HERIGE : TURNOVER AT 31 MARCH 2017: EUR 131 MILLION

Growth of 2.8% in the first quarter of 2017

(like-for-like)

IFRS – € million

Consolidated turnover
1^st quarter

2017⁽¹⁾
1^st quarter

2016⁽²⁾

IFRS 5
Change %

2017 vs 2016 IFRS 5

 


 
 
 
 
Restated of

disposals

in 2017⁽³⁾


Building Materials Trading
82.6
82.4
+0.2%
+1.6%


Concrete Industry
18.3
16.9
+8.0%
+8.0%


Industrial Joinery
34.8
34.0
+2.4%
+2.4%


Other
5.5
5.3
+4.7%
+4.7%


Inter-segment eliminations
(10.2)
(10.0)
-
-


TOTAL
131.0
128.6
+1.9%
+2.8%

1. Figures have not been audited. Turnover for 2017 is reported in line with IFRS 5 (excluding activities in the process of being sold)


2. Turnover restated for activities in the process of being sold in accordance with IFRS 5. The application of accounting standard IFRS 5 does not factor in the disposal of VM Piscines in January 2017


3. Disposal of VM Piscines in January 2017

Increase in activity in the 1^st quarter of 2017

HERIGE Group posted turnover of €131 million for the first three months of 2017, up 2.8% like-for-like, i.e., not including VM Piscines and the other activities currently being sold, on the same period in 2016.

All Group activities contributed to growth:

• turnover for Building materials trading increased 1.6% like-for-like on the back of a recovering market, particularly for the public works sector,


• turnover for the Concrete industry increased 8.0% following an increase in volumes, primarily for ready-mix concrete,


• turnover for Industrial joinery increased 2.4%, boosted by its new product AM-X and its Closures division.

Outlook and developments

Against a positive backdrop of a gradual recovery in the construction sector, HERIGE Group is confident of its capacity to capitalize in full on a more dynamic market.

As part of its 2016-2020 plan to refocus on its core activities, the Group's strategic goals include achieving lasting profitable growth to finance its future development.

Next publication: Q2 2017 turnover on 25 July 2017

(after the stock exchange closes).

All our financial communications are available on our website www.groupe-herige.fr

ABOUT HERIGE

HERIGE Group focuses on three sectors of the building industry: Building materials trading, the Concrete industry and Industrial joinery. Originally based in the Vendée region, HERIGE currently employs more than 2,400 people and has a strong presence in Western France.

HERIGE is listed on Euronext Paris, Compartment C

PEA/PME eligible

Indices: CAC SMALL, CAC MID & SMALL, CAC ALL TRADABLE, ENTERNEXT©PEA-PME 150 

Codes: ISIN FR0000066540, Ticker: HERIG

Bloomberg HERIG.FP, Reuters HERIG.PA

Source: Actusnews