Displaying items by tag: Results

Russia: Siberian Cement’s concrete arm SiberskyBeton produced 243,420m³ of concrete and mortar in 2021, a 14% increase compared to 2020. The growth is a result of increased demand for building materials in 2021. According to Artem Safyanov, managing director of SibirskyBeton, the company pays close attention to quality of its mixes, which helps the company to hold leadership positions in the market of Siberian Federal District.

Mexico: The net sales of Grupo Cementos Chihuahua (GCC) increased by 10.8% year-on-year in 2021 compared to 2020, according to its fourth quarter financial report. Its net sales for the year came to US$1.04bn, while operating profit rose by 14.2% to US$214.3m from US$211.3m a year earlier.

GCC said that its stronger result was due to both volumes increases and higher selling prices in the US and Mexico. In the US market, the company’s cement volumes increased by 5.6% in 2021, with a 5.1% rise in concrete sales. Prices in the US rose by 8.9% and 5.1% respectively. In Mexico, cement and ready-mix concrete volumes rose by 6.9% and 19.1% respectively. Overall sales increased by 17.9%.

Russia: Iskitimcement, part of Siberian Cement, manufactured 1.18Mt of cement in 2021, a 20% rise year-on-year compared to 2020. It said that increase was primarily caused by demand growth. Iskitimcement shipped 0.45Mt of cement to customers by rail and 0.74Mt by road in 2021. Sales of bulk cement grew to 0.95Mt, around 80% of all sales. The manufacturer supplied 86,000t in 1t big bags and 145,000t in paper bags.

India: UltraTech Cement recorded consolidated sales of US$1.74bn in the third quarter of the 2022 financial year, up by 5.8% year-on-year. Its net profit in the quarter was US$229bn.

The Business Standard newspaper reported that the producer maintained a strong cement volumes growth trajectory, with 13% year-on-year cement sales growth throughout the first nine months of the 2022 financial year.

Japan: Sumitomo Osaka Cement recorded consolidated first-half sales of US$790m in its 2022 financial year, down by 20% from US$993m in the first half of the 2021 financial year. Its cement sales were US$544m, down by 31% from US$784m. It exported 778Mt of cement, up by 33% from 594Mt in the first half of the 2021 financial year. Its domestic sales volume was 4.1Mt, up by 1.2% from 4.05Mt.

The group forecast full-year consolidated sales of US$1.65bn, down by 22% year-on-year from US$2.12bn.

UK: Breedon Group has told investors that its consolidated sales in the first ten months of 2021 were Euro1.24bn, up by 31% compared to their levels in the corresponding period of 2020. The group said that its ‘layered hedging policy’ mitigated key commodity cost pressures during the period. As such, it raised its 2021 full-year underlying earnings before interest, depreciation and taxation (EBIT) forecast to more than Euro145m.

South Africa: PPC’s revenue grew by 20% year-on-year to US$324m in the first half of its financial year to 30 September 2021 from US$269m in the same period in 2020. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 13% to US$59.6m from US$52.9m. The group reported that cement sales volumes rose by 12 – 15% in South Africa and Botswana due to strong retail demand. It also described new procurement measures supporting locally produced cement for government-funded project as “an essential first step in ensuring the economic sustainability of the South African cement industry.” It noted cement sales volumes growth of 19% in Zimbabwe despite local economic problems, but earnings declined due to additional costs incurred in importing clinker and an unplanned kiln shutdown. In Rwanda the group noted flat sales volumes and falling earnings due to a coronavirus-related lockdown.

Germany: ThyssenKrupp's consolidated sales rose by 18% year-on-year in its 2021 financial year to Euro34bn. Its adjusted earnings before interest and taxation (EBIT) rose to Euro796m, compared to a loss before interest and taxation of 1.76bn in the 2020 financial year. Its order intake during the year rose by 41% to Euro39.6bn.

The company's multi tracks segment, which includes cement plant production, recorded a 2% sales rise and a 34% rise in its order intake. Its plant technology segment's sales fell due to a depressed order intake in the 2020 financial year. It increased its order intake in all business areas and won its first contracts in the hydrogen market. Hydrogen is one of the division's key growth markets.

Chief executive officer Martina Merz said, “After a good two years of intensive transformation work, we can now say that the turnaround is evident. ThyssenKrupp is going in the right direction. Our performance is improving significantly, which is reflected in our figures." She continued, "We aim to benefit from this momentum in the next phase of our transformation in order to restore our businesses to profitable growth. However, enormous challenges remain, especially due to the semiconductor shortage and the uncertainties arising from the coronavirus pandemic.”

Ireland: CRH’s consolidated sales rose by 11% year-on-year to US$22.8bn in the first nine months of 2021, according to the group’s nine-month trading update. The company recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$3.9bn, up by 15% year-on-year. CRH forecast a full-year EBITDA of US$5.25bn.

CRH said that it invested US$1.4bn in new acquisitions in the first nine months of 2021. It added that there remains a strong pipeline of opportunities open to it. At the end of the third quarter of 2021, the company had completed US$800m-worth of its share buyback programme.

Chief executive officer Albert Manifold said “CRH continues to perform well, with good underlying demand and pricing progress across our key markets. Our uniquely integrated and solutions-focused business model has supported further margin expansion across our businesses, while our strong cash generation and disciplined approach to capital allocation provides further opportunities to create value for all of our stakeholders.” He added “Looking ahead to the remainder of the year, we expect to deliver another record performance for the group.”

Brazil: Votorantim Cimentos’ revenue grew by 37% year-on-year to US$2.95bn in the first nine months of 2021 from US$2.15bn in the same period in 2020. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 67% to US$758m from US$455m. Cement sales volumes rose by 18% to 27.8Mt from 23.5Mt. The cement producer benefitted from strong growth in the first half of 2021, particularly in Brazil, although this has slowed somewhat. Notable acquisitions by the company so far in 2021 include an agreement to buy both Cementos Balboa and FYM’s Southern business in Spain and the completion of a deal to take control of McInnis Cement in Canada.

Overall the group’s net revenue rose by 32% to US$8.81bn from US$6.67bn. Its adjusted EBITDA grew by 70% to US$2.14bn from US$1.26bn. Cement-based revenue represented 44% of the total. The group attributed its result in the third quarter of 2021 to higher commodity prices and sales volumes.