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 carpentry. The COVID-19 plunges the group back into the crisis and everything (or almost everything) will have to be redone.
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.
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