For the first half of 2012, Vicat posted turnover down 1.5% to €1.13 billion. Ebitda fell 20.8% to €201 million after a slight increase in the second quarter of 2012. Group net profit dropped 43.8% to €51 million. This was partially due to poor weather conditions affecting profitability and to political unrest in Egypt.
For the first half of 2012,
Group net profit dropped 43.8% to €51 million. This was partially due to poor weather conditions affecting profitability and to political unrest in Egypt.
The French construction materials group expects an improved performance in the second half of 2012. That said, its 2012 Ebitda is expected to be slightly lower than its Ebitda in 2011.
