BRIEF

on VM MATERIAUX (EPA:VMMA)

HERIGE: Turnover down as of September 30, 2024

HERIGE recorded a turnover of €306.9 million as of September 30, 2024, marking a decrease of 12.9% compared to the previous year. The third quarter in particular suffered a decline of 11.4% with a turnover of €91.3 million. This decline is part of a difficult context for the new construction market, impacted by a significant drop in construction starts.

The Industrial Joinery business decreased by 13.7% during the quarter, affected by uncertainties surrounding the zero-rate loan and the MaPrimeRenov' scheme. On the other hand, the Concrete industry showed a slight increase of 0.9%, benefiting from a favorable calendar effect and a positive trend in Ready-Mix Concrete volumes.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all VM MATERIAUX news