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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Vicat
Vicat (VCT) investor relations material
Vicat Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 TU earnings summary6 Nov, 2026
Executive summary
Q3 sales reached €1,087m, up 10.2% like-for-like and 9.6% reported, supported by emerging-market growth, US recovery and pricing.
Nine-month sales were €3,124m, up 10.6% like-for-like and 8.6% reported; pricing and volume growth offset higher costs.
FY 2026 like-for-like sales growth guidance rose to 8%–10%; EBITDA growth guidance remains 7%–9%.
Exclusive negotiations began to acquire CEMEX ready-mix concrete and aggregates assets in Southeast France.
Financial highlights
Q3 reported sales rose to €1,087m from €992m; FX reduced growth by 1.4 percentage points and scope added 0.7 points.
Nine-month sales increased to €3,124m from €2,878m; FX reduced growth by 2.9 points and scope added 0.9 points.
Nine-month sales bridge: price contributed €226m, volume €78m, FX -€83m and scope €25m.
Outlook and guidance
FY 2026 like-for-like sales growth guidance increased to 8%–10% from 7%–9%; EBITDA growth guidance remains 7%–9%.
Net CapEx guidance remains ~€290m for FY 2026.
H2 EBITDA growth is expected to moderate versus H1 due to higher energy costs, tougher comparisons and elevated maintenance costs.
Ragland and Egypt maintenance costs are expected to normalize from Q4; the medium-term EBITDA margin target is at least 20% over 2025–2027.
US non-residential recovery and emerging-market activity are expected to remain supportive, while French residential construction remains subdued.
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Latest events from Vicat
- Strong H1 2026 growth and upgraded outlook, driven by emerging markets and US recovery.VCT
Q2 2026 - Q1 2026 sales rose 8.5% like-for-like, with robust growth and guidance reaffirmed despite FX headwinds.VCTQ1 2026 TU
- Sales +3.3% LFL, EBITDA +3.7% LFL, strong cash flow, and major decarbonization progress.VCTH2 2025
- Q3 2025 saw 4.9% organic sales growth and strategic progress despite FX headwinds.VCTQ3 2025 TU
- Stable sales and improved net income despite currency headwinds; 2025 EBITDA growth expected.VCTH1 2025
- 3.3% organic sales growth and EBITDA targets confirmed, despite currency and market headwinds.VCTQ3 2024 TU
- EBITDA up 12.3% and organic sales up 4.8% in H1 2024, led by US and emerging markets.VCTH1 2024
- Stable Q1 2025 sales and confirmed guidance, with growth expected from new projects.VCTQ1 2025 TU
- Record EBITDA and cash flow, with US growth and climate progress offsetting European weakness.VCTH2 2024
Next Vicat earnings date
Q4 202615 Feb, 2027
Vicat
Next Vicat earnings date
Q4 202615 Feb, 2027
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Frequently asked questions
Vicat S.A. is a French company that specializes in the production and distribution of building materials. Its main products include cement, ready-mixed concrete, and aggregates, which it supplies to the construction industry. The company operates through three main segments: Cement, Concrete & Aggregates, and Other Products & Services. Besides its core products, Vicat also offers industrial mortar-based products, precast concrete, and paper-based goods, such as bags for various industries. Additionally, it provides a range of services including logistics, transportation, and concrete pumping. The company is headquartered in L'Isle-d'Abeau, France, and its shares are listed on the Euronext Paris.