Vicat Q3 2025 Trading update

Commenting this release, Guy Sidos, the Group’s Chairman and CEO declared: 

"The Group posted accelerating organic growth over the quarter, bringing growth since the beginning of the year to nearly 2%. This performance was driven by a stabilization of business in France, a recovery in Switzerland, and favorable momentum in Egypt, Turkey, and Brazil. It illustrates the strength of our model, which is based on a balance between developed and emerging countries. I would like to congratulate all our teams for this performance, in a context where visibility remains limited. Our new kiln in Senegal is ramping up production. It will be a significant driver of operational growth in the coming years, generating significant cost savings while improving our carbon footprint. Our VAIA CCS¹ project has been selected by the European Innovation Fund program. This decision is an important first step in the financing of this major decarbonization project for our Montalieu plant in France. The Group's priority remains debt reduction. Although cash generation is solid, working capital requirements are under control and CAPEX is in line with the target set, the negative impact of currency effects and certain non-recurring items has led us to adjust our leverage target for 2025, while firmly maintaining our trajectory towards a strengthened financial structure with a target financial leverage ratio of less than 1.0x by the end of 2027.”