Cementir - July 2018
Cementir's underlying turnover improved by 5.7 per cent to EUR588.5m in first half of the year, as the improvements in Denmark, Belgium, Turkey, Malaysia and China as well as inclusion of Lehigh White Cement for three months offset lower results from Norway and Egypt as well as currency weakness in a number of countries. EBITDA improved by 9.5 per cent to EUR96m. The trading profit improved by 14.4 per cent to EUR58.5m. The net financial profit swung from a EUR10.7m loss to a profit of EUR35.5m, resulting in a pretax profit rising from EUR27.7m to EUR80.1m. The net attributable profit jumped from EUR15.56m to EUR77.6m. The net debt at the end of June stood at EUR395.3m compared with EUR262.9m a year earlier, giving a gearing level of 35.7 per cent compared with 28.5 per cent a year earlier.
