Vicat Group has today published its first quarter 2024 Sales
Commenting this results,Guy Sidos, the Group's Chairman and CEO declared:
"The Vicat Group enters 2024 with organic growth of nearly 8%, driven by dynamic markets in the United States and emerging countries. The weakness of the French residential market should be gradually mitigated this year by the ramp-up of infrastructure projects awarded to the Vicat Group.
This strong performance in the first quarter enables us to confirm our full-year outlook for growth in sales and operating profitability.
As previously announced, the 'From Low Carbon to Zero Carbon' initiative is taking shape with the progress of our two ultimate decarbonisation projects in Montalieu, France, where discussions with stakeholders are progressing and technological choices are becoming clearer, and in Lebec, California, where the CCS project has been selected under the IRA for subsidies of up to $500 million, in addition to tax credits, which could exceed $1 billion over twelve years."
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29 April 2024 and is solely responsible for the information contained therein. Distributed by
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29 April 2024 16:09:37 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%).
VICAT 
