Vicat : Corduroy road or bad slip
>Q1 sales up 12.4% LFL, in line with our expectations - Q1 2022 sales came to € 789m, up 12.4% LFL (+11.6% on a reported basis) in line with our estimate (€ 787m). All businesses posted organic growth: cement (13.1%), concrete & aggregates (+14.1%) and other products & services (+4.5%). As was the case for its peers, the price effect was the main organic growth driver, reaching 11% in Q1. By business, volumes were down in cement (-4.7%) and concrete (-1.9%) but up in ...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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