Brief: Vicat 9-Month Consolidated Sales Up At EUR 2.70 Bln

Vicat SA

07/11/2022 17:16

Nov 7 (Reuters) - VICAT SA  VCTP.PA :
    * CONSOLIDATED SALES OF EUR 2,697 MILLION IN NINE MONTHS TO
30
SEPTEMBER 2022, UP +15.7% AT CONSTANT SCOPE AND EXCHANGE RATES
    * SOLID SALES GROWTH IN ALL REGIONS, SUPPORTED BY A STRONG
RISE IN
SELLING PRICES
    * GROUP'S EBITDA IN 2022 IS EXPECTED TO BE LOWER THAN IN
2021 AND
TO BE AT LEAST EQUAL TO THAT GENERATED IN 2020
    * UPDATE OF ITS OUTLOOK TAKES INTO ACCOUNT RECENT BUSINESS
DEVELOPMENTS, PARTICULARLY VERY SHARP RISE IN ELECTRICITY COSTS
IN EUROPE AND PROGRESSIVE RAMP-UP OF NEW RAGLAND PLANT IN
ALABAMA
    * CAPITAL EXPENDITURE IN 2022 IS EXPECTED TO BE EUR 400
MILLION
    * GROUP WILL PAY PARTICULAR ATTENTION TO REDUCING ITS
CAPITAL
EXPENDITURE FROM 2023 ONWARDS, A TREND THAT WILL ACCELERATE IN
2024, TO TAKE ACCOUNT OF THIS NEW ENVIRONMENT, IN LINE WITH ITS
DEBT REDUCTION OBJECTIVES

Source text for Eikon:  ID:nBw8bGzsha 
Further company coverage:  VCTP.PA 
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