[Original] Italian Cement Group: 2013 Performance Declines, Turnover Only Rises in Asia

2014-02-11 10:38:22

In 2013, Italcementi's turnover fell by 5.4% year-on-year to 4,235.4 million euros, but only by 2.2% year-on-year on a comparable basis. Among them, the turnover of cement and clinker decreased by 6.4% to 2.7168 billion euros, the turnover of concrete and aggregate decreased by 2.5% to 1.2487 billion euros, and the sales of other businesses of the Group decreased by 8.5% to 269.9 million euros.

In 2013, Italcementi's cement shipments fell 6% year-on-year to 43.1 million tons, aggregate shipments fell 4.2% year-on-year to 32.5 million tons, and ready-mixed concrete shipments fell 4.7% year-on-year to 12.3 million cubic meters.

In 2013, Italcementi's turnover fell by 5.4% year-on-year to 4,235.4 million euros, but only by 2.2% year-on-year on a comparable basis. Among them, the turnover of cement and clinker decreased by 6.4% to 2.7168 billion euros, the turnover of concrete and aggregate decreased by 2.5% to 1.2487 billion euros, and the sales of other businesses of the Group decreased by 8.5% to 269.9 million euros.

In 2013, cement sales in all of Italcementi's operating regions declined, with the exception of increased sales in Asia and North America.

In Western Europe , the Group's turnover fell by 7.5% year-on-year to 2,234.8 million euros as the Group's cement and clinker sales fell by 9.3% year-on-year to 14.5 million tons. Among them, the Group's cement shipments in Italy fell 19% year-on-year (1.3 million tons) to 5.4 million tons, but the Group's cement prices in Italy were better; in other Western European regions, the Group's cement shipments fell slightly by 1.7% year-on-year to 9.1 million tons. In addition, in 2013, the Group's sales in the European downstream industry were not optimistic, with aggregate shipments falling 4.3% year-on-year to 29.1 million tons, of which Italy's shipments were 2.1 million tons; Shipments of ready-mixed concrete fell 11% year-on-year to 8 million cubic meters, while shipments of ready-mixed concrete, excluding Italy, fell only 1.8% to 5.2 million cubic meters.

In the Mediterranean and Black Sea region , the Group's turnover fell by 6.4% year-on-year to 944 million euros. Among them, due to the impact of energy shortage on cement industry capacity, the Group's cement sales in Egypt fell 17.6% year-on-year. The Group's cement and clinker shipments decreased by 11.7% year-on-year to 13.2 million tons, mainly due to the decrease in shipments in Egypt. In addition, the Group's aggregate sales in the Mediterranean and Black Sea regions increased by 6.7% year-on-year to 1.9 million tons, benefiting from the continuous increase in sales in Morocco; The Group's shipments of ready-mixed concrete in the Mediterranean and Black Sea regions increased by 7.3% year-on-year to 2.5 million cubic meters due to the positive impact of a 12.6% year-on-year increase in sales of ready-mixed concrete in Morocco.

In Asia , the Group's turnover increased by 2.1% year-on-year to EUR532.1 million, as the Group's cement shipments increased by 3.8% year-on-year to 10.5 million tons (with cement shipments in Thailand and India increasing by 5.5% and 1.6% respectively). Generally speaking, the development of the downstream industry of the Group in Asia is relatively stable, and the downstream industry is monopolized by Thailand. Among them, the Group's aggregate shipments in Asia totaled only 100,000 tons, while the Group's shipments of ready-mixed concrete in Asia increased by 37.2% to 1 million cubic meters due to a 36% year-on-year increase in shipments of ready-mixed concrete in Thailand, the main market, and a 45.8% year-on-year increase in shipments in Kazakhstan.

In North America , the Group's turnover fell 2.5% year-on-year to EUR 428.7 million. The Group's cement shipments in North America increased by 1.5% year-on-year to 4.3 million tons, while the shipments of ready-mixed concrete decreased by 9.7% year-on-year to 0.7 million cubic meters. In addition, the sales volume of aggregates decreased by 10% year-on-year to 1.4 million tons after two consecutive years of growth.

International cement and clinker trade volume fell 17% year-on-year to 3 million tons, and turnover fell 17.3% year-on-year to 176.1 million euros.

It is reported that the performance report of Italian Cement Group in 2013 is expected to be released on March 6, 2014.

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Correlation

In 2013, Italcementi's turnover fell by 5.4% year-on-year to 4,235.4 million euros, but only by 2.2% year-on-year on a comparable basis. Among them, the turnover of cement and clinker decreased by 6.4% to 2.7168 billion euros, the turnover of concrete and aggregate decreased by 2.5% to 1.2487 billion euros, and the sales of other businesses of the Group decreased by 8.5% to 269.9 million euros.

2014-02-11 10:38:22