Despite the fall in income in 2012, Vicat will pay a dividend worth €1.50 per share, unchanged. The French building materials group posted consolidated net income down 23.4% to €148 million in 2012, the result of weak activity affecting its cement business as well as its concrete and aggregates arms both in France and in Egypt.
Despite the fall in income in 2012, Vicat will pay a dividend worth €1.50 per share, unchanged.
The French building materials group posted consolidated net income down 23.4% to €148 million in 2012, the result of weak activity affecting its cement business as well as its concrete and aggregates arms both in France and in Egypt.
EBITDA fell 10.9% to €437 million with an EBITDA margin down from 21.7% in 2011 to 19.1% in 2012. Consolidated sales rose 1.2% to €2.29 billion.
For 2013 the group wants to maximise cash flow to keep reducing its debt, before considering the next phase of its international development strategy.
