(AOF) – Herige achieved in 2021 a net income group share of 19.1 million euros, against 10.5 million euros a year earlier. Thanks to the dynamic activity recorded in all of the Group’s businesses and the performance shares, the cement manufacturer’s operating income came to 31.2 million euros, up 58.4% compared to 2020. and 70.5% compared to 2019. The margin rate also gained 1.1 percentage points to stand at 4.4%.
Despite inflationary pressures on raw materials, transport and energy, 2021 EBITDA reached 46.9 million euros, up 34.3% compared to 2020 and 49.6% compared to 2019 .
Herige finally achieved a turnover of 712 million euros, a record level reflecting growth of 18.6% (18.8% at constant scope) compared to 2020 and 14.5% compared to to 2019. It was driven by solid momentum across all of the group’s activities.
On the basis of these annual results, the Supervisory Board will propose to the Shareholders’ Meeting of June 3 next the payment of a dividend of 1.80 euro per share. It would be paid from June 13, 2022 (ex-coupon on June 9, 2022).
Finally, Herige explained that the Russian-Ukrainian conflict and associated geopolitical tensions could lead to consequences that could disrupt its prospects if the group’s activities and supplies are not exposed to these two countries.
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Consolidation in construction chemistry
Construction chemistry makes it possible to decarbonize cement and concrete by dividing their carbon footprint by three or four. Saint-Gobain has therefore chosen to develop in this business, for which the world market is estimated at between 60 and 70 billion euros. It led two major acquisitions in 2021 in this field, thus competing with the world leader, Sika. After having taken over the French Chryso (additives for concrete and cement from the former Materis) for 1 billion euros, the world leader in building materials bought for 2 billion euros the American, listed on the Nasdaq, GCP Applied Technologies. As for the Swiss Sika, it acquired the MBCC group for an enterprise value of 5.2 billion euros. The latter is much bigger than GCP with a turnover of 2.7 billion euros, against 1 billion for the new American acquisition of Saint-Gobain.