Cement News tagged under: italy
Buzzi Unicem's turnover edges ahead and profit advances09 November 2012, Published under Cement NewsBuzzi Unicem's turnover for the first nine months was up by 1.7 per cent to €2,146.3m and the EBITDA increased by 11.7 per cent to €368.7m. The trading profit rose by 29.6 per cent to €198.9m and net financial charges increased by 25.1 per cent to €85.3m. After an 89.3 per cent higher contribution from associates, the pre-tax profit rose by 33.5 per cent to €116.8m. With charges for tax and for minorities increasing more slowly than the pre-tax profit, the net attributable profit jumped by ... |
Cementir's ready-mixed concrete volumes weaken08 November 2012, Published under Cement NewsCementir's turnover for the first nine months of the year was up by 4.9 per cent to €730.9m. EBITDA, which weakened by 11.9 per cent in the third quarter, was ahead by a modest 3.5 per cent to €94.9m. This reflected higher energy costs, particularly in the case of electricity, and increased staffing levels was a result of the expansion into waste management. The trading profit advanced by 4.7 per cent to €30.6m. The net financial charge declined by 37.4 per cent to €13.9m to give a more ... |
Italcementi to revamp Rezzato works, Italy26 October 2012, Published under Cement NewsLeading Italian cement producer Italcementi said it will invest EUR150m to revamp its Rezzato works. The project is scheduled to start in November and is expected to be operational by the end of 2014. The restructuring will lead to improvement in the environmental and economic sustainability of the plant, CEO Carlo Pesenti said. The project aims to cut production costs by 23 per cent and reduce specific consumption of raw materials by eight per cent. The company has been in the ... |
Buzzi Unicem expected to revise 2012 EBITDA guidance23 October 2012, Published under Cement NewsBrokerage Equita expects Italian cement maker Buzzi Unicem to report a 21 per cent rise in EBTIDA for the first nine months of 2012 to EUR177m. The third-quarter EBITDA will push the management to revise up its 2012 EBITDA target from the current EUR430m to at least the consensus estimate of EUR 455m, Equita said. The broker expects Buzzi Unicem to report sales of EUR828m for the third quarter, up eight per cent YoY. Equita sees the cement maker to have confirmed in the third quart... |
Buzzi Unicem improves profit at lower volumes06 August 2012, Published under Cement NewsBuzzi Unicem’s first half turnover edged ahead by 0.9 per cent to €1,350.9m, but the EBITDA recovered by 7.7 per cent to €197.2m. For the full year Buzzi Unicem is maintaining its overall forecast of broadly unchanged numbers overall, but the expected geographical mix has changed. The first half trading profit increased by 34.4 per cent to €84.0m and the interest charge jumped by 35.3 per cent to €62.2m, giving a pre-tax profit still 36.3 per cent higher at €22m. After a tax charge 8.3 pe... |
CRH closing in on Jaiprakash cement stake - report06 August 2012, Published under Cement NewsCRH is reported close to picking up 51 per cent stake in Jaiprakash Associates' cement operations in Gujarat at an enterprise value of about INR4200 crore, the Economic Times of India has cited two persons familiar with the development as saying. The enterprise value of Jaypee Cement Corp, which has two cement plants in Sewagram and Wanakbori-each having a capacity of 2.4Mt, includes debt of about INR1800 crore. The deal will help Jaiprakash Associates pare its debt by about INR1800 crore... |
European cement majors: first half trends06 August 2012, Published under Cement NewsThe last week has seen three leading European cement majors release first-half 2012 results: Lafarge, HeidelbergCement and Italcementi. The latest figures appear to confirm the upturn in North America, which, together with the emerging markets, have been the main drivers of demand as parts of Europe remain a drag on performance. While a slower volume growth environment persists, improved pricing and cost reduction measures continue to be central themes. In terms of market performance, wes... |
Italcementi’s profits fall in spite of recoveries in North America and India02 August 2012, Published under Cement NewsItalcementi’s first half turnover came off by 4.9 per cent to €2299.8m while the running EBITDA declined by 11.6 per cent to €328.7m. The trading profit fell by 37.4 per cent to €100.6m, and after an 84.2 per cent increase in the net interest charge to €47.3m and a 39.8 per cent reduction in income from associates, the pre-tax dropped by 59.8 per cent to €55.4m. With a 13.6 per cent increase in the net interest charge to €63.0m and a loss, rather than a gain, from discontinued activities... |
Cementir expects a better second half from Turkey26 July 2012, Published under Cement NewsCementir's first half turnover improved by 2.6% to €462.5m, with improvements in the Nordic area, the Far East and Egypt, being partially offset by weaker numbers in Italy and in Turkey. EBITDA improved by 17.5% to €55.9m and a depreciation and impairment charge just 1.8% higher at €42.8m, the trading profit jumped 136.1% to €13.2m. In spite of a 14.9% increase in the net interest charge to €9.2m and helped by an 83.8% increase in the income from associates to €0.9m, a pre-tax profit of... |
Equita sees Buzzi Unicem 2Q EBITDA rising20 July 2012, Published under Cement NewsBrokerage Equita expects Italian cement maker Buzzi Unicem to report second-quarter EBITDA of EUR158m, up by 13% on the year. SeeNews Italy reports that the broker expects the revenue to have grown 9% annually to EUR838m, thanks to the good performance in Russia and the USA which is seen to have offset the weak Italian demand. The sluggish Italian market can lead the management to carrying out a goodwill impairment of the domestic division, Equita said. The analysts lowered their 2012-201... |