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Vicat

2020 Consolidated nine month sales

3 November 2020

Vicat Group has today reported its 2020 consolidated nine month sales.

Commenting on these figures, Guy Sidos, the Group’s Chairman and CEO said: The Vicat group’s performance over the first nine months of 2020 demonstrated its resilience and its tremendous ability to seize growth opportunities arising in its markets.

The impact of COVID on the Group's operating profitability was eliminated by the end of July. The good momentum observed since then, particularly in the Group's most recent operations in India and Brazil, lead to envisage that the Group's operating profitability may increase significantly at constant scope and exchange rates in 2020. Nevertheless, the Group is continuing its efforts to reduce its structural costs, symbolised by the relocation on 1 October of its head office to l’Isle d'Abeau in Isère.

Balance sheet liquidity was strengthened by the early renewal of credit lines on excellent terms.

Against this backdrop, the Group is continuing its technological and financial efforts to successfully accelerate its ecological and digital transition and offer its customers its low carbon products under the DECA label, launched in October on its Ready Mix Concrete business in France.

The Group's governance has been strengthened by the appointment of a second Chief Operating Officer, Lukas Epple, Director of Strategy, and two new Deputy CEO, Hugues Chomel, Chief Financial Officer, and Christophe Bérenger, Director of Human Resources".

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