Italy’s Cementir Holding sees revenues increase in 2013

Cementir Holding, the company behind Cementir, the Italian cement and construction materials group, saw its gross operating margins increase by 22.9% year-on-year in 2013 to €169.70 million. Revenues increased by 1.3% to €988.6 million and the company's net debt fell €48.1 million to €324.9 million. Sales of cement and clinker fell by 1% in 2013 from 9.8 million tonnes to 9.7 million tonnes due to a decline in the Italian market and a drop in exports to Egypt. Exports to Turkey and China increased and
February 10, 2014 Read time: 1 min

RSSCementir Holding, the company behind 1909 Cementir, the Italian cement and construction materials group, saw its gross operating margins increase by 22.9% year-on-year in 2013 to €169.70 million.

Revenues increased by 1.3% to €988.6 million and the company's net debt fell €48.1 million to €324.9 million.

Sales of cement and clinker fell by 1% in 2013 from 9.8 million tonnes to 9.7 million tonnes due to a decline in the Italian market and a drop in exports to Egypt. Exports to Turkey and China increased and the Danish market remained stable. Net debt fell below €350 million.

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