Ciments Français' revenue fell by 7.3% year-on-year to €819 million in the first quarter of 2013 from €884 million in the same quarter in 2012. The Italcementi subsidiary commented that the first quarter of 2012 had suffered due to bad weather. Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 14.9% to €112 million in the first quarter of 2013 from €132 million in the first quarter of 2012. By business segment, revenues for cement and clinker fell by 8% to €556 million from €60
Ciments Francais’ revenue fell by 7.3% year-on-year to €819 million in the first quarter of 2013 from €884 million in the same quarter in 2012. The Italcementi subsidiary commented that the first quarter of 2012 had suffered due to bad weather.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) fell by 14.9% to €112 million in the first quarter of 2013 from €132 million in the first quarter of 2012. By business segment, revenues for cement and clinker fell by 8% to €556 million from €604 million.
In Western Europe sales volumes of cement and clinker fell by 14.1% to 1.9 million tonnes while in North America sales volumes fell by 3.9% to 700,000 tonnes. In the company’s emerging Europe, North Africa and Middle East region sales volumes rose by 11.2% to 2.7 million tonnes. In Asia sales volumes rose by 11.2% to 2.7 million tonnes.
By revenue, particular decreases were recorded in France, Belgium and Spain. In France and Belgium revenues fell by 10% to €319 million from €354 million. In Spain revenues fell by 29% to €21.7 million from €30.5 million. In India sales revenues fell by 4% to €61.3 million from €63.9 million.
A recurring EBITDA decrease in France and Belgium was attributed to bad weather and a fall in CO2 sales. In India it was attributed to a decrease in prices and a negative exchange rate effect.
The group confirmed its projections for 2013, which forecast a maintenance of EBITDA in 2013. Its projections are based on a recovery of some markets and a significant contribution from an improvement in production efficiency and a reduction in overheads.
