Ciments Francais reviews 2013 results

Ciments Francais has reported consolidated revenues of €3591.5 million for 2013, a 3.6% decline y/y, adjusted to +0.2% at comparable scope and exchange rates. Revenues were affected by the depreciation of many currencies against the euro, including the Egyptian pound, Indian rupee and US dollar.

Cement and clinker sales for the year were down, due in part to subdued activity in the Emerging Europe, North Africa and Middle East zone – and particularly in Egypt, which witnessed a 17.6% decline due to a fuel shortage that reduced production capability. Cement consumption was down 1.7% in Western Europe, where revenues were also down by 2.6%. In North America, the recovery began to show an impact, though with regional variations, leading to a 1.5% increase in sales. This positive trend was likewise felt in Thailand, where sales were up 5.5%, and in India, up 1.6%.

In the last quarter of the year, cement and clinker sales volumes fell worldwide, though sales increased in Kuwait (+8.4%) and Thailand (+4.9%). Consolidated revenues for 4Q13 amounted to €861.4 million, down 4.5% y/y, adjusted to +0.7% at comparable scope and exchange rates.

The company’s full results for the year will be published in early March.

Adapted from press release by Katherine Guenioui

Read the article online at: https://www.worldcement.com/europe-cis/07022014/ciments_francais_reviews_2013_results_711/