Vicat’s sales, earnings and net income rise in 2020 Written by Global Cement staff
16 February 2021
France: Vicat recorded full-year consolidated sales of Euro2.81bn in 2020, up by 2% year-on-year from Euro2.74bn in 2019. Earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 6% to Euro557m from Euro526m. Consolidated net income rose by 8% to Euro172m from Euro160m.
The group said that organic sales were ‘strong,’ rising in all regions except in France, by 6% in total. It attributed the decline to a near-total shutdown due to the coronavirus outbreak in mid-March 2020, which lifted incrementally throughout the first half of the year. Vicat France’s cement business recovered ‘robustly’ in the second half of 2020, resulting in an operational sales increase of 3% for the year. Full stoppages of activity lasted for 33 days in India and for 30 days in Italy. Despite these challenges, busines
Vicat: 2020 Results
Sales growth of +5.5% at constant scope and exchange rates
Increase in operational profitability: EBITDA up +10.1% and EBIT up +17.5% at constant scope and exchange rates
Decrease in net financial debt of -€88 million to €1,202 million and leverage ratio at 2.16x vs. 2.45x at 31 December 2019
Audited condensed consolidated income statement:
(€ million) EBIT: EBITDA less net depreciation, amortisation and provisions on ongoing business. Leverage ratio: net debt/consolidated EBITDA
Commenting on these figures,
Guy Sidos, the Group s Chairman and CEO said: Thanks to our employees tremendous efforts and commitment, the Vicat group strengthened its position amid the unprecedented current pandemic situation. Our resilience and flexibility allowed us to make organizational changes in order to reconcile our competing imperatives of keeping everyone safe and healthy, unlocking savings and making rapid adjustments, such as relocating our Par
National Cement Company of Alabama installs new 5000t/day clinker line at Ragland cement plant Written by Global Cement staff
11 February 2021
US: France-based Vicat subsidiary National Cement Company of Alabama has completed the installation of a new 5000t/day clinker line at its Ragland, Alabama cement plant. The line has a raw meal capacity of 13,000t.
Vicat engineering senior vice president Jean-Claude Brocheton congratulated the installation team on the ‘major step’ and on completing the work ahead of schedule. Last modified on 17 February 2021
Vicat part of Genvia joint venture for hydrogen production Written by Global Cement staff
13 January 2021
France: Vicat has joined US-based Schlumberger New Energy, clean energy specialist CEA, Vinci Construction and the Occitan Regional Agency of Energy and Climate (AREC) in a hydrogen production technology joint venture called Genvia. The partnership will establish a ‘gigafactory’ at which to develop high-temperature reversible solid oxide electrolyser technology. The gigafactory will be situated in Béziers, Occitan. Deployment will take place via CEA’s Grenoble, Auvergne-Rhône-Alpes site.
“We are very pleased to be working alongside such experienced and strong partners as we strive to develop technologies that enable decarbonisation,” said François Jacq, chairman of the CEA. “Together, building on a set of technologies developed by the CEA over the last decade, we have ambitious growth plans for a technology
Schlumberger
Schlumberger New Energy, the CEA and Partners Announce European Commission Approval for the Formation of Genvia, a Clean Hydrogen Production Technology Venture
Tuesday, January 12, 2021 3:00PM IST (9:30AM GMT)
The Genvia venture will focus on the development and industrial deployment of a game-changing electrolyzer technology for clean hydrogen production
PARIS, France:
Schlumberger New Energy, the CEA and Partners announced today the European Commission’s approval for the formation of Genvia, a clean hydrogen production technology venture. In a unique private-public partnership model, Genvia combines the expertise and experience of Schlumberger and the CEA with VINCI Construction, Vicat, and the investment vehicle of the French Occitanie Region, l’Agence Régionale de l’Energie et du Climat (AREC).