2019, another year of growth: 2.8%
French GAAP – € million Consolidated turnover |
2019(1) | 2018 Reported under IFRS |
2018 Restated under French GAAP |
% change Under French GAAP |
|
Current | Like-for-like(2) | ||||
1st quarter | 154.0 | 140.2 | 147.8 | +4.2% | +5.1% |
2nd quarter | 171.8 | 154.2 | 162.8 | +5.5% | +4.8% |
3rd quarter | 143.7 | 127.8 | 137.7 | +4.4% | +3.8% |
4th quarter | 152.6 | 148.6 | 156.7 | -2.6% | -3.1% |
TOTAL | 622.1 | 570.7 | 605.1 | +2.8% | +2.6% |
Building Materials Trading | 350.4 | 356.3 | 352.5 | -0.6% | +1.2% |
Concrete Industry | 103.2 | 83.9 | 87.0 | +18.7% | +11.1% |
Industrial Joinery | 140.5 | 142.4 | 145.7 | -3.6% | -2.7% |
Other | 59.3 | 25.5 | 56.2 | +5.6% | +5.8% |
Inter-segment eliminations | (31.3) | (37.4) | (36.2) | - | - |
Slight downturn in the fourth quarter
HERIGE posted turnover of €152.6 million in the fourth quarter of 2019, down a slight 3.1% like-for-like on the same period in 2018. After a strong performance over the first nine months of the year, business was impacted in the fourth quarter by complex weather conditions in October and a negative calendar effect. As a result, turnover for Building Materials Trading edged back by 1.9%, the Concrete Industry business by 5.2% – penalized by an unfavorable basis of comparison (+16.1% growth in 2018) – and the Industrial Joinery business by 5.0%.
HERIGE reported full-year growth of 2.8% in 2019 (2.6% like-for-like) with turnover of €622.1 million:
Outlook and developments
In 2020, EDYCEM, HERIGE Group's Concrete subsidiary, will continue negotiations with BHR to acquire six concrete plants in Sarthe and Mayenne (France), expected to be consolidated from March 1, 2020.
In addition, Building Materials Trading will continue to focus on business development, driven by the fresh impetus provided by Eric Rouet, Managing Director of the division, in order to sustain its operating margin.
The Group remains confident in the buoyancy of its markets in 2020.
Next publication: 2019 results on April 1, 2020, after the close of trading
All our financial communications are available on our website: https://www.groupe-herige.fr/en/
About HERIGE HERIGE Group focuses on three sectors of the building industry: Building Materials Trading, the Concrete Industry and Industrial Joinery. Originally based in the Vendée region, HERIGE currently employs more than 2,300 people and has a strong presence in Western France. HERIGE is listed on Euronext Growth PEA/PME eligible Indices: EURONEXT FAMILY BUSINESS, EURONEXT GROWTH ALL SHARE, ENTERNEXT©PEA-PME 150 ISIN FR000 0066540, Ticker: ALHRG, Reuters ALHRG.PA |
HERIGE Alain Marion – Chairman of the Executive Board Caroline Lutinier – Head of Group Communication Tel.: +33 (0)2 51 08 08 08 E-mail: communication@groupe-herige.fr ACTUS finance & communication Corinne Puissant – Analyst/Investor Relations Tel.: +33 (0)1 53 67 36 77 – E-mail: cpuissant@actus.fr Anne-Catherine Bonjour – Press relations Tel.: +33 (0)1 53 67 36 93 – E-mail: acbonjour@actus.fr |
Regulated information:
Inside Information:
- Information on annual revenues
Full and original press release in PDF: https://www.actusnews.com/news/62017-herige-ca-2019-vdef-uk.pdf