Brief: Vicat H1 EBITDA Up At 353 Million Euros

Vicat SA

25/07/2024 17:13

July 25 (Reuters) - Vicat SA  VCTP.PA :
    * H1 EBITDA MARGIN 18.2%
    * H1 SALES EUR 1,937 MILLION
    * H1 ORGANIC GROWTH 4.8%
    * H1 EBITDA AT EUR 353 MLN
    * NET INCOME GROUP SHARE EUR 104 MILLION
    * CAPITAL EXPENDITURE DISBURSED (NET OF DISPOSALS) TOTALLED €186 MILLION IN
THE
FIRST SIX MONTHS OF 2024
    * IN 2024, THE GROUP EXPECTS LIMITED GROWTH IN ITS SALES, SUPPORTED BY
INCREASE IN
THE U.S. AND RESILIENCE OF EMERGING MARKETS, TAKING INTO ACCOUNT RESIDENTIAL
SECTOR’S WEAKNESS IN EUROPE
    * THE GROUP HAS ADJUSTED ITS FULL-YEAR EBITDA TARGET BASED ON PERFORMANCE IN
THE
FIRST HALF OF THE YEAR AND IS NOW TARGETING AN INCREASE IN 2024 EBITDA OF
BETWEEN +3% AND +8%
    * IN 2024, THE GROUP’S CAPITAL EXPENDITURE DISBURSED IS LIKELY TO TOTAL
AROUND
€325 MILLION
    * THE GROUP HAS SET A TARGET OF LOWERING ITS LEVERAGE RATIO TO BELOW 1.7X BY
YEAR-END 2024 AND HAS CONFIRMED ITS MEDIUM-TERM OBJECTIVE OF BELOW 1.3X BY 2025

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 (Reporting by Gdansk Newsroom)
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