Brief: Vicat Q1 Sales Rise To 911 Million Euros

Vicat SA

29/04/2024 17:11

April 29 (Reuters) - Vicat SA  VCTP.PA :
    * CONFIRMATION OF THE OUTLOOK FOR 2024
    * THE GROUP’S SALES ROSE +1.2% ON A REPORTED BASIS TO €911
MILLION
IN THE FIRST QUARTER.
    * IN 2024, THE GROUP EXPECTS A CONTINUED INCREASE IN ITS
SALES
    * OUTLOOK 2024 : GROUP IS REITERATING EBITDA TREND EXPECTED
OVER 
THE YEAR AS A WHOLE
    * OUTLOOK 2024 : EBITDA GENERATED BY THE GROUP IN 2024
SHOULD BE
HIGHER THAN THE 2023 LEVEL
    * IN 2024, THE GROUP’S CAPEX IS LIKELY TO TOTAL AROUND €325
MILLION
    * HAS SET A TARGET OF LOWERING ITS LEVERAGE TO BELOW 1.3X BY
YEAR-END 2025
    * WEAKNESS OF FRENCH RESIDENTIAL MARKET SHOULD BE GRADUALLY
MITIGATED  THIS YEAR BY RAMP-UP OF INFRASTRUCTURE PROJECTS
AWARDED TO VICAT

Source text: https://tinyurl.com/28dpbf9u
Further company coverage:  VCTP.PA 

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