Vicat : A good Q1 pending the impact of COVID-19 in Q2
>Q1 2020 sales 6% ahead of our estimates - Q1 2020 revenues totalled € 615m, stable l-f-l but higher than we expected (€ 580m). Organic growth in Q1 2020 was decent (given the context) at +0.2% versus our forecast of -4.0%. Our organic growth estimates were too pessimistic, as the group escaped the Q1 2020 confinement measures in the US, Senegal and Switzerland. Key takeaway: no confinement effect in the US and Senegal - The main elements by c...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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