Vicat : An encouraging Q1 2019 but not meaningful
>Q1 revenues 5% ahead of our estimates - Q1 19 revenues came to € 600m, stable l-f-l but higher than we expected (€ 570m). Organic growth in Q1 2019 was slightly disappointing at +0.3% versus our forecast of > 3%. Our estimates for organic growth were overly optimistic in view of the base of comparison, particularly in the US and Turkey. Note the bad weather in the US and price increases in India - The main surprises by country in Q1 were: 1/ a fall ...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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