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Cimpor’s total cement and clinker sales improve

World Cement,

Cement and clinker sales

Cimpor has released its results for 1H13 and 2Q13. During the second quarter, cement and clinker sales reached 7 million t, up 2.5% y/y and 12% q/q. Meanwhile, in the first six months of the year, total cement and clinker sales increased to 13.5 million t, 4.1% higher than the 12.9 million t sold in 1H12.

On a regional basis, the assets acquired by Cimpor in December 2012 in Latin America performed well. In Brazil, sales increased by 108.4% to 3 million t in 2Q13 and by 104.5% to 5.9 million t in 1H13. Sales of cement and clinker also did well in Argentina and Paraguay, coming in at 1.6 million t in 2Q12 and more than 3 million t in 1H13. Although sales in Mozambique were down 4.5% in the second quarter, total sales for 1H13 grew by 7% y/y to 557 000 t. Cimpor helped to mitigate the threat of increased competition from imports in South Africa by introducing a range of new cement types. This led to a 21.1% and 6.2% increase in sales volumes in 2Q13 and 1H13, respectively. The continuing economic and political uncertainty in Egypt affected cement and clinker sales in the region, resulting in a 7.8% y/y decline in 1H13. The downturn in Portugal continued to impact sales. Despite a 2.2% rise in Portugal and Cape Verde in 2Q13, sales volumes were down by 2.5% in 1H13 to 2 million t.

Financial results

The rise in cement and clinker sales volumes helped turnover to increase by 19.6% y/y in 1H13, coming in at €1.3 billion. EBITDA rose from €267.4 million in 1H12 to €284.2 million in 1H13. Net income came in at -€74.8 million in 1H13, compared to -€204.8 million in the same period last year.

Appointments

Cimpor has also announced that Claudio Borin Guedes Palaia and Nélson Tambelini Júnior have been appointed to the company’s Board of Directors and to the Executive Committee. The changes follow the resignation of Luis Miguel da Silveira Ribeiro Vaz, André Gama Scharffer, Daniel Antonio Biondo Bastos and Armando Sérgio Antunes da Silva from the Board of Directors, as well as the latter three from the Executive Committee.

Adapted from press release by

 
 

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