VM MATERIAUX : 3rd quarter 2009 turnover - Better resistance in the 3rd quarter
|IFRS - €m
|2009(1)||2008(2)||Var. %||Var. %
|Intersector trade elimination||-26.0||-28.1||ns||ns|
(1) The figures are not audited. They include Vendôme Fermetures integrated since the 1st May 2009, BTP Services since the 1st January 2009, and Bestkind, L Diffusion, BTP Charpentes integrated during 2008.
(2) Figures at 30 September 2008 have been adjusted following the retrospective application of the IFRIC 13 "Customer Loyalty Programmes" interpretation.
> 3rd Quarter activity
The VM Matériaux group today reports a 2009 3rd quarter turnover of € 145.1 million, down by 5.4% (-13.0% like-for-like) compared to the same period of 2008.
The Material Trading and Concrete Industry activities remain affected by the fall in the number of new housing constructions in France (-21.4% over the year at the end of September 2009). The Industrial Joinery activity (Atlantem) increased its 3rd quarter turnover by 4.1% on a like-for-like basis. This activity remains strongly correlated to the maintenance and renovation market, which, although showing good general resistance, fell slightly in the 3rd quarter of 2009 compared to the 3rd quarter of 2008. Atlantem good performance is thus based on strong commercial dynamics, a relevant range of products and, to a lesser extent, on the fiscal incentives introduced for energy related renovation work. The integration of Vendôme Fermetures enables Atlantem to record growth of nearly 40% for the quarter.
For the first nine months of the current financial year, the VM Matériaux turnover amounts to
€ 456.3 million against € 498.4 million a year earlier.
> 2009 outlook
For the end of the financial year, VM Matériaux will continue to follow a rigorous management policy in order to preserve its economic fundamentals and will sustain the developing sectors, such as eco-construction. As an example from January 2010, the Group will be selling a new range of aluminium joinery with even higher thermal performance, presented at the Batimat show which is being held in Paris from 2 to 7 November.
In parallel, the Group is continuing its developments in the Public Works field, which is today a significant growth driver, thanks to a stronger product range following recent acquisitions (Bestkind in natural stone trading and Cominex France for the distribution of natural stone dedicated to urban development).
Structured to pass through a difficult period, VM Matériaux is continuing its development strategy, balanced between internal and external growth while focusing on operations offering a rapid investment returns.
Next press release : 2009 turnover, on 10 February 2010, after stock exchange closure
Find all the financial communication on www.vm-materiaux.fr
ABOUT VM MATÉRIAUX
VM Matériaux group works in the Building industry, centred on three areas of business:
The Group was originally based in the Vendée region but is now multi-regional. It employs more than 3.000 people and is developing its business over Western France and in the overseas departments. The Group achieved a turnover of €656.1 million in 2008.
VM Matériaux is quoted on NYSE- Euronext Paris, Compartment C. Index: SBF 250, CAC Mid & Small 190
Codes: ISIN FR000 0066540, Reuters VMMP.PA, Bloomberg VMM.FP, Mnemonic: VMMA
|VM MATERIAUX||ACTUS FINANCE|
|Philippe AUDUREAU - Chairman of the board of directors
Alain MARION - Finance and General Manager
Tel.: +33 (0)251 08 08 08
Tel.: +33 (0)153 67 35 74 - Email: email@example.com
Eva BERLOT - Group Communication Manager
Tel.: +33 (0)251 08 08 08
Tel.: +33 (0)153 67 36 93
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