Cimpor - March 2017


With declining volumes in Cimpor's three most important markets; Brazil, Argentina and Portugal, the turnover fell by 26.1 per cent in 2016 to EUR1842.8m and EBITDA came off by 32.9 per cent to EUR352.6m. After a EUR584m impairment charge against the goodwill carried in Brazil, the total depreciation and amortisation charge was more than trebled to EUR781.5m, giving a trading loss of EUR428.9m compared with a profit of EUR313.3m in the previous year. After a net financial charge 8.7 per cent lower at EUR370.7m, the pretax loss jumped from of EUR92.8m to EUR799.6m. A 9.7 per cent higher tax credit of EUR13.6m tax credit gave a net attributable loss of  EUR787.6m compared with a loss of EUR71.2m in the previous year.

To continue reading this story and have 100% free access to the CemNet.com website, please Register for a subscription to International Cement Review or Login