Vicat S.A. (SDCVF) Q2 2026 Earnings Call Transcript

SA Transcripts 161.35K Followers Follow Vicat S.A. ( SDCVF ) Q2 2026 Earnings Call July 30, 2026 9:00 AM EDT Company Participants Hugues Chomel - Deputy Chief Executive Officer of Finance Department Pierre Pedrosa - Director of Financial Communications & Investor Relations Conference Call Participants Ebrahim Homani - CIC Market Solutions ( ESN ), Research Division Arthus PIOT Presentation Operator Welcome to the Vicat 2026 Half-Year Results presentation. [Operator Instructions]. Now, I will hand the conference over to Hugues Chomel, Deputy CEO and Group CFO, and Pierre Pedrosa, Head of Investor Relations. Please go ahead. Hugues Chomel Deputy Chief Executive Officer of Finance Department Good afternoon, ladies and gentlemen. Welcome to the Vicat first half 2026 result presentation. I am Hugues Chomel, Deputy CEO and CFO of the Vicat Group. I'm joined today by Pierre Pedrosa, Head of Investor Relations. On slide two, as a preliminary remark, we would like to draw your attention to the fact that the forward-looking information presented here reflects our current assessment of expected trends across the group markets and should not be regarded as forecast. Let me start with the key highlights of the first half on slide 3. In an international environment that remains complex, the group delivered strong results. Organic sales growth reached 10.8%, driven by the stabilization in Europe, the recovery in the United States, and an acceleration in emerging countries. EBITDA was EUR 367 million, up 13.6% like-for-like, with a particularly strong contribution from emerging countries. On the back of this solid performance, we are upgrading our full year 2026 guidance to like-for-like growth of 7%-9% in both sales and EBITDA. Last but not least, on the climate front, we achieved an important milestone with the startup and the inauguration of the Catch4Climate, our joint venture with three other leading cement producers. This R&D pilot in Germany, dedicated to second generation of oxy-fuel technology, represents a significant step