Cementir full-year expectations in line with 2014

Italian cement major Cementir has confirmed the expectations for a 2015 in line with 2014, chairman and CEO, Francesco Caltagirone Jr, said at the end of the shareholders' meeting.

The company may benefit from the drop in oil price and the appreciation of the dollar. An upgrade of the 2015 targets is possible, Mr Caltagirone noted.

On its domestic market of Italy, the company head said that in the first two months of 2015, the market showed a stabilisation of cement consumption after seven years of decline and small signs of recovery, he added.

Mr Caltagirone further added that Cementir aims to grow through acquisition and is evaluating potential opportunities, but without specifying any details. (Abstracted from an original article in Il Sole 24 Ore)