Thomas & Piron Group : 2018 annual results

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A new record year for Thomas & Piron, which in 2018 achieved a turnover of more than half a billion euros, or 512.8 million, compared with 471.8 million in 2017.

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01/07/2019 |
  • Thomas & Piron

The balance sheet total increased from 673.9 million euros to 873 million.

The Group achieved an EBITDA of 72 million, an 11% increase over 2017, and an operating result of 51.1 million euros.

Lastly, equity rose from 262 to 280 million euros.

2018 saw exceptional sales of 1,660 units (houses and apartments). Growth was experienced in every segment and in every market in which the Group is active.

The Group also passed the 2,000-employee mark.

The Group, which is already active in Belgium, Luxembourg, France and Morocco, launched its first project in Lisbon, Portugal, with the construction of 42 apartments. Other projects in Lisbon and Porto are currently being considered.

Luxembourg remains one of the most dynamic markets, with sales rates and price levels exceeding the most optimistic estimations. To cope with demand, in 2018 the Group invested in property that allows it to retain its position as market leader; this investment will continue in 2019.

The Group approached 2019 with the goal of sustained growth in terms of both turnover and sales numbers. International expansion remains on the agenda, and an acquisition in a new European country is currently being analysed and should become a reality in autumn 2019.

The Thomas & Piron Group has also been awarded the "Best Managed Company" label by Deloitte.

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