Vicat
Vicat's first-quarter turnover declined by 5.4%, having seen a very strong first quarter in 2011. The cement turnover was off by 4.4% to €255m, with cement shipments declining by 5.6% to 3.79Mt. Turnover in concrete and aggregates declined by 9.8% to €162m as aggregates shipments were down by 14.8% to 4.29Mt and ready-mixed concrete deliveries fell by 16.6% to 1.48Mm³. Other products and services registered a 2.7% increase in turnover to €68m. The lower volumes reflected less favourable weather conditions in Europe and in Turkey as well as weaker demand in Egypt. Net debt at the end of March stood at 48.3% of shareholders' funds.
