Cimpor - May 2015

Cimpor has reported a first-quarter turnover 7.4 per cent higher at EUR636.6m, but EBITDA declined by 7.2 per cent to EUR123.4m. The trading profit (EBIT) was 17.6 per cent lower at EUR74m. The net financial charge declined by 18.9 per cent to EUR75.3m to give a pretax loss of EUR1.3m, compared with EUR3.1m a year earlier. At the net attributable level there was a loss of EUR17.2m, compared with a loss EUR10.8m a year earlier. The net debt was 0.6 per cent lower at EUR3522m, but the gearing level rose from 300.6 per cent to 305.3 per cent primarily reflecting exchange rate movements.

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