Brief: Vicat FY EBITDA Down At €570 Million

Vicat SA

14/02/2023 17:15

Feb 14 (Reuters) - Vicat SA  VCTP.PA :
    * PROPOSED DIVIDEND AT €1.65 PER SHARE
    * FY NET INCOME GROUP SHARE EUR 156 MILLION VERSUS EUR 204
MILLION
YEAR AGO
    * FY CONSOLIDATED SALES TOTALED €3,642 MILLION, UP FROM
€3,123
MILLION IN 2021
    * CONSOLIDATED EBITDA CAME TO €570 MILLION IN 2022, DOWN
–7.9% ON
A REPORTED BASIS AND DOWN –5.9% AT CONSTANT SCOPE AND EXCHANGE
RATES
    * IN 2023, THE GROUP IS TARGETING FURTHER SIGNIFICANT SALES
GROWTH
    * END-FY CASH FLOW FROM OPERATIONS CAME TO €461 MILLION,
DOWN
–5.5% ON A REPORTED BASIS AND DOWN –6.0% AT CONSTANT SCOPE AND
EXCHANGE RATES
    * IN 2023, ENERGY COSTS ARE EXPECTED TO STABILISE
PROGRESSIVELY AT
LEVELS ABOVE THOSE SEEN IN 2022
    * GROUP’S 2023 EBITDA IS EXPECTED TO RISE TOWARDS A LEVEL AT
LEAST
EQUIVALENT TO THAT RECORDED IN 2021
    * GROUP PLANS TO SCALE BACK ITS CAPITAL EXPENDITURE OUTLAYS
TO
AROUND €350 MILLION IN 2023 FOLLOWED BY ANOTHER REDUCTION IN
2024

Source text for Eikon: [ID: nBw2YH0GLa]
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