According to its new business plan, Italian cement and construction materials group Cementir expects its revenues to grow 5% a year on average in 2014-2016 to up to €1.15 billion, while its EBITDA should grow about 16% a year to up to approximately €240 million.
The company also expects to keep investing about €70 million-€75 million/year, as well as increasing its profitability and consolidating its activities, an operation that should enable the company to save €35 million.
Cementir is planning new
January 23, 2014
Read time: 1 min
According to its new business plan, Italian cement and construction materials group 1909 Cementir expects its revenues to grow 5% a year on average in 2014-2016 to up to €1.15 billion, while its EBITDA should grow about 16% a year to up to approximately €240 million.
The company also expects to keep investing about €70 million-€75 million/year, as well as increasing its profitability and consolidating its activities, an operation that should enable the company to save €35 million.
Cementir is planning new acquisitions, especially in Africa, Asia and North America, and it intends to increase its white cement's market quota, which already covers 15% of the global demand, and develop in the waste management sector. In particular, the company expects for the latter to contribute to its EBITDA by over €10 million by 2016.
