Italcementi net profit down Jan-Sept 2004

Italcementi net profit down Jan-Sept 2004
Published: 08 November 2004

The Italian cement producer and distributor Italcementi S.p.A. ended the first nine months of 2004 with a consolidated net profit of Euro 222.2m (US$286.4m), down by 3.5 per cent year-on-year, it was reported on November 5, 2004.  Italcementi generated a consolidated revenue of Euro3.4bn (US$4.382bln) for
January to September 2004, up by 5.9 per cent year-on-year. The company’s net profit for the third quarter of 2004 dropped by 14.3 per cent YoY to Euro 92.7m euro (US$119.5m), while its revenue went up by 4.8 per cent year-on-year to Euro1.16bn (US$1.495bn).

Italcementi consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose by 0.3 pct year-on-year in the third quarter of 2004 to Euro 316.2m (US$407.5m), while EBITDA rose by 5.9 per cent year-on-year for the first nine months of 2004. Operating profit for the third quarter of 2004 went up by 1.6 per cent YoY and by 9.9 per cent YoY to Euro 569.6m (US$734.1m) for January to September 2004.