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News Cementir Holding increases nine-month cement and clinker volumes by 11% as earnings and sales fall slightly

Cementir Holding increases nine-month cement and clinker volumes by 11% as earnings and sales fall slightly

Written by Global Cement staff 12 November 2020
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Italy: Caltagirone Group company Cementir Holding sold 7.7Mt of grey cement, white cement and clinker in the first nine months of 2020, up by 11% year-on-year from 6.9Mt in the first nine months of 2019. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 2% over the period, to Euro178m from Euro182m, while sales also declined, by 1% to Euro897m from Euro906m.

One notable region where the trend was reversed was Egypt, where, in spite of a 2.5% fall in cement and clinker volumes, EBITDA rose by 40% to Euro6.81m from Euro4.86m and sales rose by 16% to Euro31.3m from Euro27.1m. EBITDA also rose in the Nordic and Baltic, Turkey, China and Asia-Pacific regions.

Chief executive officer (CEO) and chair Francesco Caltagirone said, “Results significantly improved in the third quarter, with cement up by 19% and EBITDA up by 12% compared to the third quarter of 2019.”

Last modified on 18 November 2020
Published in Global Cement News
Tagged under
  • Italy
  • Cementir Holding
  • Results
  • Turkey
  • China
  • GCW482

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