Vicat : A good H1, consistent with the consensus and full-year guidance
>EBITDA 10% above our forecast - H1 2020 EBITDA came to € 213m (-6.7% in real terms and -5.8% like-for-like), which is 10% above our forecast of € 193m (-15.2%). The group’s operating performance was penalised by lower volumes, especially in France, Italy and India, and by difficult conditions in Kazakhstan, Turkey and Egypt. Cost-cutting measures amounted to -€ 51m over the year (of which € 24m in H1). A comparison with our estimates (cf. page 2) shows that EBITDA ca...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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