Fourth-quarter turnover up 11% (like-for-like)
As part of its strategic transformation which began in February 2016, HERIGE Group continued with the divestment of certain activities in 2017 by selling its SXD and Bestkind activities in China, as well as its company Naullet and by stopping Biplan activity. These changes in the scope of consolidation were included in the accounts as at 31.12.17.
Robust growth of 11% in Q4
HERIGE posted turnover of €145.6 million (restated for IFRS 5) for the fourth quarter of 2017, up 11% on the same period the year before. Each of the Group’s business activities contributed to this robust performance.
- Turnover for Building Materials increased by a strong 11.9% to €91.3 million (restated for IFRS 5), boosted by a positive calendar effect (+1 day), particularly clement weather conditions and a recovering market.
- Turnover for Trading Concrete Industry climbed 14.3% to stand at €19.2 million despite a persistently fierce competitive market.
- Industrial Joinery reported growth of 8.6% for the period on the back of France’s latest energy efficiency measures (CITE).
Full-year turnover amounted to €547.3 million (restated for IFRS 5) in 2017, up 5.2% in line with the gradual rebound in sector activity but still impacted by the squeeze on margins.
Outlook and developments
HERIGE Group remains focused on revitalizing its sales strategy and resources, on industrial efficiency and on innovation and continues to be confident in its three business markets and its commercial performance for 2018.
NEXT PUBLICATION : FY 2017 results on 27 March 2018 (after the stock exchange closes).
All our financial communications are available on our website: www.herige-group.com