Cement News tagged under: financial business results
Mannok Holdings records 18% rise in turnover in 202221 April 2023, Published under Cement NewsMannok Holdings 2022 operating performance for the 12 months ended 31 December 2022, saw turnover increased by 17.7 per cent on the prior year period from EUR269.9m to EUR317.7m, largely driven by inflationary induced pricing. Despite the inflationary environment, EBITDA was unchanged on the prior year period at EUR25.8m, reflecting a gradual pass through of rising input costs, fluctuations in the euro-sterling exchange rate and a softening of demand in response to price pressur... |
Buzzi Unicem Group net sales rise 16% in 202230 March 2023, Published under Cement NewsBuzzi Unicem 's group net sales rose to EUR3996m, up 16 per cent from EUR3446m in 2021. However, cement sales of 28.33Mt in 2022 marked a decline of 9.2 per cent from the 31.2Mt recorded in 2021. Ready-mix sales for the group also slipped to 11.51Mm 3 , down 5.2 per cent from 12.14Mm 3 achieved in 2021. Group EBITDA totalled EUR892m in 2022, up 11.2 per cent from the EUR795m achieved in 2021. Consolidated net profit fell 15.4 per cent to EUR459m in 2022, down from EUR542m in 2021. ... |
Votorantim records strong Brazilian revenue in 2022 regional results17 March 2023, Published under Cement NewsIn Brazil Votorantim Cimentos 2022 net revenue was BRL12.7bn (US$2.4bn), 23 per cent higher than in 2021. Positive price dynamics offset the slight drop in cement sales, mainly in the self-construction segment, which was impacted by the economic situation but also partially offset by the real estate and infrastructure sectors. Adjusted EBITDA was BRL2.4bn, up two per cent when compared with 2021. In addition to price dynamics, the growth of adjacent businesses contributed to this result an... |
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
BUA Cement's revenue increased by 40% in 202209 March 2023, Published under Cement NewsBUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of pricing activities and increased volume dispatched (including added volumes from the new Line 4 in Sokoto). Cement volumes in 2022 totalled 6.27Mt. The company's revenue per tonne increased by 21.2 per cent to NGN57,511/t in 2022 from NGN47,448/t, as at 2021. "This was due to pricing activities during the year," s... |
Breedon records revenue of GBP1396m in 202209 March 2023, Published under Cement NewsDuring 2022, Breedon Group Plc grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent to GBP155m (2021: GBP133.6m). The company completed three strategically significant bolt-on acquisitions and increased its net capital expenditure to GBP102m (2021: GBP71m) as bottlenecks in the supply chain relaxed while reducing Breedon’s Covenant Leverage to 0.7x (2021: 0.8x). Volumes reduced in the... |
Dangote Cement’s pan-African operations sales fall 8% in FY2201 March 2023, Published under Cement NewsDangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global supply chain disruption and increasing commodity prices,” said Dangote Cement. Pan-African revenues of NGN414.8bn (US$900.8m) were 4.4 per cent higher than 2021. The region’s revenue accounted for 25.6 per cent of total group revenue. Pan-Africa EBITDA was NGN64.9bn (before central costs and eliminations), down 26.9 p... |
Dangote Group posts 17% revenue rise in FY2228 February 2023, Published under Cement NewsDangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent to NGN382.3bn. Net debt at the end of the period totalled NGN422.8bn with a net gearing of 39.2 per cent. Nigerian operations sold 17.8Mt of cement and clinker during the period, down 4.1 per cent from the 18.6Mt sold in 2021. When looking at the domestic sales alone, Nigerian operations sold 17Mt, down 3.8 per cent Y... |
Cementos Molins posts revenues of EUR1268m in 202228 February 2023, Published under Cement NewsCementos Molins closed 2022 with revenues amounting to EUR1268m, up 31 per cent compared to previous year, driven by sales increase across all businesses and the significant contribution of acquisitions completed last year. On a LfL basis, revenues increased by 18 per cent. EBITDA reached EUR276m, 14 per cent higher than previous year, due to the performance of South American and Asian businesses and the contribution by the acquisitions. High negative impact of inflation on costs has be... |
Pakistan manufacturers post strong 1HFY22-23 financial results27 February 2023, Published under Cement NewsAccording to the Pakistan Stock exchange (PSX), Pioneer Cement Ltd (PIOC) earned a profit of PKR1.76bn (US$6.81m) in 1HFY22-23 compared to PKR1.14bn made in the previous year’s corresponding period. This reflects a growth of 54.1 per cent YoY. PIOC's gross sales increased by 19.4 per cent to PKR25.08bn in 1HFY22-23 from PKR21bn during the same period last year. It incurred distribution expenses of PKR61m against PKR52m in the previous financial period. The administrative costs rose to P... |