Presentation - Italcementi Group
Presentation - Italcementi Group
Presentation - Italcementi Group
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
2009 cash flow<br />
Reduction of Net Debt even after strong organic growth investments thanks to strict<br />
control of working capital, containment of non organic growth and prudent <strong>Italcementi</strong><br />
S.p.A. dividend policy<br />
EURm<br />
Of which:<br />
Inventories 255<br />
Of which:<br />
Strategic projects 408<br />
vs. 303 in 2008<br />
Of which:<br />
<strong>Italcementi</strong> S.p.A. 53<br />
Egypt 31<br />
Ciments Français S.A. 19<br />
(2,418) 796 (154) (735)<br />
NFP<br />
31.12.07<br />
(253) 57 (171) 199 (2,679)<br />
NFP<br />
31.12.08<br />
(*) Including change in payables of EURm +12 as of Dec. 09 and EURm +6 as of Dec. 08 (**) Including change in payables of EURm +8 as of Dec. 2009 and EURm +2 as of Dec. 2008<br />
<strong>Italcementi</strong> <strong>Group</strong> Mediobanca – Copenhagen Roadshow, 16 June 2010<br />
43
Change language