First half 2019 results

Commenting on these figures, Guy Sidos, the Group’s Chairman and CEO, said: “In the first half of 2019, solid performances in France, Asia and the United States (excluding the non-recurrence of the settlement payment booked in the first half of 2018) drove an increase in our sales and EBITDA. These results reflect a marked improvement in the operational profitability given the ongoing increase in consumed energy costs, the deteriorating macroeconomic situation in Turkey and the exceptional rainfalls in California that we experienced in the first half.

On this basis, given the expected decline in energy costs in the second half, Vicat Group expects a marked improvement in its EBITDA and an increase in net income over the full year.”