Cement News tagged under: Western Europe
European construction slowdown forecast29 July 2022, Published under Cement NewsA report by analysts CIC-Market Solutions forecasts that construction activity is expected to decline after 2022. The assumption is based on a reduction in spending ability in France and Germany, as well as the potential impact from interest rate rises, supply bottlenecks and further energy price rises in the context of the war in Ukraine. The main risk factors cited are rising rates, higher costs and supply shock. “The effects from a triple economic shock that has been observed since summe... |
HeidelbergCement’s Group revenue rises 11% in 1H2229 July 2022, Published under Cement NewsHeidelbergCement Group's revenue rose significantly by 11.3 per cent to EUR9950m (1H21: EUR8938m) in comparison with the first half of the previous year. Excluding consolidation and exchange rate effects, the increase amounted to 11.6 per cent. This is primarily due to successful price adjustments in all business lines, says HeidelbergCement. "The first half of 2022 was characterised by the strong increase in energy and raw material prices. In this persistently difficult market envi... |
Cementir's 1H22 boosted by Danish results29 July 2022, Published under Cement NewsCementir' s sales in the 1H22 were led by Denmark, where sales revenue in the 1H22 reached EUR233.3m, up 14 per cent from EUR204.5m in the 1H21, due to sustained demand in all business segments, particularly in cement, and higher sales prices. Cement volumes in Denmark, both grey and white, increased by about 14.5 per cent YoY in the 1H22 due to growth in all major market segments, favourable weather conditions and the start of new infrastructure projects. Exports of white cement ... |
Andrew Keating leaves CRH29 July 2022, Published under Cement NewsAndrew Keating, previously director of group finance at CRH, has left the company. The former Bank of Ireland chief financial officer joined the building materials company three years ago, reporting to Jim Mintern. Mr Keating reportedly left CRH at the end of June this year to pursue other opportunities, reports The Irish Times. |
Cementir's revenue totals EUR805m in the 1H2228 July 2022, Published under Cement NewsCementir's revenues from sales and services reached EUR805.2m (US$821.7m), an increase of 21.2 per cent compared to EUR664.5m in the 1H21. The increase in revenue is mainly due to price increases reflecting higher costs of fuel, electricity, raw materials, transport and services. EBITDA reached EUR154.7m, up 15.9 per cent from EUR133.5m in the 1H21. During the first six months of 2022, Cementir’s cement and clinker sales volumes amounted to 5.4Mt, dropping by 0.8 per cent compared to t... |
Cementos Molins reports on 35% rise in revenue in 1H2228 July 2022, Published under Cement NewsCementos Molins has reported revenue of EUR608m in the first half of 2022, up 35 per cent on the same period a year earlier, driven by higher activity in South America and acquisitions in 2021. On a like-for-like basis of currencies and consolidation scope, revenue advanced by 12 per cent. EBITDA in the 1H22 reached EUR132m, marking a six per cent advance on the 1H21, mainly due to the improvement of business outside Europe, the contribution from acquisitions, and the positive exchange ra... |
Vicat reports 13% rise in 1H sales but rising energy costs affect EBITDA28 July 2022, Published under Cement NewsVicat reported a 12.5 per cent increase in first-half sales to EUR1755m (US$1790.6m) in the January-June 2022 period when compared with the 1H21, when sales reached EUR1560m. At constant scope and exchange rates, the advance was 14.5 per cent. However, in the 1H22 EBITDA declined by 10.4 per cent YoY (9.8 per cent at constant scope and exchange rates) to EUR269m from EUR300m in the 1H21. The EBITDA margin retreated to 15.3 per cent from 19.2 per cent in the year-ago period. The company... |
Materials Processing Institute leads GBP6.5m zero emission project28 July 2022, Published under Cement NewsThe Materials Processing Institute (MPI) is leading a major GBP6.5m (US$7.83m) project to develop the world’s first zero emission cement on an industrial scale. The Cement 2 Zero project will focus on the technical and commercial aspects of this breakthrough development, which will bolster green steelmaking, while eliminating the carbon emissions associated with the manufacture of clinker in cement kilns. The project aims to create cement clinker using electric arc furnaces (EAF), which p... |
Holcim reports on record results in 1H2227 July 2022, Published under Cement NewsHolcim has reported record sales on CHF14,681m (US$15,273m) in the first half of 2022, marking a 16.9 per cent increase YoY, driven by sales growth in all segments. Net sales in the second quarter alone were up 13.6 per cent YoY to CHF8240m. Record recurring EBIT was also seen in the 1H22, coming in at CHF2173m, up 9,6 per cent YoY. This was attributed to a robust improvement in profitability in the company's Solutions & Products segment and strong recurring EBIT margin expansion in North ... |
Breedon Group reports revenue of GBP671m in 1H2227 July 2022, Published under Cement NewsBreedon Goup's interim 2022 results saw revenue reach GBP671.1m (US$809.1m) up 12 per cent from GBP600.9m in 1H21. EBIT totalled GBP65.5m, up 22 per cent from GBP53.7m, and profit before tax totalled GBP59.5m, up 29 per cent from GBP46.2m. Breedon explained that approximately 20 per cent of the group’s revenue originates from residential construction where housing markets in both GB and Ireland are structurally under-invested and have robust order books. The industrial sector also offers ... |