Continued business recovery with growth of 10.5% in the fourth quarter

2021 02 09 HERIGE CA T4 2020 web uk


Sustained growth across all businesses

HERIGE Group posted turnover of €168.6 million for the fourth quarter of 2020, up 10.5% (or 8.6% like-for-like) on the same period in 2019.

The Group’s three businesses saw a return to growth during the quarter, despite a negative calendar effect (Building Materials Trading and Concrete Industry) and another lockdown period due to the health crisis.


For 2020 as a whole, HERIGE Group posted turnover of €600.4 million, a limited decline of 3.5% (down 4.9% like-for-like, of which a drop of 17.5% in the first half of the year and growth of 8.9% in the second). This demonstrates the resilience of the Group’s business model in the particularly difficult economic and health conditions that the market faced during the first half of the year.



Outlook and developments

In view of the sustained activity recorded during the second half of the year for the Group’s three businesses (up 10.9% like-for-like) combined with strict management of expenses and investments, HERIGE confirms that the effects of the economic and health crisis on its full-year profitability and cash position will be limited. In 2021, the Group intends to strengthen its performance approach in the context of an uncertain market.

Benoît Hennaut, Chairman of the Executive Board of HERIGE, said: “In a completely unprecedented context in 2020, the Group has been able to adapt and rethink its organization in order to press ahead with its activities. Thanks to the agility, commitment and professionalism of all our teams, HERIGE has had a very resilient year. Firmly customer-oriented, our activities are based on strong markers such as an enhanced service offering, innovation, and social and environmental commitment.


NEXT PUBLICATION: 2020 results on March 30, 2021 (after the close of trading)
All our financial communications are available on our website



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