Vicat - August 2013

Vicat's first-half turnover increased by 1.7 per cent to €1147.7m, which amounts to a 3.2 per cent improvement on a comparative basis. The EBITDA edged ahead by 0.4 per cent to  €201.4m and the margin narrowed only slightly from 17.8 per cent to 17.6 per cent. The trading profit improved by 2.4 per cent to €107m. After a net financial charge 9.8 per cent higher at €21.5m and a 33.8 per cent increase in the income from associates, the pre-tax profit came did improve by 1.3 per cent to €87.7m and the net attributable profit rose by seven per cent to €54.9m. Capital spending in period dropped by 48.6 per cent to €78m. The net debt was six per cent lower at €1241m, giving a gearing level of 53.3 per cent.

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