France-based
In a statement, the company said, “The Vicat Group reports solid first half results, marked by resilient margins which stem from the strategic developments of the Performance 2010 plan.
“Performances were mixed by geographic region and by quarter. Indeed the US and Italy are still particularly affected by the economic crisis, while activity levels remain strong in Switzerland, Egypt, West Africa and Turkey. Lastly, in France, after a first quarter characterised by unfavourable weather and a still difficult economic climate, the second quarter was helped by a more favourable trend, sustained by the stimulus plan.
“This solid performance confirms the resilience of the Group's economic model and gives us confidence in our ability to emerge stronger from the current economic crisis."