6 - Vicat

9EXAMINATION OF THE FINANCIAL POSITION AND RESULTS9.1. INTRODUCTIONCountryCementConcrete& AggregatesOther Products& ServicesFrance ▼ ▼ ▼United States ▼ ▼Switzerland ▼ ▼ ▼Turkey ▼ ▼Senegal ▼ ▼Egypt▼Italy▼Mali▼Kazakhstan▼India ▼ ▼Mauritania ▼ ▼In 2010, the Group’s total shipments in these main businesses amounted to 16.2 million tonnes of cement, 7.7 million m 3of concrete and 20.8 million tonnes of aggregates. In France and Switzerland, the Group also operates in activitiescomplementary to the main businesses.9.1.1. Summary of the Group’s 2010 resultsDuring the financial year 2010, the Group’s consolidatedsales were € 2,014 million, up 6.2 % comparedto 2009 and 0.3 % at constant consolidation scopeand exchange rates.Against an economic background that is still difficultin most mature countries, the Group’s business fell inFrance (-1.5 %), in the United States (-14.3 %) and inEurope (-4.6 %) at constant consolidation scope andexchange rates. On the other hand, business continuedto grow in Africa and the Middle East (+5.5 %),and recovered strongly in Turkey, +23.2 %. Overall,the consolidated net sales of the Group at constantconsolidation scope and exchange rates increasedslightly compared to 2009.Change in 2010/2009 sales by business and geographical region :France Outside France TotalIn millionsIn millionsIn millionsof euros Change of euros Change of euros ChangeCement (5) - 1.8 % 89 + 13.5 % 84 + 8.8 %Concrete & Aggregates (7) - 1.8 % 28 + 9.2 % 21 + 3.0 %Other Products & Services - = 13 + 14.5 % 13 + 5.4 %Total (12) - 1.5 % 130 + 12.5 % 118 + 6.2 %The Group’s levels of operating profitability improvedboth in terms of EBITDA (€ 504 million, equivalent to25.0 % of sales, compared with 24.9 % in 2009), andin terms of operating income (€ 333.5 million, up by9.7 %, equivalent to 16.6 % of sales, compared with16.0 % in 2009).This was the result of contrasting changes indifferent countries :• the continuing significant decrease in business inthe United States, in a business climate that is stilldifficult ;• a slight fall in prices in the French market ;• recovery in Turkey, thanks to the recovery in volumesand prices ;• in a consistently improving business environment,a continuation of the rise in margins in Africa andthe Middle East, as a result of the investment plansin Egypt and Senegal.The net consolidated income was € 264 million, upby 13.1 % compared to 2009 (€ 234 million), includinga Group share of € 203 million, up by 5.9 % comparedto 2009 (€ 191 million).70 VICAT 2010 registration document