Vicat Group has today reported its 2020 first-quarter results.
Commenting on these figures,Guy Sidos, the Group's Chairman and CEO, said: 'The Group's performance over the first quarter of 2020 was solid despite a sharp slowdown at the end of the period in France, India and Italy.
Faced with the sanitary crisis, the Group demonstrated its flexibility and responsiveness by putting in place from the outset protective measures for our colleagues, our clients and our suppliers of the crisis and introducing strong measures to cut costs, increase control of our working capital requirements and reduce our investments in line with the situation.
Industrial and commercial activity was maintained on almost all sites, in line with market evolutions, and this has attenuated the impact of the crisis.
Nevertheless, visibility remains particularly low for the rest of the year, and a significative impact on first-half results and ratios is to be expected from this exceptional situation.'
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Vicat SA published this content on 05 May 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 May 2020 16:13:04 UTC
Vicat specializes in the production and marketing of cement, ready-to-use concrete granulates. Net sales by family of product break down as follows:
- cement (54.7%): 28.8 Mt sold in 2023;
- ready-to-use concrete and aggregates (37.3%): 10 million m3 of ready-to-use concrete and 24.3 Mt of aggregates sold.
The remaining net sales (8%) are from transporting materials and merchandise to large work sites, prefabricated concrete products, and fabrication of building products (glues, coatings, etc.) and paper.
At the end of 2023, the group owns 273 concrete plants, 71 granulate quarries, 16 cement plants, and 5 crushing centers worldwide.
Net sales are distributed geographically as follows: France (30.8%), Europe (10.3%), Americas (24.9%), Asia (12.5%), Mediterranean (11.8%) and Africa (9.7%).