Italy: Cementir has made a loss of Euro6m in the first quarter of 2016. It made a profit before tax of Euro3.8m in the same period in 2015. It reported that its revenue rose by 2.8% to Euro210m from Euro205m. Its sales volumes of grey and white cement rose by 8.7% to 2.01Mt from 1.85Mt.
The Italian cement producer reported strong performances in the Scandinavian countries, Malaysia and Egypt. Sales revenue in Turkey increased in the quarter but this was offset by currency fluctuations. In China revenue fell by 9% year-on-year in the period. In Italy revenue fell by 8% due to a fall in sales volumes of cement.