Vicat SA

VCT

Equity

ISIN FR0000031775 / Valor 510004

Euronext - Euronext Paris (2024-12-23)

EUR 36.20+0.84%

Vicat SA
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About company

Vicat SA is a company that focuses on innovative projects aimed at reducing the carbon footprint of concrete production. One of their key initiatives involves utilizing waste heat from the cement manufacturing process to increase the efficiency of electrolysis, resulting in the production of hydrogen for sustainable transportation. Additionally, Vicat is involved in projects such as FastCarb and SeRaMCo, which aim to improve the quality of recycled concrete aggregate and promote the use of secondary raw materials in concrete precast products. Through collaborations with various partners and research institutions, Vicat is at the forefront of developing environmentally friendly solutions for the construction industry.

Summarized from source with an LLMView SourceSector: Industrials

Organic Sales Growth

Vicat SA reported a robust organic sales growth of 4.8% for the first half of 2024. This growth was driven by strong market dynamics in the United States and emerging markets, despite a slowdown in European markets, particularly in France. The consolidated sales rose by 1.3% on a reported basis to €1,937 million.

EBITDA Increase

The company's reported EBITDA increased by 12.3% to €353 million in the first half of 2024. This improvement was attributed to the growth in volumes at the Ragland plant in the United States, a favorable cost/price differential, and improved industrial performance. The EBITDA margin advanced by 180 basis points to reach 18.2%.

Net Income Growth

Vicat SA's consolidated net income for the first half of 2024 totaled €115 million, reflecting a 7.1% increase at constant scope and exchange rates, and a 4.8% increase on a reported basis. The net margin was 5.9%, and the net income, Group share, rose by 10.2% at constant scope and exchange rates to €104 million.

Performance in the United States

The United States market showed a strong performance, with EBITDA reaching €80 million, up 41.9%. The growth was driven by the industrial and commercial ramp-up at the Ragland plant and a volume rebound in California. This contributed significantly to the overall increase in the company's EBITDA.

Outlook for 2024

Vicat SA expects its EBITDA for the full year 2024 to grow by 3% to 8%. The company aims to restore margins to above their 2021 levels, reduce net debt in line with its 2025 deleveraging target, and continue executing its climate roadmap. These efforts are expected to provide greater flexibility for the company's development.

Summarized from source with an LLMView Source

Key figures

10.2%1Y

1.12%3Y

-9.61%5Y

Performance

22.6%1Y

26.8%3Y

29.1%5Y

Volatility