Cementir’s cement deliveries fall by 4%

Cementir’s cement deliveries fall by 4%
Published: 12 February 2009

Cementir’s turnover, which was virtually unchanged after nine months, declined by 4.8% for the full year to EUR1,092m.  The EBITDA fell by 23.7% to EUR209m and the trading profit dropped by 35.1% to EUR128m.  Net debt at the end of December stood at EUR416.6m, 14.1% higher than a year earlier, but 11.7% lower than at the end of September.  Shipments of grey and white cement declined by 3.9% in the year to 10.46m tonnes, while ready-mixed concrete deliveries fell by 10.5% to 4.06Mm³. Shipments of aggregates, however, were helped by the acquisition of Kudsk & Dahl in Denmark and rose by 27.2% to 4.54Mt.  The full results should be announced on the 19th of March.