Vicat - March 2015

Vicat’s turnover increased by six per cent in 2014 to EUR2422.7m and EBITDA emerged 3.6 per cent ahead at EUR442.0, while at unchanged parameters the increases would have been eight per cent and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m. The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pretax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 per cent and a higher minorities charge, the net attributable profit emerged eight per cent higher at EUR128.5m. The net debt at the end of the year was four per cent lower at EUR1022m and represented 41.6 per cent of total shareholders' funds, compared with 46.5 per cent a year earlier. Capital investment year was further reduced by 10.3 per cent to EUR156m, while and net spending on acquisitions rose from EUR18m to EUR74m.

To continue reading this story and have 100% free access to the website, please Register for a subscription to International Cement Review or Login