French construction materials group Vicat posted turnover of €1.15 billion for the first half of 2013, up 1.7% on year (3.2% at constant perimeter and exchange rates). Cement turnover rose 2.9% and concrete and granulate activity grew 6.9%. Other activities and services saw turnover dropped by 4.7%. Consolidated EBITDA rose 2.1% to €201 million for an EBITDA margin of 17.5%. EBIT rose 1.3% to €105 million and group net profit increased 9% to €54.9 million for the period.
French construction materials group Vicat posted turnover of €1.15 billion for the first half of 2013, up 1.7% on year (3.2% at constant perimeter and exchange rates).
Cement turnover rose 2.9% and concrete and granulate activity grew 6.9%. Other activities and services saw turnover dropped by 4.7%.
Consolidated EBITDA rose 2.1% to €201 million for an EBITDA margin of 17.5%. EBIT rose 1.3% to €105 million and group net profit increased 9% to €54.9 million for the period.
Generating cash flow and reducing debt is a key goal for Vicat before it moves forward with further international expansion. Continued cost management will be essential, but Vicat will also look to its strong market position and the quality of its production to achieve its objectives.
