Morocco: Ciments du Maroc reports 5.1% fall in turnover

Moroccan cement company Ciments du Maroc (Italcementi Group) has reported a 5.1% fall in its operational turnover to MAD 3.43 billion (€320.06 million/US$346.73 million), while its Ebitda fell by 7.9% to MAD 1.48 billion. The company's net profit fell slightly by 0.8% to MAD 813 million, with operational efficiency notably in substitute fuel use making up for a drop in sales. By volume, the company's sales (as well as those of its subsidiary Indusaha) fell by 5.1%, notably affected by the floods that hit th
Quarry Products / March 11, 2015

RSSMoroccan cement company Ciments du Maroc (726 Italcementi Group) has reported a 5.1% fall in its operational turnover to MAD 3.43 billion (€320.06 million/US$346.73 million), while its Ebitda fell by 7.9% to MAD 1.48 billion.

The company's net profit fell slightly by 0.8% to MAD 813 million, with operational efficiency notably in substitute fuel use making up for a drop in sales.

By volume, the company's sales (as well as those of its subsidiary Indusaha) fell by 5.1%, notably affected by the floods that hit the country in late 2014. Sales of ready to use concrete fell by 26.6% while sales of aggregates fell by 28.8%.

Relating to governance, the company has split the function of president of the management board and managing director, with Mohamed Chaïbi appointed president of the board and Mario Domenico Bracci appointed managing director.

For 2015 the company will continue with its development of a cement works and crushing centre in Tangier, while it is looking into developing a crushing unit in Guinea.

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Italcementi
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