Rises in financial costs and taxes are seen to have penalised the earnings of the company.
The revenue, however, is projected up 8% on the year to EUR2.24bn in 2010.
The investment bank calculates Cimpor’s earnings before interest, tax, depreciation and amortisation (EBITDA) at EUR 624m, up 3%.
Banif does not forecast the 2010 results to drive the shares. The bank advises "buy" on the stock with a share price target of EUR 6.10.
Cimpor will release its last year’s earnings tomorrow.
