Holcim Cesko reports 1% 2010 sales drop, Czech Republic

Holcim Cesko reports 1% 2010 sales drop, Czech Republic
20 June 2011

Holcim Cesko registered a one per cent fall in sales to Kc1.96bn (EUR81m) last year from Kc2.1bn seen in 2009, according to data CTK has and to what weekly Euro writes in its Monday issue.

Last year can be labelled as the year of the double crisis, said board chairman Patrick Stapfer.

Holcim was affected by cuts in state investments in infrastructure projects and public investments in general. The company expected to rebound from the bottom after the less successful year 2009, but this did not transpire, he added.

The company was able to maintain adequate profit during recession, mainly thanks to higher sales of gravel which increased by over 400t to 1.65Mt last year.

"In the time of recession, we have managed to keep an adequate profit and meet all our pledges to partners," said sales director Zdenek Kadlec.

However, Holcim’s reps are very cautious as regards estimates for this year. The building market this year is not yet copying the overall economic situation which signals an improvement.

"We are therefore taking into consideration also forecasts about further potential decline in the construction business on the Czech market," Kadlec added.

Published under Cement News