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ast-groupe.fr

About AST Groupe

AST Groupe is a real estate and land developer.

Headquarters Location

78 Rue Elisée Reclus

Decines-Charpieu, 69150,

France

+33 4 72 81 64 64

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Latest AST Groupe News

AST GROUPE – Q3 turnover – 2023 – 07/11/2023 – 6:30 p.m.

Nov 8, 2023

In millions of euros T3 2023* T3 2022* 9 months 2023* 9 months 2022* Variation % Individual houses 25,2 19,6 95,5 75,3 27% Promotion & Housing developments 3,7 2,9 13,9 10,4 33% Industrial construction method 5,1 6,5 21,2 23,1 -8% TOTAL 34,0 29,0 130,6 108,9 20% *Unaudited figures AST Groupe achieved a turnover of €34 million (+17%) in the 3rd quarter of 2023, following the trend of previous quarters and reflecting construction starts in the Group’s order book. Thus, over 9 months the turnover increased to €130.6 million and increased by 20% compared to the same period last year. The activity Individual houses maintained a sustained pace in the 3rd quarter to reach €95.5 million over the first nine months of 2023 (+ 27% compared to 2022). The activity Promotion & Housing developments stands at €13.9 million as of September 30, 2023 and appreciates by 33%. The division Industrial Construction Mode marked time in the 3rd quarter, due to the slowdown in Natilia sales observed last year, and stood at €21.2 million over 9 months. However, the turnover of Natibox garden studios continued to increase and reached €4 million as of September 30, 2023 compared to €1.6 million in 2022, i.e. growth of +150%. In a very difficult real estate market, AST Groupe is concentrating, as announced[1], on the completion of its order book and is suffering, like other players, a sharp slowdown in its sales linked to the tightening of access to credit and the rise in rates. In fact, the detached house market shows a drop of -39%[2] over the first 9 months of 2023 compared to 2022. Thus, the Group has a total of 850 orders taken at the end of September 2023 compared to 1,590 last year over the same period. Furthermore, the Group continues its discussions with its various partners, guarantors and bankers, and is still working with them with a view to reviewing, in particular, the structure of its financing. In this context, AST Groupe continues to implement its action plan to reduce its operational costs and increase the efficiency of its Individual Homes activity in order to improve its EBITDA in the second half of 2023 and the year 2024. About AST Groupe Builder, Promoter and Industrialist, with 30 years of experience and know-how in individual houses, AST Groupe is the 2nd national manufacturer and has a national network of timber frame house dealers (NATILIA). The Group also offers wooden frame garden studios (NATIBOX). Find all the information from AST Groupe on www.ast-groupe.fr Next appointment: AST Group

AST Groupe Acquisitions

2 Acquisitions

AST Groupe acquired 2 companies. Their latest acquisition was Maisons Ideoz on July 25, 2018.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/25/2018

$99M

Acquired

1

9/6/2017

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$99M

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10

Date

7/25/2018

9/6/2017

Investment Stage

Companies

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Valuation

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

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