Vicat : No drama and even rather reassuring!
>H1 EBITDA in line with our estimates - EBITDA came in at € 228m (+1.7% on an actual basis and -1.8% l-f-l), i.e. in line with our estimate of € 230m (-0.7%). The operating performance was penalised by high base effects and especially by the settlement in H1 2018 of a "compensatory indemnity" of € 10.6m in the US for a previous operating loss in cement. Stripping out exceptionals, EBITDA was up 3.1% l-f-l. Relative to our estimates (see page 2), EBITDA by region under...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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