Vicat : 2018, une année à vite oublier…
>EBITDA inférieur à la guidance du groupe - EBITDA 2018 à 435 M€ en dessous de nos attentes et du consensus (2,0%). Rappelons que la société avait annoncé tabler sur un « EBITDA 2018 en base publiée globalement stable par rapport à 2017 ». Par rapport à nos estimations (cf. page 2), l’EBITDA par région est inférieur à nos attentes sur les zones Afrique Moyen Orient (perte de 10 M€ en Egypte et recul au Sénégal) et Asie (Turquie EBITDA de 7 M€ au S2 18 vs 29 M€ au S2 1...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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