Strong start to the year with turnover up 6.1%
Increase in activity in the 1st quarter of 2016
The strong momentum enjoyed by HERIGE Group in the last quarter of 2015 continued to gather pace in the first three months of 2016, with turnover increasing 6.1% year-on-year to stand at €135.7 million.
All Group activities contributed to this strong performance:
- turnover for Building materials trading increased 4.6% on the back of a slight uptick in the market despite a persistently difficult public works sector,
- turnover for the Concrete industry increased 2.1% following a moderate increase in volumes, notably for ready-mix concrete, and despite a fiercely competitive international market,
- turnover for Industrial joinery increased by a strong 14.1%, boosted by dynamic sales as well as energy efficiency rebates.
The first signs of recovery for the construction market seen in the last quarter of 2015 have been confirmed since the beginning of the year, with new single housing starts remaining virtually stable over the period.
The steady increase in individual housing sales over the past twelve months underpins HERIGE’s forecasts of a gradual sector recovery.
In response to the challenges of a constantly-changing market and in line with its reorganization which began in 2014, HERIGE will continue to strengthen its fundamentals in order to return to a level of profitability and to finance its future development.
NEXT PUBLICATION : Turnover for Q2 2016 on 26 July 2016 (after the stock exchange closes).
All our financial communications are available on our website www.groupe-herige.fr