2023 FY results
Vicat Group today publishes its FY 2023 results
Commenting this results, Guy Sidos, the Group’s Chairman and CEO declared:
“Vicat’s strong results in 2023 and the prospects hence raised are a testament to the effectiveness of its development model. The Group has achieved the highest EBITDA in its history; a performance driven by the ramp-up in the Ragland plant in the United States and the success of our commercial strategy in our various markets. I’d like to congratulate all our teams for their hard work and their contribution to this fine performance in 2023. Trends in emerging markets also improved over the course of the year, especially in Brazil and Turkey, where our profitability advanced significantly. Nonetheless, the Group’s margins have not yet returned to their pre-crisis levels.
Despite a slowdown in Europe, Vicat should achieve further growth in 2024, leveraging its performance in the United States and the opportunities in emerging markets.
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