Vicat falls on higher-than-expected debt, prudent guidance

Vicat SA

17/02/2026 08:57

** Shares in Vicat VCTP.PA fall 4.5% as the market reacts to unimpressive FY results, including missed debt targets

** The France-based cement maker posts a 1.6% decrease in FY reported EBITDA to EUR 771 mln ($912.17 mln)

** Its leverage ratio of 1.49x is higher than the "above 1.3x" in an already downgraded guidance it provided in November

** The market is correcting on the higher-than-anticipated debt, prudent guidance and weakness in North America worsened by unfavourable exchange rates, a Paris-based analyst says

** Vicat guides for slight LFL increase in revenue and EBITDA in 2026

** Profit-taking is also a factor, the analyst adds

** The stock more than doubled in value last year

** Including Tuesday's drop, it has lost about 7.8% YTD

($1 = 0.8452 euros)

(Reporting by Alessandro Parodi)

((Alessandro.Parodi@thomsonreuters.com;))