Vicat : A good year in 2023, now what about 2024?
>EBITDA 4% above and net debt < estimates - 2023 EBITDA was € 740m, in line with the consensus at € 710m and of ODDO BHF at € 716m. According to the company, this performance can be explained by the ramp-up at Ragland, the impact of price hikes and the improvement of industrial performances in the cement business (alternative fuels). We think that the price hikes and decline in fuels at the year-end are the main reasons (after a disastrous year in 2022). Relative to ...Vicat specializes in the production and marketing of cement, ready-mixed concrete and aggregates. Co. is also engaged in other activities which are: transport brokering (transporting materials and merchandise to large work sites) and contract work, production of prefabricated concrete products, fabrication of building products and paper. Co.'s business is divided into four segments: Cement, Ready-Mixed Concrete, Aggregates and Other Products and Services. Co.'s activities are conducted in eleven countries across Europe, North America Asia, Africa and the Middle East such as: France, U.S.A., Italy, Switzerland, Turkey, Egypt, Senegal, Mali, Mauritania, Kazakhstan and India.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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