Italcementi reassures investors
The CEO of Italian cement and concrete group Italcementi, Carlo Pesenti, spoke to investors in Milan yesterday in order to assure them that the business plan set out for the 2008-2012 period was still within reach. Mr Pesenti was circumspect with regard to predictions of second-half results, saying that the market was fluctuating on a daily basis. The figures from the third quarter should provide indicators of the company’s financial status, however. Overall, the construction sector is in recession and is not expected to make a recovery until 2010.
Published under Cement News
