Vicat: NI up over 5% in 2024
(CercleFinance.com) - Vicat reports a 5.
5% increase in net income (group share) (+11.9% LFL) to E273m for 2024, as well as a 5.9% increase in EBITDA to E783m (+10.1% on an organic basis), representing a 1.4-point margin increase to 20.2%.
The building materials group's sales fell by 1.3% as reported to E3.88bn, but rose by 2.3% on an organic basis, with a good performance in the US and despite a difficult environment in Europe.
After paying a dividend that is up 21% to E2 per share for 2023, the Board of Directors will propose a dividend at the same level to the next AGM, implying a yield of almost 5%.
Vicat's targets for 2025 include LFL sales growth, low single-digit EBITDA growth, and financial leverage (net debt/EBITDA) of 1.3x by end-2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
5% increase in net income (group share) (+11.9% LFL) to E273m for 2024, as well as a 5.9% increase in EBITDA to E783m (+10.1% on an organic basis), representing a 1.4-point margin increase to 20.2%.
The building materials group's sales fell by 1.3% as reported to E3.88bn, but rose by 2.3% on an organic basis, with a good performance in the US and despite a difficult environment in Europe.
After paying a dividend that is up 21% to E2 per share for 2023, the Board of Directors will propose a dividend at the same level to the next AGM, implying a yield of almost 5%.
Vicat's targets for 2025 include LFL sales growth, low single-digit EBITDA growth, and financial leverage (net debt/EBITDA) of 1.3x by end-2025.
Copyright (c) 2025 CercleFinance.com. All rights reserved.