Finance and results

Board of Directors approves 2017 results and guidance for 2018

Cementir Holding: Board of Directors approves 2017 results and guidance for 2018

  • Revenue: EUR 1,140.0 million (EUR 1,027.6 million in 2016), up 10.9%
  • EBITDA: EUR 222.7 million (EUR 197.8 million in 2016), up 12.6%
  • EBIT: EUR 140.6 million (EUR 94.7 million in 2016)​​​​​​​
  • Group net profit: EUR 71.5 million (EUR 67.3 million in 2016)​​​​​​​
  • Net financial debt: EUR 536.6 million (EUR 562.4 million at 31 December 2016)
  • Guidance for 2018: EBITDA of around EUR 235 million and net financial debt to EUR 260 million​​​​​​​
  • Proposed dividend: EUR 0.10 per share (in line with last year)​​​​​​​

Rome, 8 March 2018 – The Board of Directors of Cementir Holding SpA, chaired by Francesco Caltagirone Jr., has examined and approved the draft financial statements for the year ended 31 December 2017. Following the agreement for the sale of Cementir Italia SpA and its wholly owned subsidiaries Cementir Sacci SpA and Betontir SpA (the “Cementir Italia Group”) finalised on 2 January 2018, the Group has recorded the effects of the sale as discontinued operations, in accordance with IFRS 5.