Cementir - December 2017

Cementir's turnover for the first nine months of 2016 rose by 31.6 per cent to EUR963.8m thanks to the Belgian acquisition and good Nordic performance, while Italy and Turkey contributed less. EBITDA rose by 28.3 per cent to EUR152.1m but by just 0.6 per cent on a comparative basis. The trading profit was ahead by 34.1 per cent to EUR78.3m. After a net financial charge of EUR14.9m compared with EUR14.4m, the pretax profit rose by 40.1 per cent to EUR66.9m. Net debt at the end of September was 79.8 per cent higher at EUR630.3m, largely reflecting the acquisition of the Belgian cement producer Compagnie des Ciments Belges by Aalborg Portland Holdings for EUR312m in October of last year.

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