Cement News tagged under: Vicat
Vicat reports 4% growth in consolidated 9M17 sales07 November 2017, Published under Cement NewsVicat’s 9M17 sales reached EUR1.92bn (USD2.22bn) versus EUR1.87bn a year earlier, reflecting a 4 per cent rise at constant scope and exchange rates. On a reported basis, the group’s sales rose 2.9 per cent compared with the same period of 2016. These results were supported by a 4 per cent pick-up in sales at constant scope across all Vicat’s regions, except for West Africa. The negative currency effect was -4 per cent, predominantly a result of the depreciation in the Egyptian pound and Tu... |
Vicat suffers from currency weakness in several countries04 August 2017, Published under Cement NewsVicat's first half turnover edged ahead by 0.8 per cent to EUR1248m, or by 0.9 per cent on a comparative basis, but the EBITDA declined by 8.7 per cent to EUR188m and the margin declined from 16.7 per cent 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. Net debt at the end of the period amounted to EUR1006m, a five per cent reduction, and th... |
Vicat expects improved Europe, US, India and west African markets03 May 2017, Published under Cement NewsVicat's first-quarter turnover eased by 0.5 per cent to EUR551m, which represents an underlying advance of 1.4 per cent. The cement turnover declined by three per cent to EUR283m, as cement shipments advanced by 1.2 per cent to 4.89Mt. Before inter-sector eliminations, the cement turnover amounted to EUR335m. The turnover in concrete and aggregates was three per cent ahead at EUR204m, which represents an underlying decline of 2.5 per cent, as aggregates shipments rose by 3.7 per cent to 5... |
Vicat02 March 2017, Published under Cement NewsVicat’s turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there would have been increases of 4.1 per cent and eight per cent, respectively. The trading profit improved by five per cent to EUR258m, with the increase at unchanged parameters being 9.6 per cent. The net financial charge was EUR10.1m lower at EUR38.1m and after an increase in the contribution from associates from EUR4.9m ... |
Egypt: Sinai Cement returns to black02 March 2017, Published under Cement NewsFortune took a turn for the better for Sinai Cement in 2016. The company improved its net results significantly as it reported a net profit of EGP13.47m (US$835,183). In 2015, Sinai Cement reported a loss of EGP39.83m. Sinai Cement is owned by France’s Vicat group. The company operates a 3.5Mta cement plant in Sinai. |
Vicat's profits modestly ahead in 201628 February 2017, Published under Cement NewsVicat's turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there would have been increases of 4.1 and eight per cent, respectively. The trading profit improved by five per cent to EUR258m, with the increase at unchanged parameters being 9.6 per cent. The net financial charge was EUR10.1m lower at EUR38.1m and after an increase in the contribution from associates from EUR4.9m to EUR13.... |
Vicat advances in the USA in spite of poor weather in California04 November 2016, Published under Cement NewsVicat's turnover for the first nine months of the year eased by 0.9 per cent to EUR1867m, which represents an underlying improvement of 3.4 per cent. Turnover in cement was 1.9 per cent lower at EUR1136m, which represented 53.1 per cent of the group total. Cement deliveries increased by 10 per cent to 16.64Mt. The aggregates and concrete turnover improved by 2.3 per cent to EUR698m, or 32.6 per cent of the group total, with shipments of aggregates rising by 5.8 per cent to 16.32Mt and delive... |
Kazakhstan: a nation’s vision17 October 2016, Published under Cement NewsWhile the need for infrastructure and housing is considerable in Kazakhstan, lower oil receipts, a depreciating tenge and sluggish global growth conspire against elevated levels of public spending. However, the government has pinned its hopes on foreign investment to meet construction demand as well as expand the cement production base, which in turn will reduce expensive imports. While cement demand growth rates of the past are not expected going forward, Kazakhstan still has a co... |
Vicat02 September 2016, Published under Cement NewsVicat's first-half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. EBITDA improved by 2.3 per cent to EUR208m and the margin advanced from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit advanced by 45.7 per cent to EUR49m. The net debt at the end of the period amounted to EUR1059m and the gearing level dec... |
Vicat's 1H16 results in the USA continue to improve04 August 2016, Published under Cement NewsVicat's first half turnover eased by 0.4 per cent to EUR1237m, which amounts to a 4.3 per cent increase on a comparative basis. The EBITDA improved by 2.3 per cent to EUR208m and the margin improved from 16.3 per cent to 16.8 per cent. The trading profit moved ahead by 11.2 per cent to EUR103m, with the underlying margin improving by 16.5 per cent. The net attributable profit improved by 45.7 per cent to EUR49m, while net debt at the end of the period amounted to EUR1059m and the gearing le... |