Vicat - August 2017

Vicat's first-half turnover edged ahead by 0.8 per cent to EUR1248m, or by 0.9 per cent on a comparative basis, but EBITDA declined by 8.7 per cent to EUR188m and the margin declined from 16.7 to 15.1 per cent. The trading profit came off by 16.2 per cent to EUR86m, while the net interest charge was 29.9 per cent lower at EUR12.9m, giving a attributable profit 17 per cent lower at EUR40m. The net debt at the end of the period amounted to EUR1006m, a five per cent reduction. The gearing level declined from 44.1 to 41.8 per cent.


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