Growth of 5% in first-half 2019 (like-for-like)
Continued growth of 5.1% in the second quarter
HERIGE Group posted turnover of €171.8 million in the second quarter of 2019, up 5.1% like-for-like on the same period in 2018. In line with the first quarter, Building Materials Trading and Concrete Industry benefited from good momentum and favorable weather conditions.
- Turnover for Building Materials Trading rose 2.4% like-for-like, propelled by the public works sector and BtoB sales;
- Concrete Industry turnover continued its upward trajectory, rising 30% (up 19.5% like-for-like) thanks to the integration of Béton du Poher, a persistently buoyant market, a sustained increase in volumes in ready-mix concrete but also in pre-fabricated concrete products;
- Turnover in Industrial Joinery was down 1.1%, as it continued to be impacted by energy efficiency rebates (CITE). However, closures and the AM-X range reported double-digit growth.
Overall, in first-half 2019, HERIGE posted turnover of €325.7 million, up 5% like-for-like.
Outlook and developments
For the next six months of the current year, the HERIGE Group should reap the full benefits of the integration of Béton du Poher’s three concrete plants and the market’s continued overall buoyancy.
NEXT PUBLICATION: H1 2019 results on September 10, 2019 (after the stock exchange closes)
All our financial communications are available on our website www.groupe-herige.fr