Vicat : Guidance raised and H1 EBITDA slightly below forecasts
>Improved results, but below our forecasts - H1 EBITDA came to € 314m (+17% reported and +22% l-f-l), below the market consensus forecast of € 336m (Visible Alpha). EBITDA growth in H1 was driven by the ramp-up of Ragland, price effects and greater use of alternative fuels. Compared with our estimates (see page 2), the regional EBITDA breakdown exceeded our forecasts in France and the Americas but fell well short of them in the Mediterranean and Asia. By business, vol...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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