France's Vicat FY revenue up 3.3% on stabilization of cement volumes, Switzerland recovery

Vicat SA

16/02/2026 23:49

Overview

France-based building materials firm's FY 2025 revenue grew 3.3% like-for-like

EBITDA for FY 2025 rose 3.7% like-for-like, driven by growth in key regions

Company reduced net debt by €85 mln, maintaining solid cash flow generation

Outlook

Company targets slight growth in 2026 sales and EBITDA on a like-for-like basis

Vicat expects €290 mln in net capital expenditure for 2026

Company sees gradual recovery in France's residential market from 2026

Result Drivers

CEMENT BUSINESS - Stabilization in France, recovery in Switzerland, and strong growth in the Mediterranean region drove cement sales growth

EXCHANGE RATE IMPACT - Unfavorable exchange rate effects, notably from Turkish lira and Egyptian pound depreciation, impacted reported sales

DECARBONIZATION EFFORTS - Increased use of alternative fuels and progress in carbon capture projects enhanced operational efficiency

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Sales
Meet
EUR 3.85 bln
EUR 3.85 bln (7 Analysts)
FY EBIT
EUR 445 mln
FY EBITDA
EUR 771 mln
FY EBITDA Margin
20.00%
FY Organic Growth
3.30%


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the construction materials peer group is "buy"

Wall Street's median 12-month price target for Vicat SA is €93.50, about 29.1% above its February 13 closing price of €72.40

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release: ID:nGNE3wx61

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)