North America and Italy lead Italcementi’s volumes lower
Italcementi saw its turnover decline by 13.3% last year, to €5,006.4m, of which consolidated Italian operations contributed about €731m, a drop of 26.7%. Group cement deliveries declined by 11.1% to 55.7m tonnes and the cement turnover was down by 11.9% to €3,638.6m, with the most notable drops in volume incurring in North America and in Italy as well as in international cement trading. Downstream, shipments of aggregates declined by 19.1% to 39.1Mt and the ready-mixed concrete volume fell by 19.2% to 11.2Mm³.
The cement and clinker volumes in western Europe were down by 16.4% to 20.1Mt, with Italy posting a 19% drop to 9.8Mt. With Calcestruzzi not being consolidated, the European downstream operations are dominated by France. The aggregates volume fell by 19.1% to 35.4Mt and ready-mixed concrete deliveries declined by 18.6% to 6Mm³. The western European turnover was down by 17.3% to €2.754.4m, with Italy showing 22.8% drop to about €928m.
North American turnover fell by 19.8% to €401.2m, which at constant exchange rates translates into a 24.3% drop. Cement deliveries dropped by 24.6% to 4Mt, and the ready-mixed concrete production declined by 23.0% to 0.8Mm³, though, thanks to acquisitions, the aggregates volume advanced by 42.6% to 0.6Mt. The international trading activities saw cement and clinker volumes drop by 24.5% to 4.1m tonnes, but ready-mixed concrete volumes more than doubled to 0.4Mm³, thanks to acquisitions in the Middle East.
Published under Cement News
