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 | – |
- Figures have not been audited. Turnover for 2016 is reported in line with IFRS 5 (excluding activities sold or in process of being sold).
- 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.