Cement News tagged under: financial business results
Votorantim Cimentos posts net revenue of BRL25.8bn in 202216 March 2023, Published under Cement NewsVotorantim Cimentos ended 2022 with BRL25.8bn (US$4.84bn) in global net revenue, an increase of 16 per cent compared to 2021, resulting from a stable sales volume and favourable price dynamics in all regions where it operates, which mitigated cost pressures and the impact of the exchange rate in the year. Cement sales in the countries where the company has operations totalled to 36.8Mt, one per cent less than the previous year. The company posted BRL1.1bn in net profit in 2022, 30 per cen... |
BUA Cement's revenue increased by 40% in 202209 March 2023, Published under Cement NewsBUA Cement Plc of Nigeria reported that revenue increased by 40.3 per cent or NGN103.7bn (US$22 5.3m) in 2022 to NGN361bn from NGN257.3bn in 2021, given the combination of pricing activities and increased volume dispatched (including added volumes from the new Line 4 in Sokoto). Cement volumes in 2022 totalled 6.27Mt. The company's revenue per tonne increased by 21.2 per cent to NGN57,511/t in 2022 from NGN47,448/t, as at 2021. "This was due to pricing activities during the year," s... |
Breedon records revenue of GBP1396m in 202209 March 2023, Published under Cement NewsDuring 2022, Breedon Group Plc grew revenue by 13 per cent to GBP1396.3m (EUR1566.7m/US$1658.4m) in 2022 (2021: GBP1232.5m) and the company’s underlying EBIT rose by 16 per cent to GBP155m (2021: GBP133.6m). The company completed three strategically significant bolt-on acquisitions and increased its net capital expenditure to GBP102m (2021: GBP71m) as bottlenecks in the supply chain relaxed while reducing Breedon’s Covenant Leverage to 0.7x (2021: 0.8x). Volumes reduced in the... |
Dangote Cement’s pan-African operations sales fall 8% in FY2201 March 2023, Published under Cement NewsDangote Cement ’s pan-African operations sold around 10Mt of cement and clinker in 2022, down 8.1 per cent from the 10.9Mt sold in 2021. “This is due to the continuous global supply chain disruption and increasing commodity prices,” said Dangote Cement. Pan-African revenues of NGN414.8bn (US$900.8m) were 4.4 per cent higher than 2021. The region’s revenue accounted for 25.6 per cent of total group revenue. Pan-Africa EBITDA was NGN64.9bn (before central costs and eliminations), down 26.9 p... |
Dangote Group posts 17% revenue rise in FY2228 February 2023, Published under Cement NewsDangote Cement Group announced revenues us 17 per cent to NGN1618.3bn (US$3.51m) in FY22 and EBITDA up 3.5 per cent at NGN708.2bn. Profit after tax increased by 4.9 per cent to NGN382.3bn. Net debt at the end of the period totalled NGN422.8bn with a net gearing of 39.2 per cent. Nigerian operations sold 17.8Mt of cement and clinker during the period, down 4.1 per cent from the 18.6Mt sold in 2021. When looking at the domestic sales alone, Nigerian operations sold 17Mt, down 3.8 per cent Y... |
Cementos Molins posts revenues of EUR1268m in 202228 February 2023, Published under Cement NewsCementos Molins closed 2022 with revenues amounting to EUR1268m, up 31 per cent compared to previous year, driven by sales increase across all businesses and the significant contribution of acquisitions completed last year. On a LfL basis, revenues increased by 18 per cent. EBITDA reached EUR276m, 14 per cent higher than previous year, due to the performance of South American and Asian businesses and the contribution by the acquisitions. High negative impact of inflation on costs has be... |
Pakistan manufacturers post strong 1HFY22-23 financial results27 February 2023, Published under Cement NewsAccording to the Pakistan Stock exchange (PSX), Pioneer Cement Ltd (PIOC) earned a profit of PKR1.76bn (US$6.81m) in 1HFY22-23 compared to PKR1.14bn made in the previous year’s corresponding period. This reflects a growth of 54.1 per cent YoY. PIOC's gross sales increased by 19.4 per cent to PKR25.08bn in 1HFY22-23 from PKR21bn during the same period last year. It incurred distribution expenses of PKR61m against PKR52m in the previous financial period. The administrative costs rose to P... |
FLSmidth report 3% EBITA margin growth for cement in 202227 February 2023, Published under Cement NewsFLSmidth announced a positive 3.3 per cent EBITA margin improvement for its cement division in 2022, compared to -0.3 per cent in 2021. Cement EBITA amounted to DKK204m (US$29m) in 2022 compared to DKK-19m in 2021. Cement revenue increased by two per cent YoY organically and by seven per cent including favourable currency effects, reported FLSmidth. Cement EBITA continued the positive trend seen during 2022, driven by the increased revenue and higher gross margin. The company ann... |
Holcim reshapes for the future24 February 2023, Published under Cement NewsHolcim caught the cement world's attention this week when it announced the launch of a major low carbon cement project in Europe. The French cement plant of Saint-Pierre-la-Cour is the location of the project that will use the company's proprietary ProximaTech technology to produce ECOPlanet cement, which is a calcined clay cement, with a 50 per cent lower CO2 footprint than OPC. The development of the ECOPlanet cement in France was given an important boost after the French government com... |
Holcim reports net sales of CHF29,289m in 202224 February 2023, Published under Cement NewsHolcim reported its financial results for 2022 announcing net sales of CHF29,189m (US$31.2m) for 2022. This was a 12.9 per cent rise on a LfL basis compared to the prior year. The increase was driven by the fast expansion of the Solutions & Products division, which grew by 54 per cent compared to the previous year. Holcim CEO, Jan Jenish, said: " In 2022, we delivered record financial results with CHF 29.2bn in net sales, CHF 4.8bn in recurring EBIT, 9.5 per cnet ROIC and a record ... |