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«Revenue and business activity in Q1 2010
- Revenue: Residential division revenue came to €343 million, up 4% from Q1 2009, Services and Distribution division revenue grew by 16% to €130 million, and Commercial division revenue declined by 34% to €82 million. The Group posted consolidated revenue of €556 million, down 2% compared from Q1 2009
- Residential division: 2,881 net reservations, including 2,201 new homes in France, in line with the forecast of around 9,000 new home reservations in 2010
- Commercial division: negotiations in progress for new orders
- Backlog as of March 31, 2010: €2.6 billion, equivalent to 14 months of revenue from development activities
Outlook for 2010
- Residential: 10% market share based on an anticipated total market of around 90,000 new homes
- Commercial: new order intake target of €150 million
- 2010 consolidated revenue expected to be around €2.5 billion
- Current operating margin target of 7%». (stralcio dal CS della Società)
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