Cementir turnover soars as foreign expansion continues

Cementir turnover soars as foreign expansion continues
Published: 16 February 2006

Cementir has posted its results for 2005. The Italian cement group generated turnover of Euro 857m, an increase of 117 per cent on the previous year, and a gross operating margin of Euro 184m, up 92 per cent. The operating profit doubled to Euro 119m.  Until as recently as 2001, the Italian market accounted for all of Cementir’s revenue; now it accounts for just 20 per cent. In four years, the group has invested Euro 1bn in foreign acquisitions.