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Hexaom, one of the construction giants in France, had one of its best results in the first half of 2022. The numbers even surpass those of 2021 which was already an exceptional year for the company. But this success has an explanation: its prices have risen by more than 16% in one year.
The economic context generates serious difficulties for construction companies, which are facing rising prices. The losses incurred by leading groups such as Geoxia prove this. However, one company stands out with positive, even unprecedented, results in the first half of 2022. That is Hexaom, which saw its turnover increase dramatically during the first six months of the year. However, this growth masks another fact as the company had to revise its rates to get it. The adopted policy seems to have worked, but it does not protect this actor from the risks faced by persistent inflation.
What is the rate for your project?
Orders down since June
The current economic environment is still peppered with inflation, which has been around for several months. This situation requires construction players to be careful. In addition, access to the property has become complicated for some potential customers due to Increase the borrowing rate. In the face of this increase, Sometimes getting a home loan is difficult. a real estate loan simulator Consumers will be allowed Assess their ability to borrow based on the applicable rate.
At the end of June 2022, industry professionals as well as customers have learned Geoxia bankruptcy. One of the leading companies in the field of individual housing in France, the group originally Phoenix homes. Hexaom also feels the difficulties. In value terms, orders received by the company for new construction are down 10.8% as of June 30, 2022. This compares with data for the same period a year ago. In number, the decrease is 23.1% On the same basis of comparison. The same activity enabled Hexaom to generate €514 million in 2021.
However, 2021 was the year of all records for this builder. After this extraordinary dynamism, it returns to its usual level in 2022. The numbers are also in line with the goals set by the group according to its press release. He hopes to be able to record new growth throughout the entire year, although Delivery time may be extended.
What is the rate for your project?
A house worth more than 150 thousand euros
Concretely, Hexaom ends the first six months of 2022 with The turnover is 549.8 million euros. This amount translates 10% increase Compared to the first half of 2021, by a constant coefficient. It was the construction activity that brought his growth the most. It enabled it to have a turnover of 425.5 million euros with a year-on-year increase of 10.2%.
Renovation activities account for 77 million turnover And recorded a decline of 5.1% within one year. Results in a row in 31.2 million and 16 million for real estate development and land development. A rise of 16.9% was observed in the first and 171.2% in the second.
Hexaom seems to hold on though Material price hike and the Supply issues. Like its competitors, the company also has to deal with 2020 Thermal Regulations Implementation Cost (RE2020). To counter these difficulties, she had to revise her prices. The increase is about 16% within one year.
The cost of the houses offered by the company 151,600 euros on average During the first six months of 2022. This is the price excluding taxes and without the cost of the land. However, the average price was 130,600 euros the previous year. The French company won 10.5% of the market in the first half of 2022.