On a turnover that advanced by 5.2% to €2,787.4 million,
With the non-recurrence of the exceptional charges seen in 2010, the trading profit (EBIT) jumped from €0.3 million to €185.9 million.
After a net interest charge 3.7% lower at €99.8 million a pre-tax profit of €84.3 million emerged, an improvement on the previous year’s loss but still well below the €235.2 million profit achieved in 2009.
Net attributable profit was €26.4 million. Net debt at the end of the year was 9.8% lower at €1,141.1 million, while shareholders’ funds improved by 2.2% to €2,844.8 million to give a gearing of 40.2%.
Volumes improved by 6.2% to 28.2 million tonnes in cement and by 4.8% to 15.1 million m³ in ready-mixed concrete.