Vicat posted significant business growth in Turkey and the US, excluding currency effects. The gradual recovery continued in France, and India was boosted by the start-up of new infrastructure projects. The group’s business trends in Egypt were hampered by the military operations underway to restore security in its production area. Following this earnings release, we will rework our model. We don’t expect a change in the recommendation.
10 May 2018
Q1 18: solid Indian top-line growth, but price decrease a negative
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Q1 18: solid Indian top-line growth, but price decrease a negative
Vicat SA (VCT:PAR) | 0 0 1.9% | Mkt Cap: 2,972m
- Published:
10 May 2018 -
Author:
Felix Brunotte -
Pages:
3
Vicat posted significant business growth in Turkey and the US, excluding currency effects. The gradual recovery continued in France, and India was boosted by the start-up of new infrastructure projects. The group’s business trends in Egypt were hampered by the military operations underway to restore security in its production area. Following this earnings release, we will rework our model. We don’t expect a change in the recommendation.