Cimpor's results in the first half of the year reflect the company’s responsiveness to the challenges of different market rates in the global context of cost pressures.
Sales increased by 4.8% to €1.3 billion, combining the favourable effects of average price and exchange rate. Sales of cement and clinker (14 million t) reflect good performance in Argentina, Paraguay, Mozambique and Portugal, but not enough to offset the slowdown in Brazil, Egypt and South Africa that justifies the decrease of 5.7% overall.
Benefitting from its balanced geographical exposure, Cimpor’s EBITDA of €279.2 million slowed down 3% when compared to the first half of 2014, in a period marked by adversity in Brazil.
In other geographies, dynamic EBITDA generation offered growth of 37%. This was due to the better performance of most business units, particularly evident in Argentina, which led the contributions to consolidated EBITDA, but also in Portugal and Paraguay, which both showed substantial growth in this indicator.
Net Debt of €3.45 billion shows a reduction of 3% compared to June 2014, remaining close to last year's closing figure.
Read the article online at: https://www.worldcement.com/africa-middle-east/20082015/cimpor-financial-report-410/