Cementir - May 2017
Cementir's first-quarter turnover rose by 33 per cent to EUR279.9m while on a like-for-like basis the improvement was just 0.5 per cent. EBITDA improved by 7.9 per cent to EUR23m, with only the Nordic countries showing an improvement. At the trading level there was a reduction from a EUR1.2m, profit turned to a EUR1m loss and at the pre-tax level the loss increased by 2.8 per cent to EUR6.2m. Net debt at the end of March was EUR646.4m compared with the EUR271.9m a year earlier to give a gearing level of 62.7 per cent compared with 24.7 per cent a year earlier.
