Italian cement maker
The drop in sales was only in part offset by a strong rise in Asia, while business in North America was stable, the company said in a statement.
Europe's fifth largest cement maker by volumes said its nine-month total net profit was €17.1 million. After minorities, the company posted a loss of €39.7 million. Revenues fell 4.4% to €3.396 billion.
Looking ahead, Italcementi said fourth-quarter earnings before interest and tax (EBIT) should be in line with that of the same period of 2011.