Cement News tagged under: Cementir
Cementir performs well in Denmark11 March 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m. Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gearing level of 26.7 per cent as shareholders’ funds increased by 9.3 per cent. Capital investme... |
Cementir shareholders approve capital hike24 February 2015, Published under Cement NewsThe shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years, according to a statement released yesterday. The Italian cement major said in January it would ask its shareholders to approve an increase of up to EUR300m, including share premium, in one or more tranches. Via the rights issue, Cementir aims to increase its resources and financial flexibility in implementing i... |
Cementir increases profit and reduces debt06 February 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but at constant currencies there would have been a 5.3 per cent increase. The EBITDA, however, improved by 13.4 per cent to EUR192.4m, in spite of negative exchange rate movements though it was boosted by non-recurring credits of around EUR12m. As a result, the margin improved from 17.2 per cent to 20.3 per cent, or to 19 per cent excluding non-recurring items. The trading profit again showed a more marked advance, ri... |
Cementir Holding plans rights issue, Italy14 January 2015, Published under Cement NewsCementir Holding is to ask it shareholders to approve a rights issue of up to EUR300m, the Italian cement major has said. The board is calling an extraordinary shareholders’ meeting on 23 February 2015 to mandate the board for the rights issue to be carried out in five years, in one or more tranches, with pre-emptive rights, Cementir said in a statement. “The purpose of this proposal is to increase the capital resources and the financial flexibility of the company as part of the implementa... |
Cementir boosts pretax profit11 November 2014, Published under Cement NewsCementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes fell further. EBITDA, however, did increase by 10 per cent to EUR127.7m and the trading profit advanced by 31.7 per cent to EUR66.8m. After a net financial charge that was reduced by 72.4 per cent to EUR3.1m, the pre-tax profit jumped by 60.7 per cent to EUR63.7m compared with EUR39.7m a year ago. Net debt a... |
Cementir's growth impeded by the strong euro30 July 2014, Published under Cement NewsCementir's turnover emerged just 0.1 per cent ahead at EUR472.8m in first half of the year, as the improvement in Denmark and Norway was offset by currency weakness and the continuing decline in Italy. EBITDA, however, rose by 26.4 per cent to EUR78.4m and was helped by a 7.8 per cent reduction in depreciation and similar charges. The trading profit was more than doubled and jumped ahead by 112 per cent to EUR37.6m. The net financial charge was jumped from EUR2.8m to EUR7.3m, resulting in... |
Cementir advances in Nordic area and Turkey12 May 2014, Published under Cement NewsCementir showed a 6.1 per cent recovery in first quarter turnver to EUR206.6m and EBITDA jumped from EUR9.2m to EUR24.6m, reflecting improved profits from the Nordic countries and from Turkey. At constant exchange rates, the turnover would have been ahead by 17.1 per cent. The trading loss recorded in recent first quarters was replaced by a EUR4.9m profit this time, while the pre-tax loss was reduced from EUR13.7m to EUR1.8m. Net debt at the end of March was 9.4 per cent lower at EU... |
Cementir offsets a weaker Italy by better markets elsewhere06 February 2014, Published under Cement NewsCementir Holding's turnover improved by 1.3 per cent to EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m. As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items. The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ... |
Cementir sets out 2014-16 business targets18 December 2013, Published under Cement NewsCementir's Board of Directors has approved the company's 2014-16 Business Plan which sees average annual EBITDA growth of around 16 per cent over the period. The plan lays the foundations for a further period growth following positive trends seen during 2013, the company said in a statement released yesterday. The strategy focuses on four key priorities: Improving the profitability of the current business Consolidating the group’s leadership in the white cement market Complet... |
Cementir’s Taranto cement plant to cease clinker production by year-end09 December 2013, Published under Cement NewsCementir is to cease clinker production from its 1.4Mta integrated Taranto works at the end of December, but milling operations are set to continue at the southern Italy-based plant. The company reiterated that weak domestic demand has led to a reduction in production levels, although for 2014 there are early indications of a slight recovery in consumption. Over the first nine months of the year, Cementir’s domestic deliveries were down by another 14 per cent and turnover declined by E... |