Cement News tagged under: business results
LafargeHolcim incurs major impairment charges, rolls out 5-year strategy05 March 2018, Published under Cement NewsLafargeHolcim's underlying turnover for 2017 amounted to CHF26,129m, a decline of 2.9 per cent, while in euro terms there was a 10.2 per cent decrease to EUR22,672m. The Asia-Pacific region generated 28.5 per cent of group turnover, while Europe represented 27.4 per cent and North America 21.7 per cent. Latin America contributed 11.3 per cent and Africa/Middle East 12.9 per cent. Margins improved from 22.1 per cent to 22.9 per cent and underlying operating EBITDA advanced by 0.7 per cent to ... |
Adelaide Brighton announces results for 201705 March 2018, Published under Cement NewsAdelaide Brighton has announced its results for the full-year period, ended 31 December 2017. The company saw a 2.3 per cent YoY fall in net profit to AUD182m (US$141m), but revenue increased 11.7 per cent to finish at AUD1.56bn. The company received AUD17.7m of impairments, significantly higher than the anticipated AUD14m. As a result, the manufacturer has hired forensic accountants to examine whether an employee may have deliberately hidden customer underpayments for supplies over a sus... |
Industry sales in Pakistan grow by 4% in 1HFY1805 March 2018, Published under Cement NewsThe profitability of the cement sector in Pakistan has contracted in the 1HFY18, falling 13 per cent YoY to PKR26.85bn (US$258.4m). This has been attributed to both an increase in the international coal prices and a lower cement retention cost. In the 1HFY18, industry sales grew by four per cent YoY to PKR134.03bn, while cement dispatches recorded a growth of 12 per cent to 19.6Mt. However, this did not result in the topline growth of the sector due to a lower retention price in the north... |
LafargeHolcim02 March 2018, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd reported a 14 per cent increase in cement deliveries in 2017 to 26.21Mt, a sharp reversal of the 2.7 per cent reduction seen in 2016, and the fourth quarter volume increase was 27 per cent to 6.923Mt. Ready-mixed concrete deliveries were up by 11.2 per cent to 2.88Mt, again an improvement on the 10.7 per cent rise seen a year earlier. Volumes are expected to show further advances during 2018 as the federal government spends more on infrastructure a... |
HeidelbergCement02 March 2018, Published under Cement NewsThe 2017 preliminary figures from HeidelbergCement show a 13.8 per cent advance in turnover to EUR17,266m and by 1.1 per cent on a comparative basis, including Italcementi for the full period last year. EBITDA advanced by 14.2 per cent to EUR3297m and the trading profit was ahead by 13.5 per cent to EUR2188m, or by 8.5 per cent including Italcementi. The merger benefits from the acquisition of Italcementi are now expected at some EUR550m. Boosted by the addition of Italcementi for a full... |
Cemex02 March 2018, Published under Cement NewsCemex's turnover improved by 2.4 per cent in 2017 to US$13,672.2m, while EBITDA declined by 9.1 per cent to US$1725.2m. The trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m but still resulted in a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and de-consolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net de... |
Buzzi Unicem02 March 2018, Published under Cement NewsBuzzi Unicem's turnover improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. Net debt at the end of December was 8.4 per cent below the level seen a year earlier at EUR863m. Group cement and clinker deliveries in 2017 increased by 4.4 per cent to 26.8Mt, while ready-mixed concrete deliveries were 3.1 per cent ahead at 12.3Mm³. Buzzi Unicem's Italian turnover benefitted from the i... |
Vicat02 March 2018, Published under Cement NewsVicat’s turnover improved by 4.5 per cent in 2017 to EUR2563.5m while EBITDA eased by three per cent to EUR444.2m, while at unchanged exchange rates and other parameters the changes would have been +6.4 and -3.4 per cent, respectively. The trading profit declined by 4.1 per cent to EUR247.2m, with the fall at unchanged parameters being 5.9 per cent. The net financial charge was 26.85 per cent or EUR9.9m lower at EUR28.2m and after a reduction in the contribution from associates from EUR13.7m... |
Cementir02 March 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 EUR220.5m. In terms of the continuing business, the turnover advanced by 10.9 per cent to EUR1140.0m. 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... |
LafargeHolcim announces five-year strategy02 March 2018, Published under Cement NewsLafargeHolcim has announced its new five-year strategy to grow faster than the overall market and cut costs. The plan targets an annual sales growth of 3-5 per cent, recurring EBITDA growth of at least five per cent, improvement in free cash flow to over 40 per cent of EBITDA and increasing the return on invested capital to over eight per cent, according to Reuters. The company also reported that it received a CHF3.8bn (US$4.04bn) impairment charge within the 4Q17, and as a result posted ... |