Hexaom: Revenue Grows by 10.5% in Q1, Driven by House Construction
HEXAOM reports a revenue of EUR 159.5 million in the first quarter of 2026, up by 10.5% compared to the same period in 2025. This growth is entirely based on house construction, which saw a surge of 14.9%, thanks to the rebound in order intakes observed since late 2024. However, four other segments recorded declines, while the group aims for a 20% annual growth in 2026 with an operating profitability above 5%.
House Construction Drives Quarterly Growth
The House Construction segment generated EUR 133.2 million in revenue in the first quarter of 2026, up by 14.9% (12.2% on a like-for-like basis, after adjusting for the acquisition of the HDV sub-group in January 2025). This momentum results from the restart of order intakes recorded since the end of 2024, with production gradually accelerating. The group notes a recovery in the pace of site openings in the spring, following disruptions caused by winter weather, aligning with the annual production goals. In terms of commercial activity, 1,139 houses were ordered (cumulative by the end of March), generating a revenue of EUR 178.2 million, up by 1.8% in value and 1.2% in volume on a like-for-like basis. The average selling price is set at EUR 156.5K excluding taxes.
Renovation, Development, and Land Management Reflect Different Trajectories
Renovation fell by 7.1% to EUR 9.1 million, mainly due to a decrease in General Contracting activity (−24.6%, at EUR 4.3 million), linked to the transfer of Camif Habitat's activity to franchisees. Excluding this effect, the decline remains limited to 6%. Conversely, Brokered Services grew by 14.6% to EUR 4.7 million, thanks to the franchise networks of Illico Travaux, Camif Habitat, and Rénovert. Commercially, brokered order intakes amounted to EUR 55.4 million, up by 11.6%. Real Estate Development achieved EUR 14.0 million compared to EUR 14.8 million in 2025 (−5.4%), but this stability aligns with the group's objectives. The backlog stands at EUR 138.9 million, and cumulative net reservations reached EUR 34.6 million excluding taxes, compared to EUR 10.1 million the previous year. Land Management recorded a revenue of EUR 3.1 million (−16.2%), with an order book of EUR 18.3 million.
HEXAOM Aims for 20% Growth Acceleration and Enhanced Profitability
The group anticipates a 20% increase in revenue in 2026 and an operating profitability over 5%, goals based on a solid order book. HEXAOM focuses on improving its operating profitability through a return to growth in production combined with control over margins and fixed costs, while maintaining vigilance on material costs. Priorities include increasing market share through the density of commercial networks, strengthening the franchise network in renovation, scaling up HexaPro (an offering for businesses and communities), maintaining Promotion production, and developing timber-framed houses and garden studios. The group relies on recent resizing and its adaptability to a deteriorated context.
