Italy: Cementir's EBITDA rises 22.3% in first nine months of 2013

Italian cement and construction materials group Cementir posted €116 million EBITDA in the first nine months of 2013, up by 22.3% year-on-year. Pre-tax profits reached €39.7 million, up by 137.9%, while operating profits were up by 65.6% to €50.7 million and revenues rose by 1.4% to €730.9 million. The performance was particularly positive in the Scandinavian countries, Egypt and the Far East, enabling the company to confirm its 2013 targets. These will entail revenues of over €1 billion, EBITDA of ov

November 14, 2013 Read time: 1 min

Italian cement and construction materials group 1909 Cementir posted €116 million EBITDA in the first nine months of 2013, up by 22.3% year-on-year.

Pre-tax profits reached €39.7 million, up by 137.9%, while operating profits were up by 65.6% to €50.7 million and revenues rose by 1.4% to €730.9 million.

The performance was particularly positive in the Scandinavian countries, Egypt and the Far East, enabling the company to confirm its 2013 targets. These will entail revenues of over €1 billion, EBITDA of over €150 million and net debt of under €350 million, from €370.6 million at the end of September.

In Italy, Cementir's sales decreased by 14% in volumes and were down by around €17 million in the first nine months of 2012.

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