Investors
Key figures
Turnover in millions €
The consolidated turnover for the year, compared to 2009, was up by 6.2%, or by 0.3% at consolidation limits and constant exchange rates.
EBITDA
Compared to 2009, the Group's consolidated EBITDA was € 504 million, an increase by 6.6%, or 2.3% at consolidation limits and constant exchange rates.
The EBITDA margin was fixed at 25% compared to 24.9% for the year 2009. This limited decline demonstrates the Group's ability to adapt to difficult economic conditions.
Net income in millions €
Consolidated net income went up to € 264 million, an increase by 8.6% at consolidation limits and constant exchange rates. Net margin was 13.1% of consolidated turnover, compared to 12.3% in 2009.
Self-financing capabilities
Self-financing capabilities remain high at € 409 million. This has generated free cash flow after the Group made industrial investments of € 99 million.
Workforce
The Group's average number of employees by business segment for the year 2010 is: 2,902 (Cement); 2,717 (Concrete and Aggregates), and 1,421 (Other Products and Services).
Investments in millions €
2010 investments were highlighted by the development of greenfield projects, with industrial investments totaling € 335 million.
Consolidated share capital increased to € 2,557 million as of the 31st of December 2010 compared to € 2,082 million as of the 31st of December 2009, reflecting the Group's healthy financial situation.
Net assets in millions €
Debt on net assets
The debt ratio (gearing ratio) was at 39.0% as of the 31st of December 2010, after taking a 51% shareholding in Bharathi Cement in India.
Turnover by geographical areas
The Group achieved more than 59% of its consolidated turnover in countries outside France.
In the context of an uneven economic situation, Vicat's business activities slightly declined in France and in Europe and a bit more in the United States at consolidation limits and constant exchange rates. The reverse trend was witnessed in Africa, in the Middle East and in Turkey where Vicat's consolidated turnover increased, compared to 2009, at consolidation limits and constant exchange rates.
Consolidated turnover by activity
The Group's core businesses - Cement, Concrete and Aggregates - remained stable in 2010, at more than 86% of its consolidated turnover; a major increase however was noted in its Cement activities which at that time represented more than 50% of its consolidated turnover.