Vicat : Unlucky, Q3 was not spectacular
>Sales 3% below forecasts - Q3 2024 sales were € 979m, up 0.7% l-f-l (-7% on a reported basis) and below our forecast (€ 1,073m) and the consensus (€ 1,008m). All of the group’s activities delivered l-f-l growth over the first nine months thanks to the price effect: cement (2%), concrete and aggregates (+5%) and other products and services (7%). Cement volumes were down 1%, while concrete and granulates saw a decline of 5% and 6% respectively. Independently of this, t...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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