Cement News tagged under: Cementir
ICR interviews Cementir's Francesco Caltagirone Jr05 July 2018, Published under Cement NewsIn the July issue of ICR, cement associations and producers reflect on the past three decades, highlight the industry’s achievements and look at the way ahead as climate change and other challenges drive changes in the industry. In this interview, ICR speaks with Francesco Caltagirone Jr, chairman & CEO, Cementir Holding SpA. ICR How has your company evolved over the last 30 years and what has changed most, at a plant or company level, over that period? Francesco Caltagirone Jr (FC) C... |
Cementir sets out plans in the run-up to 202027 June 2018, Published under Cement NewsIn the company's 2018-20 business plan, Francesco Caltagirone Jr, chairman and CEO of Cementir, vowed to generate more value for shareholders, presenting his vision for the next two years. Cementir's revenue is expected to grow by 5.5 per cent between 2017 and 2020, with a target set at EUR1.34bn in 2020. EBITDA is expected to rise by 6.6 per cent to EUR270m from EUR223m in 2017. To improve profitability and efficiency in all areas, the company would continues its drive to rationalise pro... |
Cementir suffers 1Q18 weather effects11 May 2018, Published under Cement NewsCementir's first-quarter turnover declined by 13.4 per cent to EUR242.3m, while adjusting for the Italian operations disposed of, the reduction was a more modest 1.6 per cent. EBITDA improved by 4.7 per cent to EUR24.1m, while at the trading level there was a swing from a EUR0.95m loss to a EUR6.31m profit. Helped by the interest line turning positive, the pretax result went from a EUR6.18m loss to a profit of EUR7.20m. Net debt at the end of March was EUR387.1m compared with the EUR646.4m a... |
Cementir appoint Board of Directors for 2018-2020 April 2018, Published under Cement NewsCementir's recent shareholders' meeting appointed the Board of Directors for the three-year period 2018-20. Francesco Caltagirone (Chairman), Alessandro Caltagirone, Azzurra Caltagirone, Edoardo Caltagirone, Saverio Caltagirone, Carlo Carlevaris, Fabio Corsico, Mario Delfini, Veronica De Romanis, Paolo Di Benedetto, Chiara Mancini, Roberta Neri, were elected from the majority slate submitted by Calt 2004 Srl, owner of 30.078 per cent of the company's share capital. Adriana Lamberto Florist... |
Cementir Holding completes acquisition of Lehigh White Cement Co stake04 April 2018, Published under Cement NewsCementir Holding completes today the acquisition of an additional 38.75 per cent stake in Lehigh White Cement Co. The acquisition of the stake from HeidelbergCement-owned Lehigh Cement Co LLC was announced on 14 February 2018 and purchased at a price of US$106.6m, on a cash and debt-free basis. Following the transaction, Cementir will hold 63.25 per cent of shares in Lehigh White Cement Co, with the balance of shares owned by Cemex Inc. The purchase allows Cementir to directly manage ... |
Cementir announces 13% EBITDA rise in 201809 March 2018, Published under Cement NewsCementir reported a 10.9 per cent increase in revenues to EUR1.14bn in 2017 from 1.028bn in 2016. EBITDA advanced by 12.6 per cent to EUR222.7m while net profit edged up 6.2 per cent to EUR71.5m from EUR67.3m. The figures do not include the Cementir Italia Group (discontinued operations), but do include Compagnie des Ciments Belges SA (CCB), which Cementir acquired on 25 October 2016. The company's net financial debt decreased from EUR562.4m to EUR536.6m. Employees reached 3021. "The ye... |
A time of reassessment for HeidelbergCement23 February 2018, Published under Cement NewsThis week it was announced that HeidelbergCement would be selling its 51 per cent stake in the Lehigh White Cement Co LLC while the company also reported on its full-year and 4Q17 results . The sale of HeidelbergCement's interest in the Waco and York cement plants in the USA would mean a complete exit from the North American white cement market for the Germany-based multinational. HeidelbergCement is carrying out a global portfolio review and optimisation process to generate cash flow. T... |
Cementir boosted by full-year results from Belgium15 February 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to 220.5m. As regards the continuing business, the turnover advanced by10.9 per cent to EUR1140.0m and EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end, ... |
Cementir benefits from acquisitions12 May 2017, Published under Cement NewsCementir's first-quarter turnover rose by 33 per cent to EUR279.9m while on a like-for-like basis the improvement was just 0.5 per cent. EBITDA improved by 7.9 per cent to EUR23m, with only the Nordic countries showing an improvement. At the trading level there was a reduction from a EUR1.2m, profit to a EUR1m loss and at the pretax level the loss increased by 2.8 per cent to EUR6.2m. Net debt at the end of March was EUR646.4m compared with the EUR271.9m a year earlier to give a gearing l... |
Cementir looks to mature markets10 March 2017, Published under Cement NewsCementir Holding released its 2016 results this week and relied on its Malaysian and Scandinavian operations to offset poor results in its Italian market. "Strong performance in the Scandinavian countries and Malaysia have substantially offset lower earnings in Turkey, Egypt and Italy. Also Group results have been negatively affected by the depreciation of the Turkish lira and, since the Brexit vote, the British pound, together with the fall in the value of the Egyptian pound and geographi... |