6 - Vicat

9EXAMINATION OF THE FINANCIAL CONDITION AND RESULTS9.2. COMPARISON OF RESULTS FOR 2009 AND 20089.2.2.2. Change in the operating profit by geographic areas9.2.2.2.1. Income statement FranceVariation (%)At constant scope(in millions of euros) 2009 2008 Published and exchange rateConsolidated sales 844 1,017 (17.0) (17.0)EBITDA 206 262 (21.1) (20.7)EBIT 153 209 (26.6) (26.1)Consolidated sales in France show a 17.0 % decline at constant scope. EBITDA is down by nearly 21 % at € 206 million.The EBITDA margin has measured decrease and has settled at 24.2 %, compared to 25.5 % in 2008. This fallhas been partially offset by the positive effects of the “Performance 2010” plan and by the additional cost-cutting“Performance +” plan which was fully beneficial in the second part of the year. This variation reflects trends that aredifferentiated according to business :• decline in operational profitability of the Cement business resulting from a decrease in volumes and partially compensatedby an increase in sales prices and the impact of the “Performance 2010” and “Performance +” plans ;• decline in the margin in the Concrete & Aggregates business, increases in sales prices not fully compensating themarked decrease in volumes ;• stagnation in the margin of the Other Products & Services business mainly due to a considerable decrease in theTransport business.9.2.2.2.2. Income statement Europe (excl. France)(in millions of euros) 2009 2008PublishedVariation (%)At constant scopeand exchange rateConsolidated sales 298 283 5.3 (0.5)EBITDA 80 67 19.7 13.2EBIT 55 49 11.0 6.3Consolidated sales in Europe, excluding France, show an increase of 5.3 %. at current scope and exchange rate effects,business is slightly decreasing, by 0.5 %.EBITDA has gone up by 13.2 % at constant scope and exchange rate, i.e. at 26.8 %, a 3.2 point rise in the EBITDA margin.This change comes mainly from the effects of the “Performance 2010” plan on the Cement business in Switzerland,as well as a strong growth in the EBITDA in Italy, given lower cement and clinker purchasing prices.9.2.2.2.3. Income statement United States(in millions of euros) 2009 2008PublishedVariation (%)At constant scopeand exchange rateConsolidated sales 187 268 (30.4) (35.8)EBITDA 12 49 (75.7) (76.4)EBIT (17) 23 (173.2) (164.6)80 VICAT - 2009 registration document