Ciments Français posts €151mn net loss for 2012

For 2012, 1508 Ciments Francais anticipates EBITDA in line with that of 2012, with the negative volume effect on EBITDA, especially in the first half of the year, partly offset by the positive trend in sales prices.

The 726 Italcementi Group subsidiary posted recurring EBITDA down from €706.20 million in 2011 to €653.20 million in 2012. After €270.90 million in impairment losses, the net consolidated profit was a negative €85.10 million. As a result, the net profit attributable to owners of the parent was a negative €150.90 million following a positive €119.10 million in 2011.

Excluding impairment of assets, impact of the non-activation of tax losses and non-recurring restructuring costs, the French construction materials group's net result would be a positive €217 million.

Consolidated revenues for 2012 stood at €3.73 billion, slightly down from €3.82 billion in the previous year.

The group posted sales by volume down in its three business segments in 2012. Cement and clinker fell 2.7% to 39.3 million tonnes, compared to 31.2 million tonnes of aggregates, down 10.4% on 2011. Ready-mix concrete fell 5.2% to 9.2 million m³.