France's Vicat Q1 sales rise, flags geopolitical uncertainties

Vicat SA

04/05/2026 17:12

Overview

France building materials group's Q1 sales rose 8.5% like-for-like, up 4.1% reported

Company saw stabilization in Europe, U.S. recovery, and strong growth in emerging markets

Unfavorable FX effects weighed on Q1 results, mainly from weaker USD, TRY, EGP, and INR

Outlook

Vicat confirms 2026 targets of slight sales and EBITDA growth on a like-for-like basis

Company expects net capital expenditure of around €290 mln in 2026

Vicat says persistent geopolitical uncertainties may impact energy costs and results

Result Drivers

PRICE INCREASES - Price hikes in Europe, especially France, offset higher energy and CO2 costs despite lower volumes

VOLUME REBOUND - U.S. cement volumes rebounded, especially in California, due to favorable base effect and improved non-residential demand

EMERGING MARKET GROWTH - Strong volume and price growth in Turkey, India, and Africa, with Turkey and India benefiting from robust demand and price increases to offset inflation and energy costs

Company press release: ID:nGNE2xRtsz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 922 mln


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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.)