Growth of 7.9% in first-quarter 2018 (like-for-like)
Buoyant start to the year with turnover up 7.9%
HERIGE Group posted turnover of €140.2 million for the first three months of 2018, up 7.9% like-for-like on the same period in 2017, despite one working day less and unfavorable weather conditions.
All Group activities contributed to this growth.
• Turnover for Building Materials Trading climbed 6.0% like-for-like, propelled by a positive market environment.
• Concrete Industry reported growth of 4.9%, boosted by a volume effect primarily concerning ready-mix concrete but penalized by bad weather in February and March.
• Industrial Joinery benefited from France's latest energy efficiency measures (CITE) and saw turnover rise sharply, up 14.1% on the back of sales for its new product, AM-X, and activity for its Closures unit.
Outlook and developments
HERIGE expects to capitalize on a continued recovery in the construction sector in 2018.
In the medium term, the Group will focus on achieving profitable and lasting growth for its business divisions, with an industrial investment program to boost productivity (70% of all investment devoted to Concrete and Industrial Joinery).
In the medium term, HERIGE is focusing its strategic roadmap on its business divisions in order to pursue profitable and lasting growth, with an industrial investment program to boost productivity (70% of all investment devoted to Concrete and Industrial Joinery).
NEXT PUBLICATION : Turnover for Q2 2018 on 24 July 2018 (after the stock exchange closes)
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