Vicat Q3 2023 Sales

Commenting this results, Guy Sidos, the Group’s Chairman and CEO declared:

“Vicat achieved strong growth in the third quarter supported by hikes in selling prices across most regions and higher sales volumes, especially in emerging markets. This performance lifted the pace of Vicat’s growth to almost +10% over the first nine months of the year – validating the Group’s strategy of balancing its portfolio across higher-margin developed countries and higher-growth emerging markets. The Ragland plant’s (US) highly efficient new kiln will act as a growth driver for the Group.

This strong momentum leads us to revise upwards our operating profitability target for 2023. The Group’s medium-term priorities remain executing its decarbonation strategy, restoring its profitability ratios to pre-pandemic levels and deleveraging.

I would like to thank our teams for their hard work and commitment to achieving these targets.”