Cement News tagged under: italy

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Buzzi Unicem hit by weak Italian market

28 March 2014, Published under Cement News

On a turnover 2.1 per cent lower at EUR2753.1m, Buzzi Unicem's EBITDA improved by 5.7 per cent to EUR481.2m. After writing down the assets in Italy and Ukraine by EUR57.7m and EUR39.9m, respectively, the trading profit (EBIT) showed a 24 per cent reduction to EUR149.8m. After a net interest charge 12.4 per cent lower at EUR110.5m, the pre-tax profit declined by 35.4 per cent to EUR50.3m. Because of a mismatch between where profits and losses were generated and tax payments, at the consoli...

Italcementi: 2013 turnover declines 5.4%

07 March 2014, Published under Cement News

Italcementi's 2013 turnover declined by 5.4 per cent to EUR4,235.4m while the underlying EBITDA way off by just 1.9 per cent to EUR631.0m. The depreciation charge declined by 6.5 per cent to EUR426.5m and impairment charges dropped by 89.6 per cent to EUR32.1m from EUR309.4m and the previous year's trading loss EUR140.2m was turned into a trading profit of EUR159.3m. Net financial charges rose by 31.1 per cent to EUR123.9m and the contribution from associates declined by 27.2 per cent to ...

Buzzi in strategic agreement with W&P Cementi

19 February 2014, Published under Cement News

Buzzi Unicem is paying some EUR22m for a 25 per cent stake in Salonit Anhovo, the leading cement producer in Slovenia with an capacity approaching 1.4Mta and for a 25 per cent interest in Wietersdorfer & Peggauer's Italian subsidiary W&P Cementi.  As part of the same deal, Buzzi Unicem is receiving EUR22m from W&P Cementi for the Italian cement major’s 0.3Mta cement works at Cadola (Italy) and the right to acquire the 0.4Mta Travesio (Italy) cement plant within the next five years.   ...

Buzzi sees advances in Russia and US

10 February 2014, Published under Cement News

Italian cement major Buzzi Unicem saw turnover decline by 2.1 per cent last year to EUR2754m as the company saw another fall in its domestic market of Italy, but Russia and the US were its best performers. Net debt at the end of December was 5.3 per cent below the level seen a year earlier at EUR1066m. Group cement deliveries in 2013 increased by 0.3 per cent to 27.4Mt, but ready-mixed concrete deliveries declined by 5.1 per cent to 12.9Mm³. The underlying EBITDA, which will be announced ...

Italcementi: only Asia shows sales growth in 2013

07 February 2014, Published under Cement News

Italcementi's turnover declined by 5.4 per cent in 2013 to EUR4235.4m, or by 2.2 per cent on a comparable basis. Group cement shipments declined by a further six per cent to 43.1Mt and the turnover from cement and clinker was down by 6.4 per cent to EUR2716.8m, with cement volumes lower everywhere other than in Asia and in North America. The concrete and aggregates turnover eased by 2.5 per cent to EUR1248.7m as shipments of aggregates declined by 4.2 per cent to 32.5Mt and ready-mixed co...

Cementir offsets a weaker Italy by better markets elsewhere

06 February 2014, Published under Cement News

Cementir Holding's turnover improved by 1.3 per cent to  EUR988.6m, while at constant currencies the increase would have been 5.6 per cent. EBITDA improved by 22.9 per cent to EUR169.7m, though this was boosted by non-recurring credits approaching EUR10m.  As a result, the margin improved from 14.1 per cent to 17.2 per cent, or to 16.2 per cent excluding non-recurring items.  The trading profit showed a more marked advance, rising by 59.1 per cent to EUR76.7m. Net debt at the end of 2013 ...

Cementir sets out 2014-16 business targets

18 December 2013, Published under Cement News

Cementir's Board of Directors has approved the company's 2014-16 Business Plan which sees average annual EBITDA growth of around 16 per cent over the period. The plan lays the foundations for a further period growth following positive trends seen during 2013, the company said in a statement released yesterday. The strategy focuses on four key priorities: Improving the profitability of the current business Consolidating the group’s leadership in the white cement market Complet...

Cementir’s Taranto cement plant to cease clinker production by year-end

09 December 2013, Published under Cement News

Cementir is to cease clinker production from its 1.4Mta integrated Taranto works at the end of December, but milling operations are set to continue at the southern Italy-based plant. The company reiterated that weak domestic demand has led to a reduction in production levels, although for 2014 there are early indications of a slight recovery in consumption. Over the first nine months of the year, Cementir’s domestic deliveries were down by another 14 per cent and turnover declined by E...

Buzzi Unicem performance deteriorates in Italy and Mexico

11 November 2013, Published under Cement News

Buzzi Unicem's turnover for the first nine months declined up by 3.2 per cent to EUR2078.5m and the EBITDA came off by 10.6 per cent to EUR335.8m. The trading profit was down by 16.4 per cent to EUR169.8m, but net financial charges came off by 9.5 per cent to EUR81.4m. After a 37.9 per cent increase in the contribution from associates, the pre-tax profit emerged 18.3 per cent lower at EUR95.0m. The tax charge still rose by 73.8 per cent, though the minorities charge did decrease by 32.9 p...

S&P confirms Buzzi, Dyckerhoff rating; negative outlook

09 October 2013, Published under Cement News

Buzzi Unicem said today that Standard & Poor’s confirmed the long-term corporate rating (BB+) on Buzzi Unicem and its German subsidiary Dyckerhoff AG and the short-term rating (B) on both groups, thus removing them from the credit watch with negative implications announced on 8 August 2013. The outlook was revised from stable to negative.