Spanish construction materials company, Uralita, has doubled its losses in the first half of 2013 compared to a year earlier to €19.9 million, due to a fall in sales. The companysays it has seen a drop in sales across all regions in which it operates, especially in Spain where they fell 24%. It operating profits dropped 11.4% to €274.2 million, with its tiles and pipes businesses being especially affected (down 26.1% and 18.3% respectively). Ebitda reached €13 million, which was down 46.3%, due to rising ra
Spanish construction materials company,
The companysays it has seen a drop in sales across all regions in which it operates, especially in Spain where they fell 24%. It operating profits dropped 11.4% to €274.2 million, with its tiles and pipes businesses being especially affected (down 26.1% and 18.3% respectively).
Ebitda reached €13 million, which was down 46.3%, due to rising raw material prices coupled with falling sales.
The company is expecting some recovery in profitability in the second half of the year, thanks to restructuring and internationalisation plans.
