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HERIGE — Earnings Release 2025
Jul 22, 2025
1398_iss_2025-07-22_0afc4d83-c9ff-4aa4-b342-e3deeac4cb7f.pdf
Earnings Release
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H
HERIGE
INDUSTRIES
PRESS RELEASE
Montaigu-Vendée, July 22, 2025 – 6 p.m.
HERIGE: SLOWING CONTRACTION IN TURNOVER IN THE SECOND QUARTER OF 2025, REFLECTING GRADUAL STABILIZATION OF BUSINESS LEVELS
| French GAAP - € million
Turnover unaudited figures^{1} | 2025 | 2024^{2} | Change |
| --- | --- | --- | --- |
| 1^{st} quarter | 97.6 | 106.7 | -8.6% |
| 2^{nd} quarter | 101.3 | 107.3 | -5.6% |
| TOTAL | 198.9 | 214.1 | -7.1% |
| Industrial Joinery | 116.2 | 126.9 | -8.4% |
| Concrete Industry | 68.7 | 70.8 | -2.9% |
| Other | 19.3 | 21.4 | -9.9% |
| Inter-segment eliminations | (5.4) | (5.0) | - |
Moderate downturn in business levels in the second quarter of 2025
In a persistently difficult market, characterized by a slight year-on-year increase in individual single-family housing (up 0.8%), HERIGE Industries posted turnover of €101.3 million, down 5.6% compared with the year-prior period. This trend reflects the business' resilience in a continually demanding environment.
- In the second quarter of 2025, the Industrial Joinery business recorded a 7.1% decline in turnover, representing an improvement over the previous quarter. However, this trend continues to be impacted by a wait-and-see attitude related to frequent changes to the MaPrimeRénov' program for comprehensive individual renovations.
- The Concrete Industry's decline was limited to 2.0% over the period, reflecting the resilience of its two segments (ready-mix and precast concrete) despite strong competitive pressure.
Over the first half of 2025 as a whole, HERIGE Industries posted turnover of €198.9 million, down 7.1% (-6.1% restated from calendar effect) on the same period in 2024.
Adaptation project milestones after late-2024 launch
With an unprecedented crisis impacting the entire sector, the Group rolled out its operational performance improvement program accompanied by the implementation of its reorganization plan over the first half of 2025, announced on December 3rd, 2024.
A constructive social dialogue was conducted with the employee representative bodies throughout the information-consultation phase, which culminated in the signing of a majority collective agreement, incorporating a suite of social support measures. Having been approved by labor authorities, the agreement is currently being rolled out.
- Figures for 2025 and 2024 are presented based on the new reporting segmentation: the "Industrial Joinery" business now includes the Canadian subsidiary and the carpentry business has been transferred to the "Other" division
- Figures for 2024 have been restated for discontinued operations (VM Matériaux, LNTP, Cominex and VM Guadeloupe)
HERIGE INDUSTRIES
PRESS RELEASE
As a reminder, the project, which is essential for maintaining the Group's competitiveness, is targeting a full-year cost reduction of approximately €7.0 million over the full-year period. Additionally, the various measures taken are projected to generate non-recurring expenses of between €10 million and €11 million before tax, approximately 70% of which were provisioned in 2024.
Outlook
In a market that is struggling to make a clear and rapid recovery, HERIGE remains mobilized to consolidate its fundamentals and create the conditions to benefit fully from the sector's future rebound.
NEXT PUBLICATION: H1 2025 results on 23 September 2025 (after the close of trading)
All our financial communications are available on our website: www.groupe-herige.fr/en
ABOUT HERIGE
HERIGE Industries focuses on two sectors of the building industry: the Concrete Industry and Industrial Joinery. HERIGE is a multi-regional group of Vendée origin, with a workforce of near 1,700 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 INDUSTRIES
Benoît Hennaut – Chairman of the Executive Board
Caroline Lutinier – Head of Group Communication & CSR
Tel.: +33 (0)2 51 08 08 20
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]