Vicat : H1 figures on the light side, guidance in line with estimates
>H1 EBITDA 3% below forecasts - H1 EBITDA came in at € 353m (+12.3% in absolute terms and +15.6% lfl) but below consensus forecasts for € 365m (Visible Alpha). The rise in H1 EBITDA was driven by the ramp-up of Ragland, a favorable price/cost duo and an improved industrial performance. EBITDA was higher in all regions except France (-6.8%). By business, sales volumes were down in concrete (-2.5 in volume terms) and aggregates (-9.4%) and increased in cement (+1%). Net...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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