(CercleFinance.com) – Vicat publishes a turnover of 1,048 ME in the 3rd quarter, up 11.2% in published data, and +26.8% at comparable scope and exchange rates.
Business is growing in all regions of the world, supported by the increase in sales prices and the increase in cement volumes.
In 2023, the Group expects a continued increase in its turnover supported by markets which should, on the whole, prove resilient and by the full effect of the increases in sales prices recorded in 2022 and the new increases passed in 2023.
Vicat estimates that the 2023 financial year will also benefit from the full effect of the new Ragland furnace (USA), the disappearance of non-recurring costs occurring in 2022 and the stabilization of energy costs.
‘On these bases, the EBITDA generated by the Group in 2023 is expected to be at least equal to 700 million euros,’ indicates the company.
During the 2023 and 2024 financial years, the Group will reduce its investment efforts, which should be around 350 million in 2023 and fall again in 2024.