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The Vicat Group held its Annual General Meeting where all proposed resolutions were approved, including a dividend of €1.65 per share. This decision aligns with the Board of Directors' recommendations.
Additionally, the company's 2022 consolidated sales reached €3.642 billion, with operations spanning twelve countries, including France and the United States. The Vicat Group, founded in 1853, operates primarily in the Cement, Concrete & Aggregates as well as Other Products & Services sectors. Shareholders can expect detailed voting results from the AGM on the company’s website.
Looking ahead, the Vicat Group plans to announce its first-quarter 2023 sales on May 3, 2023, which could provide further insights into the company’s performance.
The Vicat group announced the filing of its 2022 universal registration document with the Autorité des Marchés Financiers on March 17, 2023 (D.23-0103). This document, detailing the company's operations and financials, is accessible on Vicat's website and available upon request. In 2022, Vicat generated consolidated sales of €3.642 billion and employs nearly 9,500 people across its divisions—Cement, Concrete & Aggregates, and Other Products & Services. The Group operates in twelve countries, including France, the United States, and Brazil, continuing an industrial tradition that dates back to 1817.
Vicat reported a 16.6% increase in consolidated sales for 2022, reaching €3,642 million, despite challenges such as rising energy costs and non-recurring industrial expenses. EBITDA declined by 7.9% to €570 million, resulting in a margin of 15.7%, down from 19.8% in 2021. Net income also dropped by 21% to €175 million. The company successfully implemented significant price increases to mitigate inflation impacts while demonstrating solid cash generation and maintaining a robust balance sheet. A dividend of €1.65 per share is proposed, reflecting ongoing shareholder returns amid challenging conditions.
The Vicat group (Euronext Paris: VCT) has released its financial communication schedule for 2023, highlighting key events for stakeholders. Notable dates include the announcement of 2022 full-year sales and results on February 14, the Annual General Meeting on April 7, and updates on 2023 quarterly sales on May 3, July 26, and November 7. With approximately 9,500 employees, Vicat generated €3.123 billion in sales in 2021, operating in twelve countries worldwide.
Vicat reported consolidated sales of €2,697 million for the nine months ending 30 September 2022, marking a 15.7% increase at constant scope and exchange rates compared to the previous year. Strong growth was observed across all regions, particularly in the Mediterranean with a 56.8% rise. Notably, sales in the Americas surged by 27.4% and Asia by 17.6%. The Chairman emphasized resilience amid high inflation and strategic initiatives to enhance industrial performance and reduce environmental impact.
The Vicat Group has revised its fiscal year 2022 outlook due to soaring electricity costs in Europe and the gradual ramp-up of the new Ragland plant in Alabama. The group anticipates EBITDA for 2022 will be lower than in 2021 yet on par with 2020 levels. Profits have been impacted in France and Switzerland due to rising electricity prices, prompting significant price increases in both regions. Despite challenges, the new kiln line in Alabama is expected to enhance production capacity moving forward, while the Kalburgi Cement plant in India has increased capacity to over 10,000 tonnes per day.
Vicat reported a 12.5% increase in consolidated sales for H1 2022, reaching €1,755 million, driven by strong demand and significant price increases across its operational regions. However, profitability has been negatively impacted by rising energy costs and non-recurring industrial expenses, with EBITDA declining 10.4% to €269 million. The net income also fell 13.8% to €88 million. Despite these challenges, cash flows from operations stood at €218 million, maintaining a strong balance sheet. The company continues to adapt through procurement diversification and energy efficiency improvements.
Vicat reported consolidated sales of €789 million for Q1 2022, marking a rise of 12.4% at constant scope and exchange rates. Sales growth was achieved across all regions, with notable increases in the Americas (+27.7%) and Mediterranean (+23.6%). The company faced no direct impact from the Ukraine conflict during this period. Chairman Guy Sidos emphasized the strength of Vicat's market performance despite high comparative figures and highlighted the group's strategies for production efficiency and pricing adjustments in response to the challenging global environment.
The Vicat Group announced the successful outcome of its Combined Annual General Meeting, where all resolutions were adopted. A significant highlight is the increase in the dividend to €1.65 per share, aligning with the Board of Directors' recommendations. The company generated consolidated sales of €3.123 billion in 2021 and operates in twelve countries. Detailed voting results will be available soon on their official website. The next sales report, covering the first quarter of 2021, is set for 4 May 2022.
Vicat Group (Paris:VCT) reported robust financial results for 2021, with consolidated sales increasing by 11.3% to €3,123 million. EBITDA rose by 11.1% to €619 million, reflecting a strong margin of 19.8%.
Net income surged by 29.1% to €222 million, and net income attributable to the Group increased by 30.9% to €204 million. The company also demonstrated solid cash flow generation of €488 million. A proposed dividend of €1.65 per share has been announced, indicating the Group's commitment to shareholder returns amidst dynamic market conditions.
