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HERIGE Earnings Release 2024
1398_iss_2024-07-11_367a386f-9faa-42b2-b94f-337f8a0eeea4.pdf
Earnings Release
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L'Herbergement, July 11, 2024 – 6 p.m.
Definitive financial impact of the sale of its Building Materials Trading, Public Works and Natural Stone businesses (VM Matériaux, LNTP and Cominex)
HERIGE Group today announces the financial impacts relating to the definitive sale of its Building Materials Trading, Public Works and Natural Stone businesses (VM Matériaux, LNTP and Cominex) to SAMSE Group, April 30th 2024.
The businesses sold represent a 2023 turnover of €374.8 million and 79 points of sale in Western France. The enterprise value of the scope sold is estimated using an EBITDA1 multiple. The value of the shares is calculated by deducting adjusted net debt from this enterprise value. This transaction enabled HERIGE to reduce its debt by €124.6 million, thereby improving gearing by 90 points2 and to generate a capital gain of €33.0 million, i.e., +23% in equity. This capital gain offsets a net loss of €4.4m generated pro rata temporis by the scope of consolidation sold.
This provides the Group with additional resources to support its industrial strategy.
NEXT PUBLICATION: Q2 2024 turnover on July 23, 2024 (after the close of trading)
All our financial communications are available on our website: www.groupe-herige.fr/en
About HERIGE
HERIGE focuses on two sectors of the building industry: the Concrete Industry and Industrial Joinery. HERIGE is a multiregional group of Vendée origin, with a workforce of almost 2,000 employees, present in mainland France, Canada and overseas.
HERIGE is listed on Euronext Growth PEA/PME eligible Indices: EURONEXT FAMILY BUSINESS, EURONEXT GROWTH ALL SHARE, ENTERNEXT©PEA-PME 150 ISIN FR0000066540, Ticker: ALHRG, Reuters ALHRG.PA
CONTACTS
HERIGE
Benoît Hennaut – Chairman of the Executive Board Caroline Lutinier – Head of Group Communication & CSR Tel.: +33 (0)2 51 08 08 08 E-mail: [email protected]
ACTUS finance & communication
Corinne Puissant – Analyst/Investor Relations Tel.: +33 (0)1 53 67 36 77 – E-mail: [email protected] Serena Boni – Press Relations Tel.: +33 (0)4 72 18 04 92 – E-mail: [email protected]
1 Operating profit + net depreciation and amortization
2 Compared to 31/12/2023, i.e. a gearing of 107% and shareholders' equity of €145.4m
