Aalborg Portland’s cement business contributed a turnover 8.4% higher at EUR298.7m and its EBITDA rose by 13.1% to EUR95.7m. Apart from its strong position in the international white cement market, Aalborg Portland has a dominant share in the Danish grey cement market and an important share of the Icelandic market.
Unicon, which covers the downstream operations in Denmark, Norway and Sweden, generated an 11.9% increase in turnover to EUR364.8m and the EBITDA improved by 11.3% to EUR43.2m. At the beginning of March 2008, Unicon announced the acquisition of Kudsk & Dahl, which operates in southern Denmark, for EUR21m. Kudsk & Dahl sells 1.2Mt of aggregates and 0.1Mm³ of ready mixed concrete per annum, generating a turnover of€16m and an EBITDA of EUR3m.