Vicat posts higher profits in 2004

Vicat posts higher profits in 2004
Published: 11 March 2005

French building materials supplier Vicat SA posted a Euro166m net profit for 2004, a 27 per cent YoY increase, with a Euro 10.14 net profit per share, it was reported on March 11, 2005. The company reported a Euro 296m operating profit, a 25.6 per cent increase, while the consolidated turnover reached euro 1.618bn up 10 per cent. 

The consolidated self-financing capacity reached Euro 293m which enabled the company to reduce its net debt to Euro 420m equal to 35 per cent of equity, after covering the funds concerning the investments. 

Vicat is present in seven countries and has a total 6000 employees in France, the USA, Turkey, Senegal, Switzerland, Egypt and Italy. The company manufactures cement, produces ready-mixed concrete and aggregates, and conducts other activities that are parallel or complementary to its core operations.