Presentation - Italcementi Group
Presentation - Italcementi Group
Presentation - Italcementi Group
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Income statement (2/2)<br />
Net of 2008 Turkey indemnity, financial expenses decline thanks to interest rate<br />
effect. Lower adjustments to financial assets value but decline in contribution from<br />
equity participation<br />
EURm<br />
Of which<br />
Rate 33<br />
Capitalized borrowing costs 9<br />
Volume (7)<br />
FY<br />
2009<br />
FY<br />
2008<br />
Var.<br />
% Var.<br />
EBIT<br />
% on revenues<br />
Financial income and expenses<br />
Adjustment to financial assets value<br />
Turkey<br />
indemnity 50<br />
Calcestruzzi<br />
(41) in 2009<br />
(42) in 2008<br />
Result of comp. valued with the equity method<br />
443<br />
8.8%<br />
(107)<br />
(41)<br />
15<br />
607<br />
10.5%<br />
(79)<br />
(125)<br />
25<br />
(164)<br />
-1.7 p.p.<br />
(27)<br />
+84<br />
(11)<br />
-27.1%<br />
-<br />
+34.5%<br />
-67.1%<br />
-41.9%<br />
Of which<br />
Cyprus (6)<br />
Canada (3)<br />
Profit before Tax (Pbt)<br />
% on revenues<br />
Goltas , Bursa (79)<br />
310 428 (118) -27.7%<br />
6.2% 7.4% -1.2 p.p. -<br />
Income tax expense<br />
(94)<br />
(151)<br />
+57<br />
-37.8%<br />
Net profit<br />
215<br />
277<br />
(61)<br />
-22.2%<br />
% on revenues<br />
4.3%<br />
4.8%<br />
-0.5 p.p.<br />
-<br />
<strong>Group</strong> net profit<br />
71<br />
143<br />
(71)<br />
-50.0%<br />
Minority interest<br />
144<br />
134<br />
+10<br />
+7.4%<br />
<strong>Italcementi</strong> <strong>Group</strong> Mediobanca – Copenhagen Roadshow, 16 June 2010 40
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