Vicat : 2019: from a “marked improvement†to an “improvement†in EBITDA
>Q3 sales in line with our forecasts - Q3 2019 sales of € 719m, down 0.9% l-f-l in line with our forecasts (€ 717). Organic growth was in line with that of Q2 at -1.3% and after 0.3% in Q1 2019. Note bad weather in the US and a monsoon effect in India - The main surprises by country in Q3 were: 1/ positive trends in the US at 7.5% l-f-l despite the impact of bad weather, in Alabama this time (in California in Q1), 2/ Switzerland -0.8% in Q3 l-f-l aft...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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