Cementir's 2015 EBITDA above target at €194.4mn

Cementir Holding, the Italian cement and construction materials specialist, has approved its 2015 preliminary results. The company has achieved an EBITDA of €194.40 million, up by 1.3% and above the €190 million target; operating profits of €98.5 million, down by 5.3%, and revenues of €969 million, up by 2.2%. Net debts were also on target at €222.1 million, down by €56.2 million to €278.3 million. Improvements in Italy and in the Scandinavian countries, together with the constant contribution from th
February 17, 2016 Read time: 1 min

1909 Cementir Holding, the Italian cement and construction materials specialist, has approved its 2015 preliminary results.

The company has achieved an EBITDA of €194.40 million, up by 1.3% and above the €190 million target; operating profits of €98.5 million, down by 5.3%, and revenues of €969 million, up by 2.2%.

Net debts were also on target at €222.1 million, down by €56.2 million to €278.3 million. Improvements in Italy and in the Scandinavian countries, together with the constant contribution from the Far East, compensated the lesser performance in Turkey and Egypt, caused by social-political tension in the area, as well as the negative impact of devaluation of some foreign currencies.

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