Vicat’s 2023 first half results

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

“The Vicat Group recorded a solid set of first-half 2023 results. Demand for cement remained broadly favourable across all our markets, with pricing levels offsetting the cumulative effects of cost inflation, especially higher energy prices. Profitability moved higher in line with our expectations, with the ramp-up in the Ragland plant’s new kiln in the United States, which will continue during the second half. However, the Group has not yet returned to its pre-crisis margins rates.

I’d like to thank all our teams for their unwavering commitment enabling us to reach our industrial, financial and climate targets. The Group has reduced its specific carbon emissions by 3.6% from the level of 591 kg CO2 net per tonne of cement equivalent of a year ago and is on pace to reach its climate roadmap goal of 497 kg CO2 net per tonne of cement equivalent by 2030.”