The cement volume fell by 12.6% to 12.6m tonnes, with the main reductions taking place in the Ukraine, Russia, the Czech Republic and the USA, while ready-mixed concrete deliveries declined by 18.9% to 6.84m m³
The reduction in cement and clinker volumes in Italy was limited to 15.0%, thanks to additional grinding centres having been acquired from Cemex, which has now withdrawn from Italy. In ready-mixed concrete there was a 16.2% volume reduction in the period. Buzzi Unicem’s Italian turnover fell by 16.6% to €372.1m and the EBITDA dropped by 62.5% to €33.6m. Costs for kiln fuel and electric power did fall somewhat in the period, but remained high.
In Germany, Dyckerhoff’s turnover declined by 14.5% to €247.1m and the EBITDA fell by 45.9% to €25.2m, before crediting release of provisions, essentially the over-provision of a cartel fine. Domestic cement deliveries as well exports to Poland and Russia dropped, but there was an increase in exports to The Netherlands. Ready-mixed concrete deliveries declined by 23.0%, but domestic prices improved both for cement and ready-mixed concrete. Luxembourg cement and clinker volumes were 17.0% lower, though prices improved by an average 4.2%. The turnover declined by 13.5% to €45.9m and the EBITDA fell by 26.6% to €5.6m. The Dutch turnover declined by an underlying 7.6% to €54.9m while the EBITDA dropped by 78.6% to €0.9m, as ready-mixed concrete and aggregates fell by respectively 18.2% and 31.8%.
