Cimpor - March 2015
Cimpor's turnover eased by 0.8 per cent in 2014 to EUR2603.7m while EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8. The net financial charge declined by 8.8 per cent to EUR371.4m, giving a pretax profit 3.5 per cent lower at EUR77.3m. At the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27.2m. Net debt at the end of 2014 stood at EUR3561m, an increase of 3.7 per cent, while shareholders' funds declined by two per cent to EUR928m, giving a gearing level eight per cent higher at 283.7 per cent.