First-quarter turnover up 17.2%
Resilience in a particularly difficult market
HERIGE Group recorded turnover of €227.1 million during the first quarter of 2023, up 17.2% (or 6.2% like for like) on the same period in 2022. This growth at the beginning of the year reflects a mixed environment between a marked drop in new constructions and stable renovation.
- Industrial Joinery expanded by 51.0%, up 14.3% like-for-like, integrating the three latest acquisitions. This activity reflects the demand of renovation-oriented channels.
- The Concrete Industry posted growth of 14.6% (up 5.6% like for like), benefiting from the integration of ready-mix concrete plants in the Aquitaine region (Audoin & Fils) and from good precast concrete activity in terms of volume/product mix.
- The Building Materials Trading activity posted a slight growth of 0.8%, mainly underpinned by a good price effect and the robust performance of Public Works.
Outlook and developments
Despite an increasingly complex environment, HERIGE is relying on its expertise, its optimized organization and operating performance model to support profitable and sustainable growth based on an offer in line with energy and decarbonization challenges.
NEXT PUBLICATION: Q2 2023 turnover on July 25, 2023 (after the close of trading)
All our financial communications are available on our website: www.groupe-herige.fr/en