MAISONS FRANCE CONFORT

Sales dynamics pursued

Over the first quarter 2008, Maisons France Confort saws its sales figures rise by 9.1% to reach €128.5 million, in line with the stated growth objectives.

Activity over this quarter includes the Group’s three latest acquisitions (PCA Maisons, Groupe Morel Construction and CTMI), so taking like-for-like figures, the Group’s sales are up by 2.5%.

With an 8% rise in the number of orders taken over Q1 2008 (+3% like-for-like), the Group’s sales activity is clearly outperforming the market, which fell back by an average 7.9% over the same period (Source: Caron Marketing).

Strategic choices generating growth

Despite a less clement economic climate, the individual homes construction market is still structured for growth and benefits from highly favourable conditions (zero-rate loan maintained and extended, longer mortgages, tax credit on interest, PASS Foncier loans and interest rates which remain generally low).

Beyond these fundamental factors, the Group has taken a strategic position designed to ensure growth and earn new market share, in particular by:

Setting up strategic partnerships, guaranteeing clear synergies

• Partnership with the Caisse d'Epargne group
• Signature of the "Own your own home for €15 per day®" charter with the Ministry of Housing,
• Partnership agreement with EDF Energies Nouvelles Réparties.

Innovative offers responding to tomorrow’s changing requirements

The Research and Development department has come up with new offers enabling the group to anticipate changes in regulations while taking new expectations and the budget of potential buyers into account. The commercial success met by the “Maison Performance” and the “Maison Open” shows just how relevant this approach is.

National presence reinforced

The Group’s sales presence, which includes strong regional brands, means it can bring together the best-performing players in the field, while pursuing a two-level external growth policy (at both headquarter and subsidiary level).

Stated objectives confirmed

The Group has once again confirmed the favourable outlook for 2008 growth, with sales up by around 10% and high profitability, thanks to:

• Pursued external growth planned over the financial year,
• Production already guaranteed by the order book (18-month visibility and stable cancellation rate).

Next press release: 2nd quarter 2008 Sales, on 7 august, after stock exchange.
Next appointment: Annual general meeting, on 23 May 2008.

About Maisons France Confort:

Founded in 1919, Maisons France Confort is the oldest builder of single-family homes in France and the second largest builder of single-family homes on individual plots. The Group operates in 19 regions in France, with 240 sales offices and 40 model homes.
Staff size at 31 December 2007: 1,220 people.

Maisons France Confort is listed on the NYSE Euronext - Compartment B.

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