2024 FY results
Vicat Group has published today its Full Year 2024 results
Commenting this results, Guy Sidos, the Group’s Chairman and CEO declared:
"In a deteriorated environment in Europe, the Group has delivered historic results that testify to the robustness of the Vicat model and the commitment of our teams. Strong growth in the United States, the resilience of Europe in a particularly deteriorated environment and progress in the Mediterranean region have all contributed to returning the EBITDA margin rate to the level of 2021. In line with what we had announced, the Group has formulated 3 new priorities towards 2027:
- Maintain EBITDA margin above 20% over the period;
- Continue to reduce the Group's debt in line with our new leverage target of below 1.0x by 2027;
- Accelerate the implementation of the climate roadmap and the promotion of low-carbon solutions.
I am confident that 2025 will be another successful year for Vicat, thanks to continued momentum in the United States, stabilization in Europe at the end of the year, the integration of VPI/Cermix and first contribution from our investment in Senegal.”
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