Italian cement and construction materials group Cementir has posted a preliminary 4.6% year-on-year rise in turnover to €976 million in 2012. The firm's EBITDA went up by 11.1% to €138 million, while its net debt grew by €15.5 million to €373 million. Cementir says it also expects to post a rise in both turnover and EBITDA in 2013, claiming that strong sales in China, Malaysia and perhaps Egypt are compensating for the weak Italian market and the slowdown in Turkey. The group says it intends to implement pr
February 5, 2013
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Italian cement and construction materials group 1909 Cementir has posted a preliminary 4.6% year-on-year rise in turnover to €976 million in 2012. The firm's EBITDA went up by 11.1% to €138 million, while its net debt grew by €15.5 million to €373 million. Cementir says it also expects to post a rise in both turnover and EBITDA in 2013, claiming that strong sales in China, Malaysia and perhaps Egypt are compensating for the weak Italian market and the slowdown in Turkey. The group says it intends to implement productivity and efficiency measures that should save around €30 million from 2014 onwards.
