Cement News tagged under: business results
Dangote Cement29 April 2015, Published under Cement NewsDangote Cement’s new plant in Ethiopia will open in May this year, helping to close the gap between demand and supply in the country. The plant, which is located in Oromia, is one of the largest in east Africa with a production capacity of 2.5Mta. Costing US$400m, the project has been overseen by Sinoma International Engineering. Ethiopia’s current cement production of 5.4Mta falls well below existing demand of 7-8Mta. Dangote is increasingly turning its attention away from Nigeria follow... |
Ciments du Maroc 9.3% fall in profit13 April 2015, Published under Cement NewsCiments du Maroc closed 2014 with a 5.1 per cent fall in its turnover from MAD3.6bn (US$35m) to MAD3.4bn. The cement producer’s operating results experienced a 9.3 per cent drop to just over MAD1bn. The company attributes the decline to a slow building and public works sector. In addition, the eight per cent fall in housing starts contributed significantly to the limited growth of 0.8 per cent of the construction market. Looking ahead, Mario Bracci, Ciments du Maroc’s CEO said: “In 201... |
Lafarge02 April 2015, Published under Cement NewsLafarge Zimbabwe saw volumes decline by 7.4 per cent in 2014 to 0.31Mt as a result of reduced commercial and residential building activity. |
HeidelbergCement02 April 2015, Published under Cement NewsHeidelbergCement's turnover increased by four per cent last year to EUR12,614m, or by 8.4 per cent on a comparative basis, and EBITDA improved by a 2.9 per cent to EUR2288m. Trading profit advanced by five per cent to EUR1595m, or by 12.9 per cent adjusting for currency movements and changes in the scope of consolidation. After a 17.1 per cent increase in net interest payments to EUR629m, the pretax profit declined by 8.9 per cent to EUR931m and the net attributable profit fell by 34 per cen... |
Italcementi02 April 2015, Published under Cement NewsItalcementi's 2014 turnover declined by a further 1.8 per cent to EUR4155.6m, but the underlying EBITDA did improve by 2.9 per cent to EUR649.1m. The depreciation charge declined by 3.1 per cent to EUR408.3m and impairment charges dropped by a further 70.9 per cent to EUR9.2m. The trading profit advanced by a further 42.3 per cent to EUR226.7m. Net financial charges rose by 14.3 per cent to EUR136.5m while the contribution from associates rose by 57.1 per cent to EUR11.7m to give a pretax pr... |
Votorantim02 April 2015, Published under Cement NewsVotorantim Industrial generated a turnover 6.9 per cent higher atBRL28,059m (EUR8,660m) while EBITDA rose by 31.9 per cent to BRL7105m (EUR2193m). Votorantim Cimentos contributed 46.5 per cent of the turnover and 50 per cent of EBITDA in 2014, with metals being the second-largest contributor accounting for 32.9 per cent of turnover and 30.7 per cent of EBITDA, while steel and the mining operations in Peru accounting for the remainder. Group capital expenditure was 3.7 per cent higher at BRL2... |
Buzzi Unicem02 April 2015, Published under Cement NewsOn a turnover just 0.1 per cent lower at EUR2506.4m, Buzzi Unicem's underlying EBITDA did increase by 7.1 per cent to EUR404.8m, while at the headline level there was a 4.8 per cent advance to EUR422.7m. After a 23 per cent reduction in impairment charges, depreciation and amortisation, the trading profit (EBIT) more than doubled from EUR86.5m to EUR178.7m. After a net interest charge 52.1 per cent lower at EUR53.1m, the pre-tax profit jumped from just EUR16m to EUR175.6m. At the net attribu... |
Cimpor02 April 2015, Published under Cement NewsCimpor's turnover eased by 0.8 per cent in 2014 to EUR2603.7m while EBITDA declined by 6.7 per cent to EUR645.6m. The trading profit emerged 7.9 per cent lower at EUR448.8. The net financial charge declined by 8.8 per cent to EUR371.4m, giving a pretax profit 3.5 per cent lower at EUR77.3m. At the net attributable level there was a swing from a loss of EUR19.4m to a profit of EUR27.2m. Net debt at the end of 2014 stood at EUR3561m, an increase of 3.7 per cent, while shareholders' funds decli... |
Vicat02 April 2015, Published under Cement NewsVicat’s turnover increased by six per cent in 2014 to EUR2422.7m and EBITDA emerged 3.6 per cent ahead at EUR442.0, while at unchanged parameters the increases would have been eight per cent and seven per cent respectively. The trading profit rose by 12.3 per cent to EUR263.1m. The net financial charge was 8.2 per cent higher at EUR47.6m and after a slightly higher contribution from associates the pretax profit improved by 12.5 per cent to EUR203m. After a lower effective tax charge of 29.3 ... |
CRH02 April 2015, Published under Cement NewsCRH's turnover increased by 4.9 per cent in 2014 to EUR18,912m while EBITDA advanced by 11.3 per cent to EUR1641m. The trading profit before charging EUR49m of impairments rose by 28.8 per cent to EUR966m. The net interest charge declined by 1.2 per cent to EUR246m and a EUR77m gain on disposals, compared with EUR26m in 2014, led to a pretax profit of EUR761 compared with a loss of EUR215m in 2013. The net attributable result swung from a EUR296m loss to a profit of EUR582m. Net debt at the... |