Greece: Lafarge Beton revenues down by 39.2% in 2012

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

In the first quarter of 2013, Titan Cement of Greece posted a 19% rise in its revenues, to €51 million in comparison with the corresponding period in 2012. Titan also posted an EBITDA loss of €2 million from €12 million profits as well as a net loss of €17 million from €0.2 million profits. At group level, its revenues rose by 8%, to €243 million while its EBITDA dropped by 29%, to €24 million compared with the same period last year.

In the first half of 2012, Titan Cement of Greece posted a 2% drop in its revenues to €548 million, a 21% decrease in its EBITDA (earnings before interest, taxation, depreciation and amortisation) to €112 million, and a 65% decrease in its profits to €8 million, compared with the corresponding period in 2011.

Greek firm Titan Cement saw a 19% drop in its revenues in 2011 to €1.09bn.