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News Heracles Cement’s sales remain level as earnings increase in 2020

Heracles Cement’s sales remain level as earnings increase in 2020

Written by Global Cement staff 26 May 2021
  • Print

Greece: Heracles Cement recorded sales of Euro189m in 2020, consistent with 2019 levels. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 36% year-on-year to Euro35.5m from Euro26.1m. Lower cement prices domestically partly offset an increase in cement volumes, resulting in domestic cement sales growth of 7%. Cement exports fell by 16%. Positive currency exchange effects against the US dollar constrained the export drop.

The subsidiary of Switzerland-based LafargeHolcim said that it is firmly pursuing its strategy with new investments aimed at the on-going improvement of its environmental footprint and transition to innovative and sustainable building solutions, always respecting people, society and the environment.

Published in Global Cement News
Tagged under
  • Greece
  • Heracles Cement
  • LafargeHolcim
  • Results
  • GCW507

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