Skip to main content

InterCement reports volume growth in 1Q18

Published by
World Cement,


InterCement reported a 3.1% increase in cement and clinker volumes in 1Q18. According to its latest interim results, the company sold 5.79 million t of cement and clinker in the first three months of the year, compared to 5.62 million t in 1Q17.

“We had a good start,” said Paulo Deniz, InterCement’s Chief Financial Officer, “Volumes grew in 1Q, reverting the downward trend observed for this quarter since 2014.”

Volumes were supported by continued momentum in private construction and infrastructure in Argentina, where InterCement’s Loma Negra reported cement and clinker sales up 9.5% to 1.6 million t. Portuguese volumes were also up, benefitting from increased exports, while InterCement’s African operations reported a volume growth of 11.3%.

The company also reported an average price increase of 10.6% in local operating currencies, although this was offset by a depreciation of operating currencies against the euro. As a result, sales revenues were down 3.7% at €436.1 million.

Read the article online at: https://www.worldcement.com/the-americas/19062018/intercement-reports-volume-growth-in-1q18/

You might also like

Optimisation 2019

Optimisation 2019

Optimisation 2019 is an online conference for professionals in the cement sector. Since this is a completely virtual conference, you can join us from anywhere in the world, absolutely free. Register for free today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Cement news 2018