2024 first half results
Vicat Group today publishes its H1 2024 results
Commenting this results, Guy Sidos, the Group’s Chairman and CEO declared:
“Performance in the second quarter was in line with the first-quarter trend, with organic growth of close to 5% powered by market dynamics in the United States and emerging markets. In France, the ramp-up in infrastructure projects in the South-East region should partially offset the residential sector weakness affecting activity levels. The Group’s EBITDA margin rose in the first six months thanks notably to performance in the United States and improved cost-price dynamics across almost all markets.
The Group’s three priorities are unchanged:
- restoring margins to above their 2021 levels;
- bringing down net debt in line with our 2025 deleveraging target. As a result, year-end 2024 debt should be below its year-end 2023 level;
- executing our climate roadmap and promoting our decarbonised range of cement and concrete.
Achieving these targets will provide us with greater flexibility, enabling us to continue the development of the increasingly decarbonised Group. I’d like to thank our employees for their unwavering commitment.”
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