Cement News tagged under: Cementir
Cementir's 1Q16 revenue falls 1.1% to EUR218.9m12 May 2016, Published under Cement NewsCementir has announced that its results for the 1Q16, despite being lower than the previous year, are in line with management expectations and show a strong performance of operations in the Scandinavian countries, Malaysia and Egypt, which more than offset the lower earnings in Turkey and the difficulties encountered in Italy and China. The performance for the quarter was adversely impacted by the seasonal effect of the earlier Easter holidays with respect to the previous year, says Cementir... |
Cementir reduces debt but also net profit11 March 2016, Published under Cement NewsCementir Holding's turnover in 2015 recovered by 2.2 per cent to EUR969.0m, but EBITDA emerged just 0.8 per cent ahead at EUR194m. The trading profit, however, declined by 6.3 per cent to EUR97.61m while the net interest line went from a negative EUR4.6m to a positive EUR4.0m and the pretax profit improved by 2.2 per cent to EUR101.6m. Higher tax and minorities charges gave a net attributable profit 5.8 per cent lower at EUR67.5m. Net debt at the end of 2015 was 20.2 per cent lower at EUR... |
Cementir given antitrust approval for Sacci deal08 March 2016, Published under Cement NewsThe Italian Antitrust Authority has approved Cementir’s offer to purchase Sacci Spa's cement and ready-mix concrete business divisions. In a statement released yesterday, Cementir Holding said the Italian watchdog had published its decision not to carry out an investigation into the transaction, thus authorising subsidiary Cementir Italia to proceed with the acquisition. Sacci’s composition with creditors will be submitted to the vote of its creditors at a hearing set by the Court for ... |
Buzzi Unicem05 January 2016, Published under Cement NewsThe Italian anti-trust authority has cleared the proposed acquisition by Buzzi Unicem of the cement and aggregates operations of SACCI SpA. However, this deal now looks unlikely to go through as a higher offer for these operations was made by Cementir at the end of December. Cementir is a global reader in white cement and produces grey cement in Denmark, Italy and Turkey. |
Cementir outbids Buzzi to buy Sacci30 December 2015, Published under Cement NewsShares of Italian cement group Buzzi Unicem fell after Cementir outbid its offer for the cement and ready-mix concrete business units of the Italian group Sacci SpA. Sacci has decided to include the EUR125m offer from Cementir Italia in the Sacci creditor protection plan, replacing a previous offer from Buzzi Unicem. Buzzi Unicem’s offer to purchase Sacci SpA had originally been made in March 2015 and had been approved by Italy’s Antitrust Authority in December. |
Cementir Board announces forecasts for 2016, new organisational structure11 December 2015, Published under Cement NewsCementir Holding SpA's Board of Directors has approved the forecasts for the year 2016 and a new organisational structure for the group. The Group is expecting to achieve EBITDA of around EUR190m next year, and net financial debt of about EUR180m, with planned industrial investments of around EUR65-70m. The Italian cement producer said these forecasts are based on conservative assumptions, especially for Turkey, where the geopolitical situation is still highly unstable, with possible effe... |
Cementir: good Nordic & Malaysia results11 November 2015, Published under Cement NewsCementir's turnover for the first nine months of 2015 edged ahead by 0.7 per cent to EUR719.7m as good Nordic and Malaysian performances offset the weakness experienced in Turkey, Egypt and China, while Italy was broadly stable. EBITDA, however, did decline by 1.9 per cent to EUR125.3m and the trading profit came down by 5.7 per cent to EUR63m. After a net financial income of EUR0.6m compared with a charge of EUR3.1m, the pre-tax profit was off by just 0.2 per cent to EUR63.6m. Net debt ... |
Cementir boosted by financial items31 July 2015, Published under Cement NewsCementir's turnover edged ahead by 0.6 per cent to EUR475.7m in first half of 2015, as the improvements in Denmark and Sweden made up for lower results from Norway and Turkey while Italy was broadly stable. EBITDA, however, declined by 6.7 per cent to EUR73.14m. After a 3.4 per cent increase in depreciation and similar charges, the trading profit was down by 17.7 per cent to EUR31m. The net financial item swung from a EUR6.2m loss to a EUR5.3m profit, resulting in a pretax profit 15.3 per ce... |
Cementir advances in Denmark and Sweden12 May 2015, Published under Cement NewsCementir's first quarter turnover eased by 0.9 per cent to EUR204.7m and the EBITDA came off by 1.6 per cent to EUR24.2m, primarily reflecting difficult market conditions in Turkey and Egypt. At constant exchange rates, the turnover would have been down by 4.1 per cent to EUR198.0m. The trading profit declined by 31.5 per cent to EUR3.1m, but at the pre-tax level there was an improvement to EUR3.8m from a loss of EUR1.8m. Net debt at the end of March was 10.2 per cent lower than a year... |
Cementir full-year expectations in line with 201424 April 2015, Published under Cement NewsItalian cement major Cementir has confirmed the expectations for a 2015 in line with 2014, chairman and CEO, Francesco Caltagirone Jr, said at the end of the shareholders' meeting. The company may benefit from the drop in oil price and the appreciation of the dollar. An upgrade of the 2015 targets is possible, Mr Caltagirone noted. On its domestic market of Italy, the company head said that in the first two months of 2015, the market showed a stabilisation of cement consumption after seven... |