Vicat posts 12.5% consolidated sales in 2011
First publishedon www.AggBusiness.com
Vicat achieved a 12.5% rise in consolidated sales in 2011, according to new figures published by the French building materials group.
Expansion in Kazakhstan and India, solid financial position, and benefits of the Performance 2010 plan will, claim Vicat, help continue its growth strategy in 2012.
However, the Group say the outlook is not so bright in a number of other markets including Egypt, the US, Italy and France.
The 12.5% rise took 2011 consolidated sales to €2.27billion, with a positive contribution from all activities. Cement was up 10.1% to €1.14billion, and concrete and aggregates brought in €818million, up 14.2% year-on-year.
Vicat says it achieved robust business growth in France, Turkey and Western Africa, and strong growth in Kazakhstan and India thanks to acquisitions and investments under the Performance 2010 plan.
France contributed €939million to Vicat's consolidated sales, up 12.9% compared to 2010. And Europe, bar France, was up 26.8% to €403million. Turkey, India and Kazakhstan saw the greeatest sales progression, up 36.2% to €348million in 2011. In contrast, adverse weather conditions and economic weakness resulted in a 1.5% drop in the US.