Vicat Q1 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.”