Vicat : 2018 a year best forgotten …
>EBITDA below the group’s guidance - 2018 EBITDA came to € 435m, below our estimates and the consensus (2.0%). Note that the company had announced that “FY 2018 EBITDA on a reported basis is likely to be broadly stable compared with FY 2017â€. Relative to our estimates (cf. page 2), EBITDA by region fell short of our expectations in the Africa and Middle East region (loss of € 10m in Egypt and decline in Senegal) and Asia (Turkey EBITDA of € 7m in H2 2018 vs € 29m in H...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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