Vicat - March 2016
Vicat’s turnover improved by 1.5 per cent in 2015 to EUR2457.9m and EBITDA was up by the same percentage to EUR448m, while at unchanged parameters there would have been declines of 4.4 and 4.3 per cent respectively. The trading profit declined by 4.8 per cent to EUR249.7m, with the reduction at unchanged parameters being 10.4 per cent as the stronger dollar had a beneficial effect on the reported figures. The net financial charge was 22.3 per cent lower at EUR37m and after 2.8 per cent higher contribution from associates the pretax profit improved by 1.7 per cent to EUR206.4m. After a 7.1 per cent higher tax charge of 30.9 per cent and a 40.8 per cent higher minorities charge of EUR21.1m, the net attributable profit emerged 5.4 per cent higher at EUR121.5m. The net debt at the end of the year was 0.4 per cent lower at EUR1018m and represented 45.2 per cent of total shareholders' funds, compared with 41.6 per cent a year earlier. Capital investment in the year was increased by 7.1 per cent to EUR167m, while and net spending on acquisitions declined from EUR74m to EUR19m.