Cimpor has released its interim consolidated financial report for 1Q15. Although positive developments were reported for many of the markets in which Cimpor operates,
challenges in countries such as Brazil impacted the group’s quarterly results.
Group results
•Cement and clinker sales volumes fell from 7.2 million t in 1Q14 to approximately 6.8 million t in 1Q15, a decline of 5.3%.
•Turnover totaled €636.6 million, up 7.4% y/y. This increase has been attributed to an overall rise in average prices, which helped to mitigate the decrease in sales volumes.
•Accumulated EBITDA came in at €123.4 million, down 7.2% on the €133.1 million achieved in the corresponding quarter in 2014. Maintenance work, higher energy costs, and seasonal 1Q lower activity contributed to this contraction.
•Net profit fell to negative €17.2 million.
