Italcementi - March 2015

Italcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m, but the underlying EBITDA did improve by 2.9 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m. The trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pretax profit of EUR72.4m compared with EUR27.55m in 2013. The tax charge was 4.6 per cent higher at EUR121.3m while the minorities charge declined by 24.3 per cent to give a net attributable loss of EUR107.1m, down from EUR165m in 2013. 

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