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
Italian cement and construction materials group
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.
