Continued growth in the third quarter: 3.6% (like-for-like)
Another period of growth in the 3rd quarter of 2017
HERIGE Group reported its third consecutive quarter of growth in Q3 2017, with turnover of €120.1 million, up 3.6% like-for-like on the same period in 2016 (not including VM Piscines and other activities currently being sold). This performance comes on the back of strong sales for the Concrete industry segment (up 9.7%) and Industrial joinery (up 4.2%).
At the end of the first nine months of 2017, the Group's business activities were up 3.2% like-for-like, with turnover coming in at €402.2 million:
- turnover for Building materials trading increased 2.3%, boosted yet again by a recovering market,
- turnover for the Concrete industry segment increased 8.0%, owing most of this growth to ready-mix concrete,
- turnover for Industrial joinery increased 2.3%, as it continues to be driven by its new product AM-X and its Closures division.
Outlook and developments
In light of its continued business growth since the beginning of the year, the Group remains confident regarding its capacity to capitalize on the positive backdrop of the construction sector.
The Group's strategic measures, aimed at achieving lasting profitable growth to finance its future development, continue to be a priority.
NEXT PUBLICATION: Q4 turnover on 6 February 2018 (after the stock exchange closes)
All our financial communications are available on our website www.groupe-herige.fr
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