Ciments Français revenues and net profit down in Q1 2013

Ciments Français posted net consolidated profit down from €1 million in the first quarter of 2012 to €600,000 in the first quarter of 2013. EBIT dropped 32.5% to €31 million, according to the Italcementi Group subsidiary. Weather conditions were much more severe than in the first quarter of 2012, which put additional pressure on the construction sector already affected by the recession in many countries in Europe. Better prices could not offset the fall in sales in volume, which resulted in consolidated rev
May 7, 2013 Read time: 1 min

1508 Ciments Francais posted net consolidated profit down from €1 million in the first quarter of 2012 to €600,000 in the first quarter of 2013.

EBIT dropped 32.5% to €31 million, according to the 726 Italcementi Group subsidiary.

Weather conditions were much more severe than in the first quarter of 2012, which put additional pressure on the construction sector already affected by the recession in many countries in Europe.

Better prices could not offset the fall in sales in volume, which resulted in consolidated revenues down 7.3% to €819.40 million in the first quarter of 2013.

By activity, cement and clinker sales volumes fell 7.3% compared to a 8.6% drop for aggregates and a 1.1% drop for ready-mix concrete.

For more information on companies in this article

Related Content

March 7, 2013

Ciments Français posts €151mn net loss for 2012

For 2012, Ciments Français 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 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

March 28, 2012

Financial challenges impact Ciments Francais

France-based Italcementi subsidiary Ciments Francais has announced a drop in sales and profit in the first half of 2011, compared to the same period last year, due to financial challenges. The company recorded a turnover of €2.04billion, down 1.8% on 2010, and a recurring EBITDA of €386million, a drop of 12.8% on last year.

boombox1

Highlighted Content

boombox2