Brief: Vicat Q1 Consolidated Sales Up At 707 Million Euros

Vicat SA

05/05/2021 17:08

May 5 (Reuters) - VICAT SA  VCTP.PA :
    * FIRST-QUARTER 2021 SALES
    * FIRST-QUARTER 2021 CONSOLIDATED SALES OF EUR 707 MILLION,
UP
+22.1% AT CONSTANT SCOPE AND EXCHANGE RATES
    * IN 2021, MACROECONOMIC CONDITIONS IN ALL OF THE COUNTRIES
WHERE
THE GROUP OPERATES ARE STILL LIKELY TO BE AFFECTED BY THE
COVID-19
    * UNFAVOURABLE EXCHANGE RATE TRENDS RECORDED IN 2020 WILL
HAVE A
NEGATIVE IMPACT ON 2021 AS A WHOLE
    * WISHES TO REITERATE THAT ITS CURRENCY RISK IS
PREDOMINANTLY A
CURRENCY TRANSLATION RISK
    * ENERGY COSTS ARE EXPECTED TO RISE, LEADING TO A MORE
LIMITED
IMPACT ON THE FIRST HALF, BUT A LARGER ONE IN THE SECOND HALF
    * EXPECTS TO REAP THE BENEFIT OF A FAVOURABLE BASE OF
COMPARISON
IN THE FIRST SIX MONTHS OWING TO THE PANDEMIC’S MAJOR IMPACT IN
THE SAME PERIOD OF 2020, ESPECIALLY IN FRANCE, INDIA AND ITALY
    * GIVEN THE REBOUND IN ACTIVITY AND CATCH-UP EFFECT IN THESE
COUNTRIES DURING THE THIRD QUARTER OF 2020, COMPARISONS AGAINST
THE THIRD QUARTER ARE LIKELY TO BE UNFAVOURABLE IN 2021
    * 2021 INVESTMENTS INDUSTRIAL CAPEX ARE EXPECTED TO BE
HIGHER THAN
IN 2020 AT AROUND €365 MILLION
    * EXPECTS SOLID GROWTH IN ITS FIRST-HALF EBITDA AND AN
INCREASE AT
CONSTANT SCOPE AND EXCHANGE RATES OVER THE FULL YEAR

Source text for Eikon:  ID:nBw1s0twMa 
Further company coverage:  VCTP.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00 ;))