Cement News tagged under: Cementir
Cementir boosted by financial items31 July 2015, Published under Cement NewsCementir's turnover edged ahead by 0.6 per cent to EUR475.7m in first half of 2015, as the improvements in Denmark and Sweden made up for lower results from Norway and Turkey while Italy was broadly stable. EBITDA, however, declined by 6.7 per cent to EUR73.14m. After a 3.4 per cent increase in depreciation and similar charges, the trading profit was down by 17.7 per cent to EUR31m. The net financial item swung from a EUR6.2m loss to a EUR5.3m profit, resulting in a pretax profit 15.3 per ce... |
Cementir advances in Denmark and Sweden12 May 2015, Published under Cement NewsCementir's first quarter turnover eased by 0.9 per cent to EUR204.7m and the EBITDA came off by 1.6 per cent to EUR24.2m, primarily reflecting difficult market conditions in Turkey and Egypt. At constant exchange rates, the turnover would have been down by 4.1 per cent to EUR198.0m. The trading profit declined by 31.5 per cent to EUR3.1m, but at the pre-tax level there was an improvement to EUR3.8m from a loss of EUR1.8m. Net debt at the end of March was 10.2 per cent lower than a year... |
Cementir full-year expectations in line with 201424 April 2015, Published under Cement NewsItalian cement major Cementir has confirmed the expectations for a 2015 in line with 2014, chairman and CEO, Francesco Caltagirone Jr, said at the end of the shareholders' meeting. The company may benefit from the drop in oil price and the appreciation of the dollar. An upgrade of the 2015 targets is possible, Mr Caltagirone noted. On its domestic market of Italy, the company head said that in the first two months of 2015, the market showed a stabilisation of cement consumption after seven... |
Cementir performs well in Denmark11 March 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but EBITDA improved by 13.4 per cent to EUR192.4m. The trading profit advanced by 35.7 per cent to EUR104.1m and the pretax profit rose by 57.5 per cent to EUR99.5m. Net attributable profit recorded a 78.5 per cent advance to EUR71.6m. Net debt at the end of 2014 was 14.3 per cent lower at EUR278.3m, giving a modest gearing level of 26.7 per cent as shareholders’ funds increased by 9.3 per cent. Capital investme... |
Cementir shareholders approve capital hike24 February 2015, Published under Cement NewsThe shareholders of Cementir Holding SpA announced on Monday that the company's Board of Directors will be able to raise the company's capital by up to EUR300m within five years, according to a statement released yesterday. The Italian cement major said in January it would ask its shareholders to approve an increase of up to EUR300m, including share premium, in one or more tranches. Via the rights issue, Cementir aims to increase its resources and financial flexibility in implementing i... |
Cementir increases profit and reduces debt06 February 2015, Published under Cement NewsCementir Holding's turnover in 2014 declined by 4.1 per cent to EUR948m, but at constant currencies there would have been a 5.3 per cent increase. The EBITDA, however, improved by 13.4 per cent to EUR192.4m, in spite of negative exchange rate movements though it was boosted by non-recurring credits of around EUR12m. As a result, the margin improved from 17.2 per cent to 20.3 per cent, or to 19 per cent excluding non-recurring items. The trading profit again showed a more marked advance, ri... |
Cementir Holding plans rights issue, Italy14 January 2015, Published under Cement NewsCementir Holding is to ask it shareholders to approve a rights issue of up to EUR300m, the Italian cement major has said. The board is calling an extraordinary shareholders’ meeting on 23 February 2015 to mandate the board for the rights issue to be carried out in five years, in one or more tranches, with pre-emptive rights, Cementir said in a statement. “The purpose of this proposal is to increase the capital resources and the financial flexibility of the company as part of the implementa... |
Cementir boosts pretax profit11 November 2014, Published under Cement NewsCementir's turnover for the first nine months of 2014 declined by 3.7 per cent to EUR714.7m as the Turkish and Egyptian currencies declined against the euro and Italian volumes fell further. EBITDA, however, did increase by 10 per cent to EUR127.7m and the trading profit advanced by 31.7 per cent to EUR66.8m. After a net financial charge that was reduced by 72.4 per cent to EUR3.1m, the pre-tax profit jumped by 60.7 per cent to EUR63.7m compared with EUR39.7m a year ago. Net debt a... |
Cementir's growth impeded by the strong euro30 July 2014, Published under Cement NewsCementir's turnover emerged just 0.1 per cent ahead at EUR472.8m in first half of the year, as the improvement in Denmark and Norway was offset by currency weakness and the continuing decline in Italy. EBITDA, however, rose by 26.4 per cent to EUR78.4m and was helped by a 7.8 per cent reduction in depreciation and similar charges. The trading profit was more than doubled and jumped ahead by 112 per cent to EUR37.6m. The net financial charge was jumped from EUR2.8m to EUR7.3m, resulting in... |
Cementir advances in Nordic area and Turkey12 May 2014, Published under Cement NewsCementir showed a 6.1 per cent recovery in first quarter turnver to EUR206.6m and EBITDA jumped from EUR9.2m to EUR24.6m, reflecting improved profits from the Nordic countries and from Turkey. At constant exchange rates, the turnover would have been ahead by 17.1 per cent. The trading loss recorded in recent first quarters was replaced by a EUR4.9m profit this time, while the pre-tax loss was reduced from EUR13.7m to EUR1.8m. Net debt at the end of March was 9.4 per cent lower at EU... |