Vicat : Un S1 difficile mais la guidance n’est pas remise en cause
>EBITDA 12% inférieur à nos attentes - L’EBITDA S1 ressort à 268 M€ (-10.4% en réel et -9.8% à pcc), 11.6% inférieur à nos attentes de 303 M€. La baisse de l’EBITDA au S1 s’explique essentiellement par la hausse des combustibles que le groupe n’a pas encore complétement répercuté à ses clients finaux. Rappelons que le groupe avait déjà enregistré une baisse de l’EBITDA de 7.3% au S2 2021 après une hausse de 41% au S1 2021. Par rapport à nos estimations (cf. page 2), l...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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