Portugal’s Cimpor posts €71.2mn loss in 2015

Portuguese cement company Cimpor recorded losses in 2015 of €71.2 million, compared to a €27.2 million profit in 2014. The firm’s turnover also fell by 6.1% in the same analysed period to €2.492 billion. Cimpor’s management said the company’s 2015 trading figures reflected the slowdown of developing economies where it operates, notably Brazil. Measures to increase profitability are being used, bosses say, such as the cancellation of production in plants which are under performing, and the sale of concre
March 2, 2016

Portuguese cement company 1347 Cimpor recorded losses in 2015 of €71.2 million, compared to a €27.2 million profit in 2014. The firm’s turnover also fell by 6.1% in the same analysed period to €2.492 billion.

Cimpor’s management said the company’s 2015 trading figures reflected the slowdown of developing economies where it operates, notably Brazil. Measures to increase profitability are being used, bosses say, such as the cancellation of production in plants which are under performing, and the sale of concrete plants in Brazil. Cimpor’s 2015 ebitda stood at €525.7 million, down 18.6% compared to the €645.6 million recorded in 2014.

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