Brief: Vicat FY Ebitda Up 29.8% At EUR 740 Mln

Vicat SA

13/02/2024 17:28

Feb 13 (Reuters) - Vicat SA  VCTP.PA :
    * FY EBITDA OF €740 MILLION THANKS TO A STRONG INCREASE IN
THE
UNITED STATES
    * PROPOSED DIVIDEND OF €2.0 PER SHARE
    * FY NET INCOME GROUP SHARE EUR 258 MILLION VERSUS EUR 156
MILLION
YEAR AGO
    * FY SALES EUR 3.94 BILLION VERSUS EUR 3.64 BILLION YEAR AGO
    * OUTLOOK:  THIS WOULD REPRESENT ANNUAL REVENUE GROWTH OF
AROUND
10%, STILL OUTPERFORMING OUR SECTOR
    * AT 31 DECEMBER 2023, THE GROUP’S FINANCIAL STRUCTURE
REMAINED
SOLID, WITH A STRONG EQUITY BASE AND NET DEBT DOWN €145 MILLION
YEAR-ON-YEAR
    * OUTLOOK: IN 2024, THE GROUP EXPECTS A CONTINUED INCREASE
IN ITS
SALES, SUPPORTED BY GROWTH IN THE UNITED STATES AND THE
RESILIENCE OF EMERGING MARKETS
    * OUTLOOK: EBITDA GENERATED BY THE GROUP IN 2024 SHOULD BE
HIGHER
THAN THE 2023 LEVEL
    * OUTLOOK: IN 2024, THE GROUP’S CAPEX IS LIKELY TO TOTAL
AROUND
€325 MILLION FOLLOWING DELAYS TO INVESTMENTS IN A NEW KILN IN
SENEGAL TO 2024
    * OUTLOOK: THE CUMULATIVE INVESTMENT BUDGET FOR 2023 AND
2024
REMAINS UNCHANGED
    * OUTLOOK: THE GROUP HAS SET A TARGET OF LOWERING ITS
LEVERAGE TO
BELOW 1.3X BY YEAR-END 2025


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