Building materials group Vicat reported sales of 911 million euros for the first quarter of 2024, up 1.2% on a reported basis and 7.9% on a like-for-like basis.

This organic growth is the result of a 4.1% increase in cement volumes and a 5.4% increase in concrete volumes, as well as a pricing environment that remains resilient in most markets with a favorable cost/price spread.

In 2024, Vicat expects its sales to continue to grow, and estimates that its EBITDA should be higher than in 2023. It also aims to reduce its leverage ratio to below 1.3 times by the end of 2025.

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