Brief: Vicat Q1 Consolidated Sales Up At 789 Million Euros

Vicat SA

04/05/2022 16:55

May 4 (Reuters) - Vicat SA  VCTP.PA :
    * FIRST-QUARTER 2022 CONSOLIDATED SALES OF €789 MILLION, UP
+12.4%
AT CONSTANT SCOPE AND EXCHANGE RATES
    * SOLID SALES GROWTH IN ALL REGIONS
    * IN 2022, THE GROUP ANTICIPATES A STRONG INCREASE IN ITS
SALES
UNDERPINNED BY AN INCREASE IN ITS ACTIVITY LEVELS  AND A SHARP
PROGRESSION IN SELLING PRICES
    * HIGHER SELLING PRICES, IN LINE WITH THE GROUP’S
EXPECTATIONS
    * EBITDA GENERATED BY THE GROUP IN 2022 IS LIKELY TO GROW,
BUT NOT
BY  AS MUCH AS IN 2021
    * THE GROUP EXPECTS EROSION IN ITS EBITDA MARGIN IN 2022.
    * ACCORDINGLY, CAPITAL EXPENDITURE IS EXPECTED TO BE HIGHER
THAN
IN 2021 AT AROUND €400 MILLION, INCLUDING 130  MILLION IN
"MAINTENANCE" INVESTMENTS AND 270 MILLION IN "STRATEGIC"
INVESTMENTS
    * RESERVES THE  RIGHT TO ADJUST ITS INVESTMENT PLANS, BY
REDUCING,
IF NECESSARY, THE PROPORTION OF ITS “GROWTH” CAPEX, TO MATCH 
THE SHIFTING TRENDS IN ITS MARKETS AND ITS CASH-FLOW GENERATION
    * END-MARCH NET DEBT WAS €1,546 MILLION, VERSUS €1,270
MILLION AT
31 MARCH 2021
    * DOES NOT HAVE ANY INDUSTRIAL OR COMMERCIAL OPERATIONS IN
UKRAINE
OR RUSSIA
    * NO  GROUP ASSETS AND NO EMPLOYEES HAVE BEEN DIRECTLY
IMPACTED BY
THE CURRENT RUSSIA-UKRAINE CONFLICT
    * THE CONFLICT IS LIKELY TO AFFECT GROWTH IN EUROPE AND
WORLDWIDE,
AND THUS THE GROUP’S OPERATIONS IN POTENTIALLY EXPOSED COUNTRIES


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