Cement News tagged under: business results
LafargeHolcim02 March 2018, Published under Cement NewsThe Indian LafargeHolcim subsidiary ACC Ltd reported a 14 per cent increase in cement deliveries in 2017 to 26.21Mt, a sharp reversal of the 2.7 per cent reduction seen in 2016, and the fourth quarter volume increase was 27 per cent to 6.923Mt. Ready-mixed concrete deliveries were up by 11.2 per cent to 2.88Mt, again an improvement on the 10.7 per cent rise seen a year earlier. Volumes are expected to show further advances during 2018 as the federal government spends more on infrastructure a... |
HeidelbergCement02 March 2018, Published under Cement NewsThe 2017 preliminary figures from HeidelbergCement show a 13.8 per cent advance in turnover to EUR17,266m and by 1.1 per cent on a comparative basis, including Italcementi for the full period last year. EBITDA advanced by 14.2 per cent to EUR3297m and the trading profit was ahead by 13.5 per cent to EUR2188m, or by 8.5 per cent including Italcementi. The merger benefits from the acquisition of Italcementi are now expected at some EUR550m. Boosted by the addition of Italcementi for a full... |
Cemex02 March 2018, Published under Cement NewsCemex's turnover improved by 2.4 per cent in 2017 to US$13,672.2m, while EBITDA declined by 9.1 per cent to US$1725.2m. The trading profit fell by 15.8 per cent to US$1523.1m. The net interest charge, however, declined by 10.9 per cent to US$1022.3m but still resulted in a pretax profit 22.9 per cent lower at US$723.4m. The tax charge was some 83 per cent lower and de-consolidated activities had also been profitable, giving a net attributable profit 7.5 per cent ahead at US$806.2m. Net de... |
Buzzi Unicem02 March 2018, Published under Cement NewsBuzzi Unicem's turnover improved by 5.1 per cent in 2017 to EUR2806m, with a like-for-like improvement of 3.7 per cent after adjusting for the acquisition of Zillo and currency movements. Net debt at the end of December was 8.4 per cent below the level seen a year earlier at EUR863m. Group cement and clinker deliveries in 2017 increased by 4.4 per cent to 26.8Mt, while ready-mixed concrete deliveries were 3.1 per cent ahead at 12.3Mm³. Buzzi Unicem's Italian turnover benefitted from the i... |
Vicat02 March 2018, Published under Cement NewsVicat’s turnover improved by 4.5 per cent in 2017 to EUR2563.5m while EBITDA eased by three per cent to EUR444.2m, while at unchanged exchange rates and other parameters the changes would have been +6.4 and -3.4 per cent, respectively. The trading profit declined by 4.1 per cent to EUR247.2m, with the fall at unchanged parameters being 5.9 per cent. The net financial charge was 26.85 per cent or EUR9.9m lower at EUR28.2m and after a reduction in the contribution from associates from EUR13.7m... |
Cementir02 March 2018, Published under Cement NewsCementir Holding's turnover in 2017 increased by 25.3 per cent to EUR1287.5m and EBITDA was ahead by 11.5 per cent to EUR220.5m. In terms of the continuing business, the turnover advanced by 10.9 per cent to EUR1140.0m. EBITDA emerged 13.3 per cent ahead at EUR224.2m, while the trading profit showed a 50 per cent advance to EUR142m. Net debt at the end of 2017 was 4.6 per cent lower at EUR536.6m, while capital investment in the year increased by 33.9 per cent to EUR92m. Since the year end... |
LafargeHolcim announces five-year strategy02 March 2018, Published under Cement NewsLafargeHolcim has announced its new five-year strategy to grow faster than the overall market and cut costs. The plan targets an annual sales growth of 3-5 per cent, recurring EBITDA growth of at least five per cent, improvement in free cash flow to over 40 per cent of EBITDA and increasing the return on invested capital to over eight per cent, according to Reuters. The company also reported that it received a CHF3.8bn (US$4.04bn) impairment charge within the 4Q17, and as a result posted ... |
Holcim Philippines reports fall in net profit for 201702 March 2018, Published under Cement NewsHolcim Philippines has announced its results for 2017 and reports a net profit of PHP2.4bn (US$46.2m) for the full-year period, a fall of 65 per cent compared to the previous year. This has been attributed to a slowdown in the construction sector, increased competition and higher input costs, according to the Business Inquirer. Similarly, revenue decreased 13.9 per cent YoY to finish at PHP24.7bn, while EBITDA dropped 49.6 per cent to PHP5.4m. "The construction growth slowdown, tighter co... |
Cementos Molins reports 40% YoY rise in net profit in 201702 March 2018, Published under Cement NewsCementos Molins posted a net profit of EUR89.1m (US$109.4m) in 2017, which represents a YoY advance of 39.5 per cent. Consolidated turnover for the year increased 15 per cent YoY to EUR645.6m. The company’s revenues were supported by its international subsidiaries which expanded by 16 per cent, particularly its Argentine subsidiary, which saw its sales rise by 23 per cent. Subsidiaries in Spain increased their turnover by 13.5 per cent, particularly in the concrete and aggregate segment. ... |
CRH FY17 results see sales of EUR27.6bn01 March 2018, Published under Cement NewsCRH has released its full year 2017 results and reports sales of EUR27.6 bn, up two per cent on 2016 on a like-for-like basis. EBITDA was up six per cent to EUR3.3bn from EUR3.14bn in 2016. The EBITDA margin rose by 12 per cent, up from 11.5 per cent in 2016. All divisions posted LFL EBITDA growth: with Americas Products (+12 per cent), Americas Materials (+4 per cent), Americas Products (+5 per cent), Europe Heaviside (+6 per cent), Europe Lightside (+5 per cent) and Europe Distribution (... |