Vicat : Bon S1 cohérent avec le consensus et la guidance annuelle
>EBITDA 10% supérieur à ODDO - L’EBITDA S1 20 ressort à 213 M€ (-6.7% en réel et -5.8% à pcc), 10% supérieur à nos attentes de 193 M€ (-15.2%). La performance opérationnelle a souffert de la baisse des volumes notamment en France, en Italie, en Inde, et d’un environnement difficile au Kazakhstan, Turquie et Egypte. Les mesures d’économies de coûts se chiffrent à -51 M€ sur l’année (dont 24 M€ au S1). Par rapport à nos estimations (cf. page 2), l’EBITDA par région est ...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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