Cement News tagged under: business results
HeidelbergCement04 April 2013, Published under Cement NewsHeidelbergCement's turnover improved by 8.9 per cent last year to EUR14,020.2m (US$17,927m) while the EBITDA was ahead by 6.7 per cent to EUR2477.2m. At the trading level, the improvement reached 9.4 per cent to EUR1613.3m and the net interest charge was 2.4 per cent higher at EUR558.7m out of a total financial charge 10.3 per cent ahead at EUR640.9m. This resulted in a 23.6 per cent reduction in the pre-tax profit by to EUR607.4m. After a 36.6 per cent reduction in the tax charge and a turn... |
Cemex04 April 2013, Published under Cement NewsCemex Deutschland will have closed more than 10 batching plants by the end of March, either on a temporary or permanent basis, because of reduced levels of demand. |
Italcementi04 April 2013, Published under Cement NewsItalcementi's turnover declined by 3.8 per cent in 2012 to EUR4480.1m (US$5729m), but the underlying EBITDA was down by 9.8 per cent to EUR632. After impairment charges that jumped from EUR134.3m to EUR309.4m, the previous year's trading profit of EUR138.9m was turned into a EUR150.9m loss. Net financial charges were 0.9 per cent higher at EUR83m. A 91.2 per cent drop in exceptional costs and a 40.4 per cent reduction in the contribution from associates gave a pre-tax loss of EUR224.2m compa... |
Votorantim04 April 2013, Published under Cement NewsThe Votorantim group reported at turnover 4.8 per cent ahead at BRL24,792m (US$12,249m), of which the cement division represented 39.5 per cent, and an underlying EBITDA of BRL5101m of which cement accounted for 62.7 per cent. In the cement division, turnover was some nine per cent higher at BRL9800m and the EBITA improved by around 11 per cent to R$3200m. In Brazil, both volumes and prices were up by four per cent, while in North America volumes improved by 17 per cent and prices by 12 p... |
Buzzi Unicem04 April 2013, Published under Cement NewsOn a turnover that edged ahead by 0.9 per cent to EUR2813.4m (US$3597m), Buzzi Unicem's EBITDA improved by 4.8 per cent to EUR455.1m and the trading profit (EBIT) was ahead by 3.3 per cent to EUR197m. After a net interest charge 21.7 per cent higher at EUR126.1m, the pre-tax profit emerged 8.8 per cent lower at EUR77.8m. At the net attributable level there was a net attributable loss of EUR28.5m compared with a profit of EUR26.4m in the previous year. Net debt at the end of the year was 4.5 ... |
Cimpor04 April 2013, Published under Cement NewsCimpor's turnover from continuing activities declined by 3.1 per cent to EUR1510m (US$1930m) and compares wit the actual EUR2275.3m shown in 2011 on the old structure. The comparable EBITDA eased by 3.3 per cent to EUR464.7m and compares with an actual EUR616m. The trading profit came off by 4.8 per cent from EUR321.2m to EUR305.8m, whereas a year ago EUR372.8m was declared. The net financial charge, which a year earlier had amounted to EUR80.9m, was re-defined as EUR46.8m and almost trebled... |
Vicat04 April 2013, Published under Cement NewsTurnover was up by 1.2 per cent in 2012 to EUR2292.2m (US$2930m), but the EBITDA declined by 10.9 per cent to EUR437.4m and the trading profit fell by 20.8 per cent to EUR245.2m. The net interest charge, which had jumped by 60.5 per cent in 2011, declined by 14.8 per cent to EUR34.4m and the total net financial charge emerged 7.9 per cent lower at EUR40.4m. The contribution from associates jumped by 94.9 per cent to EUR3m, giving a pre-tax profit 20 per cent lower at EUR207.6m and the net at... |
Cemex details plans to raise EBITDA to US$4.7bn by 201615 February 2013, Published under Cement NewsAt its 2013 Cemex Day, Cemex set out its ambitious target to increase its EBITDA from US$2.6bn in 2012 to US$4.7bn in 2016 as the company charts its recovery. The plans of the Mexico-based cement major are supported by three main pillars. Firstly, a recovery in volumes accounts for US$1.4bn of the advance. In addition, Cemex intends to be more disciplined on pricing in future, budgeting a US$1bn price increase over variable cost rises and restrict the advances in fixed costs to US$0.3bn duri... |
Pakistan: FY12 to be a fortunate year for the entire cement industry04 May 2012, Published under Cement NewsPakistan cement sector profitability is on the recovery path due to higher local dispatches and rising prices. Low-tier companies are also on the way of recovery. Researching domestic sector profitability for 9MFY12 by reviewing the accounts of the 17 companies representing 98% of the listed sector market capital, leading brokerage house InvestCap Research has suggested that FY12 to date could be considerate particularly good year for Pakistani cement producers. The top line of the sector... |