Vicat - November 2014
Vicat's turnover for the first nine months of the year improved by 6.1 per cent to EUR1847m, which represents an underlying advance of 9.7 per cent. The gearing level was little changed at 51.7 per cent at the end of September compared with 51.3 per cent a year ago and lower than the 52.7 per cent seen at the end of June. Turnover in cement was 10.1 per cent higher at EUR1129m, which represented 53.6 per cent of the group total. Cement deliveries rose by 15.7 per cent to 15.82Mt. The aggregates and concrete turnover eased by 0.4 per cent to EUR670m, or 31.8 per cent of the group total, with shipments of aggregates declining by 5.7 per cent to 16.21Mt and deliveries of ready-mixed concrete decreasing by 2.1 per cent to 6.27Mm³. The turnover from other activities was 0.8 per cent ahead at EUR309m or 14.7 per cent of the group total.