Cimpor - November 2014
Cimpor's nine-month turnover declined by 1.6 per cent to EUR1952.2m and EBITDA was off by 4.2 per cent to EUR461.1m as the Brazilian, Argentine and South African currencies declined by 10, 36 and 14 per cent, respectively. South America generated 69.1 per cent of EBITDA in the nine months compared with 79.5 per cent a year earlier. The trading profit (EBIT) came down by 2.6 per cent to EUR321.5m and the net financial charges declined by 1.2 per cent to EUR287.1m to give a pretax profit 12.7 per cent lower at EUR34.4m. The tax charge was 16.2 per cent lower at EUR47.1m. The net attributable loss was 1.3 per cent lower at EUR17.7m. Net debt at the end of September stood at EUR3668m, giving a gearing level of 4.04 times shareholders' funds. Group cement and clinker shipments increased by 8.2 per cent to 22.75Mt.