Brief: Cementir Holding Q3 Profit Before Tax Down At EUR 41.7 Mln

Cementir Holding NV

13/11/2019 16:55

Nov 13 (Reuters) - Cementir Holding NV  CEMI.MI :
    * Q3 TOTAL OPERATING REVENUE EUR 314.2 MILLION VERSUS EUR
308.7
MILLION YEAR AGO
    * Q3 PROFIT BEFORE TAX EUR 41.7 MILLION VERSUS EUR 44.8
MILLION
YEAR AGO
    * CONFIRMS 2019 GUIDANCE TO ACHIEVE CONSOLIDATED LEVEL OF
REVENUE
OF APPROX EUR 1.2 BILLION AND EBITDA BETWEEN EUR 250 AND 260
MILLION
    * EXPECTS NET FINANCIAL DEBT AT THE END OF 2019 TO AMOUNT TO
EUR
245 MILLION, INCLUDING BUSINESS INVESTMENTS FOR APPROX EUR 70
MILLION
    * BOARD HAS REVIEWED AND APPROVED THE GROUP'S INDUSTRIAL
PLAN FOR
THE THREE YEARS 2020-2022
    * PLANS TO INVEST ABOUT EUR 100 MILLION IN SUSTAINABILITY
OVER THE
NEXT 3 YEARS
    * NEW GROUP INDUSTRIAL PLAN ENVISAGES THE ACHIEVEMENT
REVENUE
BETWEEN EURO 1.3 AND 1.35 BILLION IN 2022
    * UNDER NEW GROUP INDUSTRIAL PLAN ENVISAGES EBITDA TO EXCEED
EURO
300 MILLION, WITH AN EBITDA MARGIN EXPANSION OF 300 BASIS POINTS
TO AROUND 23% BY 2022
    * UNDER NEW GROUP INDUSTRIAL PLAN, SEES ANNUAL INVESTMENTS
OF
APPROX. EURO 70 MILLION DIRECTED TOWARDS DEVELOPING PRODUCTION
CAPACITY
    * PLAN TO REDUCE CO2 EMISSIONS PER TON OF CEMENT PRODUCED OF
30%
BY 2030

Source text for Eikon:  urn:newsml:reuters.com:*:nBIALD0qT
Further company coverage:  CEMI.MI 

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