Russia: Eurocement recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$182m in 2020, up by 6% year-on-year from US$172m. Sales remained consistent with 2019 levels at US$674m.
Interfax reports that the Auction House of the Russian Federation partly disclosed the group’s 2020 results in a presentation related to the sale of its parent company, GFI Investments, and related debts. Potential investors have until 15 March 2021 to submit price indications. The sale is scheduled for conclusion in April 2021.
