Italian building materials group
This is entirely the result of €475 million in write-downs and is the highest net loss in the company's history.
The company’s EBITDA fell by 9.8% to €632 million, while its turnover dropped 3.8% to €4.48 billion. Falls were recorded in Belgium, France, Spain, Morocco and Bulgaria, while the group's results improved in India, Thailand and North America.
The group's investments went down by €28 million to €370 million, and were largely concentrated in the industrial and environmental efficiencies sectors. Its net assets dropped from €4.8 billion to €4.2 billin, while its net debt went down to just under €2 billion.
