Vicat net profit up nearly 60%

French cement, concrete and aggregates group Vicat posted a 59.4% increase in net income for the first half of 2018. Net income in H1 totalled €59million, compared with €40mn for H2 2017. Vicat says the solid performance was helped by growth in Turkey, the United States, France and Kazakhstan. Consolidated sales in H1 2018 totalled €1,281mn, up 2.7% on the same period of 2017. In H1 the cement business posted a 9.7% increase in operational sales at constant scope and exchange rates and a 1.3% increase on
August 8, 2018 Read time: 3 mins

French cement, concrete and aggregates group Vicat posted a 59.4% increase in net income for the first half of 2018.

Net income in H1 totalled €59million, compared with €40mn for H2 2017. Vicat says the solid performance was helped by growth in Turkey, the United States, France and Kazakhstan.

Consolidated sales in H1 2018 totalled €1,281mn, up 2.7% on the same period of 2017.

In H1 the cement business posted a 9.7% increase in operational sales at constant scope and exchange rates and a 1.3% increase on a reported basis. Operational sales in the concrete & aggregates business grew 5.4% at constant scope and exchange rates, whereas they were stable on a reported basis (-0.1%). Operational sales in the other products & services business rose by 12.5% at constant scope and exchange rates by 8.4% on a reported basis.

The cement business accounted for 51.2% of Vicat Group's operational sales in H1 2018 compared with 51.5% in the first half of 2017. There was also a slight decrease in the contribution from the concrete & aggregates business (33.7% versus 34.4% in the year-earlier period) and a higher contribution from other products & services to 15.0% (14.1% in H1 2017).

Guy Sidos, chairman and CEO of Vicat Group, said that in India the group benefited from the start of work on new infrastructure projects in a particularly competitive environment at the beginning of the year. In Switzerland, adverse weather conditions and the end of some large projects meant that performance decreased in H1.

He added: "The group’s business in Egypt was held back by military operations aimed at restoring security in the region where its production is based, that will allow the group to resume its progress in this market, where the medium-term outlook is very promising. On this basis, the Vicat Group expects to deliver improved performance in full-year 2018.”

Group EBITDA rose by 12.3% in H1 to €197mn. This was helped by a 63.1% jump in the US driven by solid growth in volumes and average selling prices in both cement and concrete.

There was also a 135.5% surge in EBITDA in Turkey, with weather conditions much more favourable than in the first half of 2017 and strong business momentum in the group’s client sectors.

France saw a 19.3% EBITDA increase resulting from a sharp improvement in the concrete & aggregates business, supported in particular by an upturn in concrete prices combined with solid EBITDA growth in the cement business.

Kazakhstan posted 45.4% EBITDA growth based on a significant increase in volumes and selling prices.

Detection, Monitoring & Machine Vision

Related Content

  • Optis releases new simulator to reproduce performance of advanced lighting systems
    November 13, 2017
    Virtual prototyping company Optis has unveiled the latest version of its driving simulator Vrx 2018, which virtually reproduces the performance and behaviour of advanced lighting systems including, adaptive front light system, adaptive driving beam matrix beam and pixel beam. It comes with a new set of features which enables transportation OEMs and their Tier-1 suppliers to test and experience the performance of their headlights with virtual prototypes on virtual test tracks, recreating realistic traffic co
    Read More
  • Idaho adds human dimension to winter savings
    September 23, 2014
    Idaho leverages the increased capability and reliability of its road weather sensor network to reduce costs and prevent accidents. Weather-related accidents can form a significant chunk of an authorities’ annual road casualty statistics. While authorities cannot control the weather, the technology exists to monitor the road conditions and react with warnings to motorists and the treatment of icy or snow-covered roads. However, with all capital expenditure now placed under the microscope of public scrutiny,
    Read More
  • Eurosmart: nearly one billion contactless smartcards shipped in 2013
    November 18, 2013
    The global desire for solutions which combine convenience and security shows absolutely no sign of stopping, according to Eurosmart, the acknowledged voice of the smart security industry Revealing some dramatic figures at the opening of CARTES 2013 today, Eurosmart estimates that 7.2 billion Smart Secure Devices will be shipped by the end of this year, with that number growing by 7% to more 7.7 billion units in 2014.
    Read More
  • Tolling systems - interoperability is key
    January 25, 2012
    Is US tolling as fragmented and divided as some would have you believe? And are the technology suppliers so very entrenched? ITS International spoke to the market's leading suppliers. A few years back, the prevalent view was that the North American tolling market was characterised by fragmented, proprietary solutions, each existing in splendid isolation. The reality is that a combination of pragmatism and good old market forces have seen some concerted moves made towards interoperability in many areas.
    Read More

Highlighted Content