Cementir Holding increases sales and earnings so far in 2021

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Italy: During the first nine months of 2021, Cementir Holding recorded consolidated sales of Euro1.01bn, up by 12% year-on-year from Euro897m in the corresponding period of 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 21% to Euro215m from Euro178m. Its net debt on 30 September 2021 was Euro100m, less than half that on 30 September 2020. Its third-quarter cement and clinker sales were 2.9Mt, down by 7.5% year-on-year. This was due to the impacts of pent-up demand post-Covid-19 lockdown, especially in Belgium and Turkey, in the third quarter of 2020.

Dow Jones Global News has reported that chair and CEO Francesco Caltagirone said "In the first nine months of 2021, the group reported results in line with our expectations.”

Last modified on 17 November 2021

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