Report
Chaima Ferrandon ...
  • Sven Edelfelt

Vicat : Everything is just fine!

>EBITDA in line and net debt above estimates - 2022 EBITDA was € 570m, in line with the consensus at € 564m and ODDO BHF at € 566m. EBITDA fell 5.6% to € 301m in H2 to after -10.3% in H1 and € 269m. As expected, the price effects announced at the end of last year improve the price-cost duo, although this has not returned to positive territory. Relative to our estimates, EBITDA by region was higher than expected in the Europe, Americas and Mediterranean zones but lower...
Underlying
Vicat-Ciments Vicat SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Chaima Ferrandon

Sven Edelfelt

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