While India and France boosted growth in H1 19, they were the largest contributors to the lower performance observed in H1 20. Turkey and Egypt continued to be in the same league. However, cost-cutting initiatives, lower input costs and the strong market in the Americas partly offset the impact. Since Vicat performed better than we expected, we will revise our figures upwards.
03 Aug 2020
H1 20: not bad after all
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H1 20: not bad after all
Vicat SA (VCT:PAR) | 0 0 1.9% | Mkt Cap: 2,972m
- Published:
03 Aug 2020 -
Author:
Sejal Varshney -
Pages:
2
While India and France boosted growth in H1 19, they were the largest contributors to the lower performance observed in H1 20. Turkey and Egypt continued to be in the same league. However, cost-cutting initiatives, lower input costs and the strong market in the Americas partly offset the impact. Since Vicat performed better than we expected, we will revise our figures upwards.