Cement News tagged under: business results

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Buzzi Unicem FY21 preliminary regional results see 7% rise in cement sales

10 February 2022, Published under Cement News

Cement sales of the Buzzi Unicem group amounted to 31.2Mt in 2021, increasing by 6.7 per cent when compared to 2020. Ready-mix concrete output, which stood at 12.1Mm 3 , was also up, by 3.4 per cent, compared to the volumes of last year. Consolidated net sales for the financial year increased from EUR3222.4m to EUR3445.6m. The sales volumes achieved by the group in 2021 exceeded the level of those reached in the previous year, thanks to the progress recorded in Italy, the USA and easter...

Tokyo Cement (Lanka) reports 20% increase in revenues

10 February 2022, Published under Cement News

Tokyo Cement Group reported a 20 per cent advance in its turnover to LKR13.771bn (US$68.1m) for the third quarter ended 31 December 2021 when compared with LKR11.456bn in the 3QFY21-22. Profit for tax during the 3QFY21 grew by 38 per cent YoY to LKR1.986bn in the 3QFY21-22. Profit after tax reached LKR1.649bn, up from LKR1.303bn in the 3QFY20-21. However, sales volumes fell by three per cent as the company saw shortfalls in the supply chain, including the breakdown of a cement mill for m...

Cementir records 11.2Mt of cement and clinker sales in 2021

09 February 2022, Published under Cement News

During 2021, Cementir’s   cement and clinker sales volumes reached 11.2Mt, up 4.1 per cent compared to 2020 thanks to a favourable trend in all countries.   Sales volumes of ready-mixed concrete, equal to 5.1Mm 3 , increased by 14.8 per cent mainly due to Turkey and, to a lesser extent, Denmark and Norway.  In the aggregates segment, sales volumes reached 11.1Mt, up 8.1 per cent.   Group revenue set the historical record of EUR1360m, up 11 per cent compared to EUR1224.8m in 2020....

VICEM sees 29.4Mt of cement and clinker sold in 2021

08 February 2022, Published under Cement News

Vietnam-based Vietnam Cement Industry Corp (VICEM) sold 29.44Mt of cement and clinker in 2021, reflecting stable sales when compared with 2020, according to local media. VICEM’s cement sales reached 24.16Mt while clinker sales reached 5.28Mt. The company’s output saw a 2.1 per cent drop to 21.47Mt of clinker and 24.1Mt of cement. The company’s revenues remained level at VND33.81trn (US$1.46bn) when compared with 2020. Its pretax profit slipped 1.3 per cent YoY to VND2.05trn. In 2021 V...

HeidelbergCement releases preliminary guidance for 2021 results

01 February 2022, Published under Cement News

In the course of the preparation of the consolidated financial statements of HeidelbergCement AG for the FY21, the revenue and results of the HeidelbergCement Group are in part significantly above the published forecast of the company and the current capital market expectations. The capital market expectations are based on the mean value of the latest consensus estimates of financial analysts, compiled by Vara Research on 28 January 2022.    Therefore, HeidelbergCement publishes the f...

Orient Cement sees 3Q profit fall by 19% YoY

01 February 2022, Published under Cement News

CK Birla-owned Orient Cement reported an 18.9 per cent decline in net profit to INR436.7m (US$5.84m) for the third quarter, ended 31 December 2021. In the equivalent quarter of 2020, the company had posted a net profit of INR538.8m, said the company in a filing to the Bombay Stock Exchange (BSE). Orient Cement’s revenue in the 3QFY21-22 edged up 2.1 per cent to INR6.175bn, compared with INR6.046bn in 3QFY20-21. Total expenses increased by 4.6 per cent to INR5.526bn in the 3QFY21-22 fro...

FLSmidth updates financial guidance for 4Q21 and 2021 performance

28 January 2022, Published under Cement News

FLSmidth updated its preliminary full year 2021 revenue guidance replacing its financial guidance provided on 11 November 2021. This improvement was primarily driven by the Capital business in the 4Q21.   Revenue is now estimated at DKK5.1bn (US$763.6m) in the 4Q21 and DKK17.6bn (US$2.63bn) for the full year compared to DKK16-17bn previously forecast. EBITDA margin is forest to reach 6.6 per cent in the 4Q21 and 5.9 per cent in the full year compared to 5-6 per cent in the earlier full ...

Bizerte reports 18% increase in sales in 2021

28 January 2022, Published under Cement News

Tunisia-based Les Ciments de Bizerte reported a 17.8 per cent advance in revenues to TND130.8m (US$45.1m) in 2021 from TND111m in 2020. Domestic sales increased by five per cent to TND110.6m from TND105.4m in 2020 while export sales surged from TND5.7m to TND20.2m over the same period. Cement production edged up 2.7 per cent to 673,079t.

GCC reports favourable performance in 4Q21 and 2021

27 January 2022, Published under Cement News

GCC reported a 10.9 per cent YoY advance in consolidated net sales to US$257.9m in the fourth quarter of 2021. EBITDA remained stable at US$83.1m with an 31.5 per cent EBITDA margin. Total cement volumes in the US grew by 5.1 per cent, but excluding oil well cement, they fell 5.5 per cent when compared with the 4Q20. Consolidated sales were further supported by a rise in US cement and ready-mix prices of 11.8 per cent and three per cent, respectively. In Mexico cement and ready-mix volum...

Ha Tien sees 65% drop in 4Q net profit

26 January 2022, Published under Cement News

Ha Tien 1 Cement JSC , in which Vietnam Cement Industry Corp holds a 79.7 per cent stake, reported a 65.4 per cent YoY fall in consolidated net profit to VND53.32bn (US$2.3m) in the 4Q21 due to a decrease in gross profit. The company’s net profit during the quarter declined 8.5 per cent YoY to VND2.02trn. In 2021 the company saw a 39.1 per cent drop in consolidated net profit to VND369.86bn on a net revenue of VND7.06trn, down 11.3 per cent YoY.