Vicat reports sales of ME1048 in Q3, up 11.2% on a reported basis, and +26.8% on a like-for-like basis.

Sales are up in all regions of the world, driven by higher sales prices and higher cement volumes.

In 2023, the Group expects sales to continue to rise, driven by markets that should prove resilient on the whole, and by the full effect of the sales price increases recorded in 2022 and further increases passed in 2023.

Vicat believes that 2023 will also benefit from the full effect of the new Ragland (USA) kiln, the disappearance of non-recurring costs incurred in 2022 and the stabilization of energy costs.

'On this basis, the EBITDA generated by the Group in 2023 is expected to be at least equal to 700 million euros', says the company.

Over the course of 2023 and 2024, the Group will reduce its capital expenditure, which is expected to be around 350 million euros in 2023 and to fall again in 2024.

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