Vicat : 2019 marked by a one-off item
>EBITDA higher than forecast thanks to a one-off item - 2019 EBITDA of € 526m, higher than our forecasts and the consensus estimate of € 520m (+1.0%). These good figures are mainly attributable to a one-off item of € 11.8m in the cement business in Brazil. Excluding the one-off item, EBITDA would have been 1.3% lower than forecast. Note that the company had announced “an improvement in EBITDA in 2019 vs 2018â€. Compared with our estimates (see page 2), EBITDA by region...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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