IFRS – € million
Consolidated turnover
2016 (1) 2015 (2)
restated
2015
reported
%
2016 vs 2015 restated
1st quarter 135.7 128.0 136.9 +6.1%
2nd quarter 155.0 149.5 158.1 +3.7%
 TOTAL 290.7 277.4 295.0 +4.8%
Building materials trading 188.6 181.2 198.7 +4.1%
Concrete industry 40.7 40.1 40.1 +1.5%
Industrial joinery 68.4 61.6 61.6 +11.0%
Others 13.3 14.4 14.4 -7.7%
Inter-segment eliminations -20.3 -20.0 -20.0
  1. Figures have not been audited. Turnover for 2016 is reported in line with IFRS 5 (excluding activities sold or in process of being sold).
  2. Turnover restated for activities sold or in the process of being sold in accordance with IFRS 5.

Activity in the 2nd quarter of 2016

HERIGE posted turnover of €155.0 million for the 2nd quarter of 2016, up 3.7% on the same period in 2015. In keeping with the 1st quarter, growth was driven by a dynamic activity of Building materials trading and a strong performance from Industrial joinery (+8.1% over the quarter) as the momentum that began in the second half of 2015 continued to gather pace.

Group turnover came in at €290.7 million for the 1st half of 2016 as a whole, up 4.8% at same scope, with the positive contributions from all three sectors bringing the first indications of new market share in a building sector which had yet to pick up again in full over the 1st quarter:

  • turnover for Building materials trading increased 4.1%,
  • turnover for the Concrete industry benefited from a slight increase in volumes for ready-mix concrete despite a persistently competitive market,
  • turnover for Industrial joinery increased by 11%, boosted by dynamic sales as well as energy efficiency rebates.

Outlook

The steady increase in individual housing sales over the past twelve months underpins HERIGE's forecasts of a gradual sector recovery.

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Growth of +4.8% in H1 2016

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