|IFRS - ¤ million
|Intra group eliminations||-38.4||-27.4||ns||ns|
(1) Figures have not been audited. They include the companies LNTP since 1st March, 2010; Fenêtres LAPCO, Vendée Béton and Préfa Pays de Loire since 1st January 2011; and 100% of Point Bois since 1st January 2011 (50% in 2010).
VM Matériaux reported turnover of ¤532.6 million for the first nine months of fiscal 2011, a year-on-year increase of 13.5% (+6.6% like-for-like). VM Matériaux's acquisition strategy and internal investments policy enabled all of the Group's operating divisions to post good performances.
VM Matériaux posted turnover growth of 11.0% during third quarter (+4.6% like-for-like). The Building distribution and Concrete industry divisions continued to post gains, with turnover increasing by respectively 5.2% (+4.2% like-for-like) and 101.0% (+16.6% like-for-like) despite highly unsettled economic conditions and a slowdown in new housing starts.
The Industrial joinery division maintained its growth (+3.0% like-for-like) and showed a progression (+8.7% on current basis) by the acquisition of Fenêtres Lapco.
After reducing its stake in July 2011, VM Matériaux holds back 100% of the capital of Financière LNBTP.
Growth and outlook
While the uncertain economic conditions would call for a certain degree of caution, VM Matériaux confirms the continuing favourable development of the Group's operating divisions.
VM Matériaux will continue to pursue an active growth and innovation strategy over the last 3 months of the fiscal year, most notably in the green building segment. For example, at the Batimat International Building Exhibition, VM Matériaux will introduce its Biplan® (1) insulated concrete forms - marketed in France and neighbouring countries under an exclusive licensing agreement with Polycrete® International. Highly versatile and entirely novel, this new ICF yields excellent technical performances, providing thermal comfort and lower energy and maintenance costs.
(1) Biplan® is a subsidiary of VM Matériaux
Next press release: 2011 turnover: 7 February 2012
(after close of trading)
All our financial communications are available at our website: www.vm-materiaux.fr
About VM Matériaux
The VM Matériaux Group focuses on three business sectors of the building industry:
Originally based in the Vendée region, VM Matériaux now employs close to 3,000 people and is active in Western France and the French overseas departments as well as in China and Canada. In 2010, the Group generated total turnover of ¤630.6 million.
VM Matériaux is listed on NYSE-Euronext Paris, Compartment C
Indexes: PAX, Gaia Index
Codes: ISIN FR0000066540, Reuters VMMP.PA Bloomberg VMM.FP, Ticker: VMMA
Philippe Audureau - Chairman of the Board of Directors
Alain Marion - General and Financial Manager
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Caroline Lutinier - Head of Group Communication
Tel.: +33 2 51 08 08 08 - E-mail: email@example.com
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Tel.: +33 1 53 67 36 93 - E-mail: email@example.com
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