Vicat slips on Q1 weakness in emerging markets

Vicat SA

30/04/2025 08:59

** Shares in cement maker Vicat VCTP.PA fall 3.8% as its Q1 sales slip, weighed down by business slowdown in India and Africa

** Vicat's Q1 sales slip 2.7% in published data to 886 million euros ($1.01 billion), with Asia revenues dropping 20.5%and those in Africa by 9.9%

** The company cites "fierce competitive environment" in India, and a "more challenging" competition in Senegal with the entrance of a new player

** Barclays points to a mixed picture in emerging markets, adding India and Turkey were expected areas of weakness, but Senegal is a "soft point"

** YTD, Vicat shares are up by about 35.9%

($1 = 0.8789 euros)

 (Reporting by Piotr Lipinski)

 ((piotr.lipinski@tr.com))