Brief: Vicat FY EBITDA Up At 619 Million Euros

Vicat SA

15/02/2022 17:25

Feb 15 (Reuters) - Vicat SA  VCTP.PA :
    * FY OPERATIONAL SALES 3.558 BILLION EUR 
    * STRONG INCREASE IN FULL-YEAR RESULTS 
    * FY OPERATING PROFIT 336 MILLION EUR
    * FY NET PROFIT ROSE 31.8 PERCENT TO 222 MILLION EUR
    * VICAT GROUP: FULL-YEAR 2021 RESULTS
    * FY EBITDA EUR 619 MILLION VERSUS EUR 557 MILLION YEAR AGO
    * OVERALL, GROUP'S CONSOLIDATED SALES TOTALLED EUR 3,123
MILLION,
UP FROM EUR 2,805 MILLION IN 2020,
    * GROUP'S CONSOLIDATED EBITDA TOTALLED EUR 619 MILLION IN
2021,
REPRESENTING AN INCREASE OF +11.1% ON A REPORTED BASIS AND OF
+14.5% AT CONSTANT SCOPE AND EXCHANGE RATES.
    * FY CONSOLIDATED NET INCOME GROUP SHARE EUR 222 MILLION
VERSUS
EUR 172 MILLION YEAR AGO
    * FY NET INCOME, GROUP SHARE ROSE TO EUR 204 MILLION, UP BY
+33.3%
AT CONSTANT SCOPE AND EXCHANGE RATES AND +30.9% ON A REPORTED
BASIS.
    * FY CONSOLIDATED SALES EUR 3,123 BILLION VERSUS EUR 2.81
BILLION
YEAR AGO
    * FY CASH FLOW CAME TO EUR 488 MILLION, UP +5.9% ON A
REPORTED
BASIS AND UP +8.9% AT CONSTANT SCOPE AND EXCHANGE RATES
    * OUTLOOK - 2022 CAPITAL EXPENDITURE EXPECTED TO BE HIGHER
THAN
2021 AT AROUND EUR 400 MILLION, INCLUDING 130 MILLION IN
"MAINTENANCE" INVESTMENTS AND 270 MILLION IN "STRATEGIC"
INVESTMENTS
    * FY DYNAMIC MARKETS AND FAVOURABLE PRICING TRENDS
    * FY SOLID CASH GENERATION AND ROBUST BALANCE SHEET
    * EBITDA GENERATED BY GROUP IN 2022 IS LIKELY TO GROW, BUT
NOT BY
AS MUCH AS IN 2021
    * OUTLOOK - EBITDA GENERATED BY GROUP IN 2022 IS LIKELY TO
GROW,
BUT NOT BY AS MUCH AS IN 2021
    * GROUP WILL BE SUPPORTED BY A MACROECONOMIC AND SECTOR
ENVIRONMENT THAT IS EXPECTED TO REMAIN BROADLY FAVOURABLE, WITH
AN ANTICIPATED PRICE HIKE THAT SHOULD HELP OFFSET STEEP RISE IN
ENERGY COSTS, CURRENTLY ESTIMATED AT AROUND 30%.
    * PROPOSED DIVIDEND AT EUR 1.65 PER SHARE

Source text for Eikon:  ID:nBw3MYW8Xa 
Further company coverage:  VCTP.PA 

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