However, revenue growth slowed in the fourth quarter. Indeed, the group’s revenues recorded an increase of 5.9% (+6.2% on a comparable basis), to 178.5 million euros, while the first and second quarters had increased respectively by 32.3% and 43.2%. The third quarter had experienced a decline of 0.8%.
This attenuation at the end of the year is due to an unfavorable base effect due to the post-lockdown catch-up effect linked to the covid-19 health crisis. however, compared to the same period in 2019, Herige’s activity in the last quarter showed an increase of 16.9% (+15.6% at constant scope). And this, despite the tense context on the supply market,
In detail, the Materials trading activity grew by 6.5% in the fourth quarter over one year (+14.6% over two years). The Concrete Industry grew by 26.1% over two years, thanks to a continued increase in volumes in Ready-Mixed Concrete, but posted a drop of 3.5% on a comparable basis compared to 2020. Lastly, La Menuiserie Industrielle grew by 8% over one year and by 19.7% over two years.
Finally, in view of this good level of activity, combined with the deployment of its performance shares, Herige reaffirmed its anticipation of a solid operational performance for the financial year ended December 31, 2021.