Report
Sven Edelfelt

Vicat : Contribution exceptionnelle aux US et bonne génération de CF

>Opinion Acheter maintenue - Nous jouons un momentum plus positif dans les pays matures après une année 2017 décevante (66%e de l’EBITDA 17). Nous mettons en avant les éléments suivants : 1/ France (28%e de l’EBITDA 17) : profitabilité à l’équilibre dans le béton/granulats fin 2017, 2/ Suisse (21%e de l’EBITDA 17) : hausse des prix dans le ciment après un point bas en 2016, 3/ Etats-Unis (17%e de l’EBITDA 17) : signature du Fast Act pour la Californie et effet prix po...
Underlying
Vicat-Ciments Vicat SA

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Sven Edelfelt

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Matthias Desmarais
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