Romanian cement producers post EUR191m net profit in 2006

Romanian cement producers post EUR191m net profit in 2006
Published: 21 August 2007

Romania’s cement producers Lafarge, Carpatcement and Holcim posted a 45% up to 155% hike in their 2006 net profit worth RON675m (nearly EUR191m).

The data published by Romania’s Ministry of Economy and Finance indicated that the three companies posted a 29% up to 40% hike in their 2006 turnover.

Carpatcement Holding posted in 2006 a net profit worth RON222m (EUR63m), nearly threefold the 2005 net profit worth RON86.9m. The company’s 2006 turnover amounted to RON796.7m (EUR226m), up 40% from 2005 turnover worth RON567.8m.

Lafarge Ciment posted a 2006 net profit worth RON277.4m (EUR78.8m), up 81% from 2005 net profit worth RON152.5m. The company’s 2006 turnover amounted to RON822.3m (EUR233.6m), up 29% from 2005 turnover worth RON633.4m.

Cement producer Holcim Romania posted in 2006 a net profit worth RON174.9m (EUR49.6m), up 45% from 2005 net profit, while its turnover was up 28.4% to RON774.7m (EUR220m). The company’s 2005 turnover reached RON603.3m, while its net profit net amounted to RON120.5m. The value reported includes the financial results of the company’s all three divisions - cement, concrete and aggregates. However, the cement division accounts for 80% of the company’s total turnover.

The Romanian cement market reached in 2006 an output level of 7Mt and was worth over EUR450m, up 20% from 2005, according to the cement industry association CIROM. The representatives of CIROM estimate for 2007 a 15-20% growth of cement market given the development of residential constructions and infrastructure projects.