Italy: Italcementi has reported that its revenue fell by 5.4% year-on-year to Euro4.24bn in 2013 from Euro4.48bn in 2012. It blamed the drop on a continued fall in demand for building materials in Europe, a patchy recovery in North America and limited energy availability in Egypt that has decreased cement production capacity.
Sales volumes of cement and clinker fell by 6% year-on-year to 43.1Mt in 2013. Revenue for the company's cement and clinker segment fell by 6.4% to Euro2.72bn from Euro2.91bn. By region sales volumes fell by 9.3% to 14.5Mt in Central Western Europe and by 11.7% to 13.2Mt in Emerging Europe, North Africa and the Middle East. Its North America and Asia regions remained buoyant in terms of sales volumes in 2013 but North America saw its revenue fall by 2.5% to Euro429m.
