First-quarter 2021 turnover grew 32.3%, buoyed by an upturn in business and the Group’s positioning

2021 05 11 HERIGE CA T1 2021 UK


A good start to 2021, with robust growth in the first quarter

In line with the end of the year 2020, HERIGE Group enjoyed a very strong start to 2021, with first-quarter turnover up a robust 32.3% (31.4% like-for-like) to €175.6 million. The 2020 comparison base was distorted by a work stoppage followed by part-time working at the Group's three businesses, due to the Covid-19 pandemic. However, when compared with the same period in 2019, turnover was up 14.1% (12.3% on a like-for-like basis).
The Group's three businesses continued their strong rebound, thanks to its full range of products and innovative services.



Outlook and developments

Buoyed by the strong start to 2021 and its positioning in energy renovation, HERIGE intends to pursue its profitable development while keeping a watchful eye on developments in the health crisis.

Furthermore, the Group confirms its ambition to participate in the transformation of its sector by providing practical and sustainable solutions to construction stakeholders. For example, in March HERIGE Group entered into a technical partnership through its concrete subsidiary EDYCEM with Hoffmann Green Cement. The objective is to enable EDYCEM to develop a concrete formula with Hoffmann's low-carbon cement.



NEXT PUBLICATION: Q2 2021 turnover on July 27, 2021 (after the close of trading)
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