The Vicat group has reported full-year 2015 sales of €2458 million, up +1.5% compared with the previous year. At constant scope and exchange rates, the Group’s sales fell by -4.4% compared with 2014. In the fourth quarter, sales were stable (-0.1%) on a reported basis and slightly down (-1.6%) at constant scope and exchange rates.
Commenting on these figures, the Group’s Chairman and CEO said: “The sales growth achieved by the Vicat group in 2015 again reflected a contrasting picture from one region to another. Business momentum in the United States and Asia helped to offset the impact of a more challenging macroeconomic and competitive environment in West Africa and the Middle East, as well as in Europe.
Notably, the Group’s activity returned to growth in France in the fourth quarter, helped by a positive weather effect and a stabilising industry environment. Against this backdrop, Vicat remains focused on its objectives of maximising its cash flow and reducing its debt, while leveraging the efficiency of its manufacturing facilities, its geographical diversification and its strong positions in its local markets.”
Adapted from press release by Joseph Green
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