Vicat Wins French Decarbonization Grant for VAIA Project
Vicat Group has been awarded a Major Industrial Decarbonization Projects (GPID) grant by the French government for its VAIA project. This recognition follows the project's selection by the European Innovation Fund program in November 2025.
The VAIA project (Vicat Advanced Industrial Alliance) aims to capture and then sequester 1.2 million tons of CO2 per year at the Montalieu-Vercieu cement plant, the largest in France. The initiative is part of the group's ambition to achieve carbon neutrality across its value chain by 2050. Studies are currently ongoing, with the final investment decision scheduled for 2027.
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The project will facilitate the creation of a unique value chain that combines capture, transport, utilization, and liquefaction for CO2 storage, initially anchored in the Rhône Valley. The GPID grant is part of the French government's Major Investment Plans aimed at accelerating ecological and industrial transition by supporting innovative projects that contribute to the decarbonization of the industry and the modernization of infrastructure.
SectorConstruction et infrastructures›Matériaux de construction
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 2 036 millions d'euros
Quarterly revenue: 2 036 millions d'euros
EBITDA: 366,5 millions d'euros
EBITDA margin: 18 %
Net income: 116,7 millions d'euros
Free cash flow: -36 millions d'euros
1 327 millions d'euros
Guidance from the release
Relèvement des objectifs 2026 ; croissance de +7% à +9% à périmètre et change constants
Risks mentioned
Hausse des coûts de l'énergie devant se matérialiser davantage au second semestre
Effets de change défavorables (dollar, roupie indienne, livres turque et égyptienne)
Visibilité limitée aux États-Unis et en Inde, prix volatils et concurrence tendue
Opportunities identified
Contribution en année pleine du four 6 au Sénégal améliorant les coûts de production
Hausses de prix annoncées aux États-Unis à compter de l'été
Acquisition d'Araïko renforçant les capacités en intelligence artificielle industrielle
Outlook / guidance
Expected revenue: 4 162 millions d'euros
Management commentary: Croissance de +7% à +9% du chiffre d'affaires à périmètre et change constants.
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
