Holcim Romania record loss of €8.67mn in 2012

Holcim Romania, the local division of the Swiss group Holcim, plans to return to profit in 2013. The company recorded a loss of around €8.50 million in 2012 due to a rise in costs, compared to a profit of around €18 million in 2011.

The 2009 downturn hit Romania’s construction industry harder than any other in central Europe: it is likely to lead the recovery. Romania’s construction industry was hit harder than any other in central Europe by the 2009 downturn, but there are signs of optimism. European Union funding is beginning to fall into place alongside major infrastructure plans throughout the country. Just three or four years ago, Romania’s construction industry was doing well: cement use alone reached record levels in 2008 at 600

Italian construction material specialist Italcementi is reported to have recorded a €34.6million net loss in the first quarter of 2012, compared to a €127.6mn net profit in the same period of 2011. The company’s ebit fell from €36.3million in Q1 2011 to €21.3million in Q1 2012, and the ebitda from €130.8million to €126.7million at the end of March 2012. Meanwhile, consolidated revenues decreased from €1.15billion to €1.07billion. Net debts rose from €2.093billion, recorded at the end of 2011, to €2.18billio