Cement News tagged under: Vicat
Vicat sees strong growth in net profit07 August 2018, Published under Cement NewsVicat's 1H18 turnover improved by 2.7 per cent to EUR1281m, or by 9.6 per cent on a comparative basis. EBITDA advanced by 4.5 per cent to EUR197m, or by 12.3 per cent on a comparative basis, and the margin improved from 15.1 to 15.4 per cent. The trading profit rose by 21.3 per cent to EUR104m, while the net interest charge was EUR1.8m lower at EUR11.1m, giving an attributable profit 47.2 per cent higher at EUR59m. The net debt at the end of the period amounted to EUR895m, an 11 per cent red... |
Bharathi Cement to build two new plants16 July 2018, Published under Cement NewsHyderabad-based Bharathi Cement is aiming to strengthen its presence in western and eastern India with new plants and products, according to The Economic Times. The Indian cement producer is planning two new cement plants in Vizag and Mumbai in the next 2-3 years. “The two plants can cater to the demand in eastern and western parts of the country,” said Ravinder Reddy, Bharathi’s marketing director. He also said the company will next launch an environmentally-friendly composite cement... |
Vicat advances in most areas, other than Egypt and Switzerland03 May 2018, Published under Cement NewsVicat's 1Q18 turnover showed 3.9 per cent improvement to EUR573m, which represents an underlying advance of 10.8 per cent at constant parameters and exchange rates. The cement turnover grew by 2.5 per cent to EUR290m, as cement shipments advanced by 6.5 per cent to 5.21Mt. Before inter-sector eliminations, the cement turnover amounted to EUR342m, a two per cent improvement. The turnover in concrete and aggregates was 2.9 per cent ahead at EUR215m, which represents an underlying recovery of n... |
Vicat enters framework agreements with Andhra Pradesh and Karnataka20 March 2018, Published under Cement NewsDuring the state visit of French President Emmanuel Macron to India, the Vicat Group has entered into two framework agreements with the Indian states of Andhra Pradesh and Karnataka to support them with their economic development. The group has confirmed its long-term interest in the market by announcing plans to double capacity at its Kalburgi cement plant in Karnataka and the construction of a new grinding unit in Andhra Pradesh. “We have seen for ourselves over the past few yea... |
Vicat's 2017 profits lower at pretax, but higher at net level20 February 2018, Published under Cement NewsVicat's turnover improved by 4.5 per cent in 2017 to EUR2563.5m while EBITDA eased by three per cent to EUR444.2m, while at unchanged exchange rates and other parameters the changes would have been +6.4 per cent and -3.4 per cent, respectively. The trading profit declined by 4.1 per cent to EUR247.2m, with the decline at unchanged parameters being 5.9 per cent. The net financial charge was 26.85 per cent or EUR9.9m lower at EUR28.2m and after a reduction in the contribution from associate... |
Vicat enters EUR1.3m ARM venture with Serpol11 January 2018, Published under Cement NewsVicat and Serpol have entered a EUR1.3m joint venture, Terenvie, to treat oil-polluted soil and turn it to cleaned, mineral-rich land. This source of silica or clay can then be used as “a partial replacement (five per cent) of quarry materials, to save natural resources without impacting the quality of the cement, perfectly standardised,” said Stéphane Rutkowski, manager at Vicat. Earthworks produce around 5Mta of oil-polluted soil at the sites of former service stations, oil depots or ac... |
Vicat reports 4% growth in consolidated 9M17 sales07 November 2017, Published under Cement NewsVicat’s 9M17 sales reached EUR1.92bn (USD2.22bn) versus EUR1.87bn a year earlier, reflecting a 4 per cent rise at constant scope and exchange rates. On a reported basis, the group’s sales rose 2.9 per cent compared with the same period of 2016. These results were supported by a 4 per cent pick-up in sales at constant scope across all Vicat’s regions, except for West Africa. The negative currency effect was -4 per cent, predominantly a result of the depreciation in the Egyptian pound and Tu... |
Vicat suffers from currency weakness in several countries04 August 2017, Published under Cement NewsVicat's first half turnover edged ahead by 0.8 per cent to EUR1248m, or by 0.9 per cent on a comparative basis, but the EBITDA declined by 8.7 per cent to EUR188m and the margin declined from 16.7 per cent to 15.1 per cent. The trading profit came off by 16.2 per cent to EUR86m, while the net interest charge was 29.9 per cent lower at EUR12.9m, giving a attributable profit 17 per cent lower at EUR40m. Net debt at the end of the period amounted to EUR1006m, a five per cent reduction, and th... |
Vicat expects improved Europe, US, India and west African markets03 May 2017, Published under Cement NewsVicat's first-quarter turnover eased by 0.5 per cent to EUR551m, which represents an underlying advance of 1.4 per cent. The cement turnover declined by three per cent to EUR283m, as cement shipments advanced by 1.2 per cent to 4.89Mt. Before inter-sector eliminations, the cement turnover amounted to EUR335m. The turnover in concrete and aggregates was three per cent ahead at EUR204m, which represents an underlying decline of 2.5 per cent, as aggregates shipments rose by 3.7 per cent to 5... |
Vicat02 March 2017, Published under Cement NewsVicat’s turnover eased by 0.2 per cent in 2016 to EUR2453.8m while EBITDA was up by the 3.2 per cent to EUR458m, while at unchanged exchange rates and other parameters there would have been increases of 4.1 per cent and eight per cent, respectively. The trading profit improved by five per cent to EUR258m, with the increase at unchanged parameters being 9.6 per cent. The net financial charge was EUR10.1m lower at EUR38.1m and after an increase in the contribution from associates from EUR4.9m ... |