.1 million. Revenue from the “general contractor” business increased by +6.4% to €34.6 million. 

  • The Land development business is performing according to the trends in the real estate market and the group's forecasts, with revenue of €20.4 million.
  • Finally, revenue from the Real Estate Development business reached €47.2 million, growing over the nine-month period even though there was an 11.5% drop in the third quarter. This decrease was due to a significant market slowdown and delays in some projects. 

Order intake at September 30th, 2023, in line with Group expectations

In the challenging real estate market characterized by persistent high inflation for more than two years, increasing interest rates, and stricter financing conditions, the Group Hexaom is prioritizing profit margins over sales volume. Additionally, the group is enhancing its business-to-consumer renovation segment to capitalize on this more buoyant market.

Home Building Business :

Order intake at September 30th, 2023 amounted to €436.8 million, down 39.9% in value and 44.6% in volume. They remain on the same trend as at June 30th, 2023 and are in line with the market. 

The significant increase in construction costs experienced in recent years is now showing signs of slowing down. In this context, the average selling price has remained steady for three months at €166k excluding tax.

B2C Renovation Business :

The B2C Renovation business benefits from a more favorable market, efforts to expand franchise networks, and the phased introduction of a general contractor “renovation/extension” offering across all the group's construction divisions. 

The general contractor business brought in €30.7 million over the period. Order intake for intermediated business stood at €74.7 million. 

Land and Real Estate Development Businesses :

The Real Estate Development business backlog, at September 30th, 2023, was €136.0 million and the total potential inventory to be delivered represented revenue of €398.9 million, or 1,819 housing units. The group remains vigilant about the reservation rate for its projects and the mix of bulk and retail sales. The group underlines that it does not have any high-risk land purchase agreements (regarding either the price or potential future sales), nor is it involved in projects with selling prices that deviate significantly from current market rates.

For the Land Development business, the order book (reserved inventory not yet signed) stands at €14.8 million, representing 198 lots, in line with group forecasts and trends in the home-building market.

Group Hexaom confirms its objectives

For 2023, the group confirms annual revenue growth (on a like-for-like basis) of between 5% and 7%, with improved operating profitability.

In 2024, in a still challenging market, especially in the first quarter, the group anticipates a decrease in production by 25 to 30% as projected several months earlier. An ambitious action plan is being rolled out, specifically targeting the adjustment of the cost structure to the market downturn, while aiming at preserving profit margins and effectively controlling working capital.

In the current market, Group Hexaom, as a leading player in home building, is well placed to acquire sites from defaulting builders. This positions Hexaom advantageously to expand its market share in a sector undergoing consolidation. 

The group will also benefit from the contribution of its diversified Real Estate Development, Land Development and Services businesses, and from an acceleration in the B2C Renovation business.

Considering these factors and its solid financial structure, the group is confident in its ability to navigate this market cycle and come out even more resilient in all its business lines.

Next press release: 2023 Q4 Revenue, February 7th, 2024, after market close.


Since 1919, five generations of the same family have successively taken over the helm of HEXAOM, a group that drives and federates an ecosystem of 46 brands and subsidiaries with complementary expertise. A unique story of family entrepreneurship characterized by its stability in a complex market sector. The group, leader in the home building, renovation, and first-time owners' markets in France currently serves more than 12,000 customers a year, has built more than 110,000 houses, has carried out over 85,000 renovations, employs more than 1 700 people, and recorded revenue of €964 million in 2022. 

HEXAOM is listed on Euronext Growth Paris.
HEXAOM equities are eligible for PEA-PME equity savings plan. ISIN code: FR 0004159473 -Mnemonic ALHEX 


Loic Vandromme
Chief Executive Officer - Tel: + 33 2 33 80 66 61

Jean-Christophe Godet Chief Financial Officer- Tel: + 33 2 33 80 66 61


Amalia Naveira - Analyst/Investor/Press Relations - Tel: + 33 6 31 35 99 50 




Gross order intake: a contract is recorded in the gross order intake as soon as it is signed by the customer and accepted by our sales administration department (administrative control of the documents and validity of the financing plan, site inspection, verification, and acceptance of the selling price). The amount recorded corresponds to the revenue excluding taxes to be generated by the contract. 

Backlog (real estate development): represents the group's already secured future revenue, expressed in euros, for its real estate development business. The backlog includes reservations for which notarial deeds of sale have not yet been signed and the portion of revenue remaining to be generated on units for which notarial deeds of sale have already been signed (portion remaining to be built). 

Order book (land development): represents recorded land orders that have not been canceled and for which notarial deeds of sale have not yet been signed. 

Production in progress: all orders for which the conditions precedent to begin work have been met (building permit and client financing obtained, client ownership of the land) and which have not been accepted by the client (delivered) 

Change in like-for-like revenue: changes in revenue for the periods under comparison, recalculated as follows: 

- in the event of an acquisition, revenue from the acquired company is deducted from the current period if it was not part of the group during the previous period, 

- in the event of a sale, the revenue of the divested company that is no longer part of the group during the current period is deducted from the comparison period. 

B2B (business to business): refers to transactions conducted between two companies. 

B2C (business to consumer): refers to transactions conducted between the company and consumers. 

Net contribution margin: corresponds to the difference between the revenue generated by contracts and the costs directly related to these contracts (construction costs, sales or broker commissions, taxes, insurance, etc.). 

Current operating income: intended to present the group's operating performance excluding the impact of non-recurring operations and events during the period. 

Cash position: includes cash on hand and demand deposits. 

Debt: includes all current and non-current financial liabilities except leases according to the restatement of IFRS 16. 

Net cash: cash position less debt. 

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  Original Source : HEXAOM