(Boursier.com) — For the first three months of the 2023 financial year, the Group Herige recorded revenue of 227.1 million euros, up +17.2% (+6.2% on a like-for-like basis) compared to the same period of the 2022 financial year. year reflects a contrasting environment between a marked drop in new construction and a steady renovation.
Industrial Joinery posted growth of +51% (+14.3% on a like-for-like basis), integrating the last 3 acquisitions. The business benefited from demand from renovation-oriented channels.
The Concrete Industry posted growth of +14.6% (+5.6% on a like-for-like basis), benefiting from the integration of ready-mixed concrete plants on the Aquitaine platform (Audoin & Yarns) and a good orientation of ready-mixed concrete in terms of volumes and price effect. Materials trading posted a limited increase of 0.8%, mainly driven by a price effect and a good performance in Public Works activities.
Prospects displayed
Despite an increasingly complex environment, Herige intends to rely on its ‘know-how’, its organization and its optimized operational performance model, to support profitable and sustainable growth based on an offer in line with energy and decarbonization challenges. .
Portzamparc remains cautious on H2 volumes but multiples are still attractive (EV/Sales 2023 of 0.3X). What to stay in the purchase on the file by aiming for a course of 53 euros.
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