Cement News tagged under: Cementir
Cementir's pre-tax profit more than doubles08 November 2013, Published under Cement NewsCementir's turnover for the first nine months of 2013 increased by 1.4 per cent to EUR741.4m as higher numbers in the Nordic countries, Turkey and the Far East nor than offset the reductions in Italy and Egypt, but the EBITDA did rise by 22.3 per cent to EUR116m. The trading profit advanced by 65.6 per cent to EUR50.7m. After a net financial charge 20.9 per cent lower at EUR11m the pre-tax profit again more than doubled to EUR39.7m compared with EUR16.7m a year ago. Net debt at the end of S... |
Cementir improves first-half margins29 July 2013, Published under Cement NewsCementir's turnover improved by 2.2 per cent to EUR472.4m (US$627.6m) during first half of the year as improvements in the Far East, the Americas, Norway and Turkey more than compensated for lower volumes in Italy and Denmark. The EBITDA improved by 10.8 per cent to EUR62m while the depreciation and impairment charge was 3.5 per cent ahead at EUR44.3m, leaving the trading profit 34.8 per cent ahead at EUR17.7m. The net financial charge was reduced by 71.1 per cent to EUR2.4m, resulting in... |
Cementir hit by hard Nordic winter13 May 2013, Published under Cement NewsCementir's first-quarter turnover eased by 0.3 per cent to €194.7m and the EBITDA declined by 26.9 per cent to €9.2m as the cement major was hit by a hard Nordic winter weather. The trading loss increased by 56.1 per cent to €12.4m, but at the pre-tax level the increase in the loss was a more modest 20.3 per cent up to €13.7m. The severe winter weather in Scandinavia and Italy had a particularly negative effect in the month of March. As a result, Scandinavian cement shipments were down b... |
Cementir improves profits in spite of lower volumes01 February 2013, Published under Cement NewsCementir Holding saw turnover advance by 4.6 per cent to €976.2m, helped by better prices, and the EBITDA improved by 11.1 per cent to €138.0m. Net debt at the end of 2012 was 4.2 per cent higher at €373m. The number of employees increased by 3.3 per cent to 3307. Group shipments of grey and white cement declined by six per cent to 9.85Mt, reflecting lower volumes in Italy and in Egypt and a decline in exports from Turkey. This was in part offset by higher volumes in the Far East. Aggre... |
Cementir's ready-mixed concrete volumes weaken08 November 2012, Published under Cement NewsCementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m. The net financial charge declined by 37.4 per cent to €13.9m to give a more ... |
Cementir expects a better second half from Turkey26 July 2012, Published under Cement NewsCementir's first half turnover improved by 2.6% to €462.5m, with improvements in the Nordic area, the Far East and Egypt, being partially offset by weaker numbers in Italy and in Turkey. EBITDA improved by 17.5% to €55.9m and a depreciation and impairment charge just 1.8% higher at €42.8m, the trading profit jumped 136.1% to €13.2m. In spite of a 14.9% increase in the net interest charge to €9.2m and helped by an 83.8% increase in the income from associates to €0.9m, a pre-tax profit of... |
Cementir entering Britain05 July 2012, Published under Cement NewsThe Italian cement and aggregates group Cementir is entering the British market – not in cement or aggregates, but in waste management through its Turkish subsidiary Recydia. In Turkey, Recydia collects refuse to burn in its immediate parent's cement kilns. Recydia has invested GBP8.9m (€11m) in buying a company collecting and recycling municipal and industrial waste in Manchester, Liverpool and Lancashire in the north of England. The burning of waste in Britain's cement kilns has, ... |
Cementir boosts trading profit by 61%09 March 2012, Published under Cement NewsCementir Holding increased turnover by 10.8% to €933m and the EBITDA advanced by 14% to €124.2m. With depreciation and impairment provisions being just 1.8% higher at €88m, the pre-tax profit advanced by 60.8% to €36.2m. However, a swing in net financial items from a €1.3m profit to a €22.6m loss was the prime factor behind a 39.8% reduction in the pre-tax profit to €36.2m. The net attributable profit came down by 67.6% to €3m. Net debt at the end of the year was 6.4% higher at €357.5m to g... |