Vicat: At 1-yr high after consensus beat

Vicat SA

16/02/2021 09:06

** Shares in Vicat  VCTP.PA  rise nearly 4% after the French
cement manufacturer posted on Monday better-than-expected
full-year sales and core earnings  urn:newsml:reuters.com:*:nL8N2KL4EV
    ** The group posted FY revenue of EUR 2.81 bln ($3.41
billion) with EBITDA of EUR 557 mln, which, according to JP
Morgan, beat consensus by 3% and 7%, respectively
    ** For 2021, the company said it expected investments
industrial capital expenditure to be higher than in 2020 at
around EUR 365 million
    ** Vicat also pointed out the decrease in net financial debt
of EUR 88 million to EUR 1.20 billion at end-December
    ** Including today's rise, the stock has gained 19%
year-to-date, reaching its highest level since February 2020
        
($1 = 0.8240 euros)

 ((juliette.portala@thomsonreuters.com))