Growth of 4.9% in H1 2018 (like-for-like)
Growth in activity over the second quarter despite an unusual month of May
HERIGE Group posted turnover of €154.2 million for the second quarter of 2018, up 2.4% like-for-like on the same period in 2017. After a strong first quarter, activity between April and June was impacted by the calendar effect of 1 working day less, an unusual month of May and the one-week closure of the Industrial Joinery sites. Building Materials Trading grew 1.6% like-for-like in the second quarter, whilst activity for the Group’s Concrete and Industrial Joinery divisions increased 4.6% and 4.0% respectively.
Group turnover for the first six months of the 2018 financial year amounted to €294.4 million, up 4.9% at constant scope despite unfavorable weather conditions at the beginning of the year:
- Turnover for Building Materials Trading increased 3.6%, boosted yet again by a slightly recovering market,
- Turnover for the Concrete Industry segment increased 4.7% as volumes of ready-mix concrete continued to climb,
- Turnover for Industrial joinery increased 9.1%, boosted by its new product AM-X.
Outlook and developments
HERIGE is confident of its capacity to capitalize on the recovery in the construction sector in 2018.
In line with its medium-term strategy, the Group is continuing with the strategic review of its businesses and seeking to underpin lasting profitable growth with a programme of industrial investments to boost productivity (70% of all investment devoted to Concrete and Industrial Joinery).
NEXT PUBLICATION: H1 2018 results on 11 September 2018 (after the stock exchange closes)
All our financial communications are available on our website www.groupe-herige.fr