Herige: The visible effects of a slow and deep restructuring
Like many others, the building materials distributor in western France has been hit hard by the lockdown and the Covid crisis. In 2020, its turnover contracted by nearly 5% on a like-for-like basis. However, the crisis and this downturn did not prevent Herige from recording an increase of more than 40% in its net income. This very good performance is not exceptional but the result of a slow and profound restructuring of the company.
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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