Presentation - Italcementi Group
Presentation - Italcementi Group
Presentation - Italcementi Group
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Emerging Europe - Middle East - North Africa<br />
EBITDA decline driven by Egypt and Bulgaria<br />
VOLUMES<br />
Q1<br />
2010<br />
Q1<br />
2009<br />
Var.<br />
10-09<br />
Var. like<br />
for like<br />
Cement and Clinker<br />
(kt)<br />
4,759<br />
4,891<br />
-2.7%<br />
-2.7%<br />
Aggregates<br />
(kt)<br />
497<br />
554<br />
-10.3%<br />
-10.3%<br />
Ready-mix<br />
(mm³)<br />
883<br />
833<br />
+6.0%<br />
+0.3%<br />
EURm<br />
REVENUES<br />
RECURRING EBITDA<br />
% REC EBITDA ON REVENUES<br />
341 359<br />
92 110<br />
27.0% 30.6%<br />
-4.8%<br />
-16.1%<br />
-3.6p.p.<br />
-2.9%<br />
-13.7%<br />
-<br />
Q1 - Recurring EBITDA variation analysis EURm<br />
Volumes affected by slumping market in<br />
Bulgaria<br />
Negative margin impact from clinker<br />
purchases in Egypt to keep up with market<br />
demand in spite of capacity constrains<br />
Other markets stable<br />
<strong>Italcementi</strong> <strong>Group</strong> Mediobanca – Copenhagen Roadshow, 16 June 2010<br />
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