In a nutshell, France surprised positively, while India continued to disappoint on the volume side. The rebound in Egypt is a result of a low comparison basis, while Turkey’s collapse is continuing to deteriorate the group’s financial figures. As a result of the strong guidance, we will leave our net income forecast unchanged, as we believe other analysts will increase their forecasts from FY19 onwards to converge towards our net income figure.

07 May 2019
Q1 19: steady trading update with volatile conditions in emerging markets

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Q1 19: steady trading update with volatile conditions in emerging markets
Vicat SA (VCT:PAR) | 0 0 1.9% | Mkt Cap: 2,972m
- Published:
07 May 2019 -
Author:
Felix Brunotte -
Pages:
3 -
In a nutshell, France surprised positively, while India continued to disappoint on the volume side. The rebound in Egypt is a result of a low comparison basis, while Turkey’s collapse is continuing to deteriorate the group’s financial figures. As a result of the strong guidance, we will leave our net income forecast unchanged, as we believe other analysts will increase their forecasts from FY19 onwards to converge towards our net income figure.