France: Vicat’s sales in Turkey, the US and Kazakhstan have driven its growth in the first quarter of 2018. Its sales revenue for its cement business rose by 10.9% year-on-year at constant scope and exchange rates to Euro290m in the first quarter of 2018. Its cement sales volumes rose by 6.5% to 5.2Mt from 4.9Mt.
“We posted significant business growth in Turkey, the US and Kazakhstan, excluding currency effects. The gradual recovery continued in France and India was boosted by the start-up of new infrastructure projects. Conversely, we recorded a business contraction in Switzerland during the first quarter as a result of adverse weather conditions, especially in March 2018, and the completion of a number of major projects. The group’s business trends in Egypt were hampered by the military operations underway to restore security in its production area,” said group chairman and chief executive officer (CEO) Guy Sidos.
