Votorantim - March 2014
The Votorantim Industrial group reported at turnover 14.8 per cent higher at BRL26,272 (EUR8433m) and an EBITDA 18.9 per cent ahead at BRL5,392m (EUR1731m). Of this, the cement division contributed 47.3 per cent compared with 39.5 per cent a year earlier while its share of the EBITDA rose from 62.7 per cent to 66.9 per cent. The pretax profit improved by 15.1 per cent to BRL443m (EUR142m), while the net attributable profit jumped from BRL 87m to BRL 238m. Capital expenditure across Votorantim Industrial declined by 12.1 per cent to BRL2.4m (EUR770m), while spending on acquisitions fell by BRL24.9m to BRL356m (EUR114m). Some 40 per cent of capital expenditure went on expansion projects, and of that, 75 per cent was in cement. Cement also absorbed 53 per cent of maintenance expenditure, with metals accounting for a further 29 per cent. Last year saw the completion of the 2Mta integrated cement works at Rio Branco and the 0.7Mta grinding centre at Santa Helena, both in Brazil.