VM Materiaux is engaged in the building market with 3 complementary fields of activity. Co.'s operations can be divided into three segments: Building material trading (Co. has a trading network specialized in distribution of materials for the building and public works sector), Concrete industry (Co. produces pre-cast and ready-mix concrete) and Industrial joinery (Co. manufactures a range of PVC, aluminium or wooden external joinery (doors and windows), as well as entry closures (shutters, fences and gates)). Co. operates only in France. Among its clients, Co. has both professionals in the building industry and DIY customers.
  • TickerALHRG
  • ISINFR0000066540
  • ExchangeEuronext Paris
  • SectorConstruction & Materials
  • CountryFrance
Julien Onillon

Herige: Almost everything has to be redone

The publication of Herige's annual results for 2019 could have been an opportunity for its management to congratulate itself. After several years of restructuring, the building materials distribution group posted an increase of more than 50% in EBITDA and almost doubled its net current result to 10 million euros (before goodwill). Moreover, for 2020, the company could have expected a further significant improvement in its performance. Herige expected to benefit from its new offensive strategy in distribution, its recent acquisitions in cement and the ramp-up of its new plant in industrial carp...

Julien Onillon

Herige: An earlier than anticipated market downturn but expected resilience

Herige reported quarterly sales well below our expectations. The materials trading group, which had previously posted organic growth of 4% to 5% each quarter, recorded a 3.1% contraction in revenues in the last quarter of 2019. The group's management explains this negative performance by complicated weather conditions in October and an unfavorable calendar effect. In reality, this decline is mainly due to a downturn in the building materials market. A turnaround that occurred earlier than expected, but which was expected.

Julien Onillon

Herige: The quiet recovery

Herige has disappointed investors enormously. A small trader of building materials in western France, the family company enjoyed a moment of glory on the stock markets in the mid-2000s, when it pursued an aggressive external growth strategy. Unfortunately, when construction markets in France fell as a result of the financial crisis, the group - which was high in debt and poorly structured - saw its sales collapse. A painful but above all long restructuring process followed. Between 2012 and 2018, Herige closed and sold nearly a third of its sales offices and accumulated the associated setbacks...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Julien Onillon

Herige: Almost everything has to be redone

The publication of Herige's annual results for 2019 could have been an opportunity for its management to congratulate itself. After several years of restructuring, the building materials distribution group posted an increase of more than 50% in EBITDA and almost doubled its net current result to 10 million euros (before goodwill). Moreover, for 2020, the company could have expected a further significant improvement in its performance. Herige expected to benefit from its new offensive strategy in distribution, its recent acquisitions in cement and the ramp-up of its new plant in industrial carp...

Julien Onillon

Herige: An earlier than anticipated market downturn but expected resilience

Herige reported quarterly sales well below our expectations. The materials trading group, which had previously posted organic growth of 4% to 5% each quarter, recorded a 3.1% contraction in revenues in the last quarter of 2019. The group's management explains this negative performance by complicated weather conditions in October and an unfavorable calendar effect. In reality, this decline is mainly due to a downturn in the building materials market. A turnaround that occurred earlier than expected, but which was expected.

Julien Onillon

Herige: The quiet recovery

Herige has disappointed investors enormously. A small trader of building materials in western France, the family company enjoyed a moment of glory on the stock markets in the mid-2000s, when it pursued an aggressive external growth strategy. Unfortunately, when construction markets in France fell as a result of the financial crisis, the group - which was high in debt and poorly structured - saw its sales collapse. A painful but above all long restructuring process followed. Between 2012 and 2018, Herige closed and sold nearly a third of its sales offices and accumulated the associated setbacks...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior