2012 Annual Report - Italcementi Group

2012 Annual Report
Presentation 4
General information 14
Annual Report Consolidated Annual Report Directors’ report 30
Sustainability disclosure Italcementi S.p.A. Annual Report Consolidated financial statements 63
Extraordinary session 351
Quarterly results
(in millions of euro)
Full year
2012
Q4
2012
Q3
2012
Q2
2012
Q1
2012
Revenue 4,480.1 1,084.4 1,095.9 1,236.5 1,063.4
% change vs. 2011 (3.8) (1.9) (3.3) (3.4) (6.7)
Recurring EBITDA 632.4 132.0 171.8 199.9 128.8
% change vs. 2011 (9.8) (2.9) (11.2) (16.8) (2.0)
% of revenue 14.1 12.2 15.7 16.2 12.1
EBITDA 614.9 98.2 172.7 206.4 137.6
% change vs. 2011 (17.1) (37.6) (11.3) (14.3) (7.7)
% of revenue 13.7 9.1 15.8 16.7 12.9
EBIT (150.9) (310.6) 59.1 76.1 24.5
% change vs. 2011 n.s. (>100.0) (27.3) (37.8) (35.9)
% of revenue (3.4) (28.6) 5.4 6.2 2.3
Profit (loss) relating to continuing
activities (370.4) (379.1) 16.4 22.0 (29.7)
Profit (loss) for the period (362.4) (379.5) 16.3 35.4 (34.6)
% of revenue (8.1) (35.0) 1.5 2.9 (3.2)
Profit (loss) attributable to
owners of the parent (395.8) (356.1) (2.3) 11.6 (49.0)
Net debt 1,998.3 1,998.3 2,199.9 2,283.5 2,179.1
(at period end)
Fourth-quarter sales volumes and internal transfers
The figures and changes set out below, like those relating to full-year 2012 illustrated
below, do not include sales volumes at Afyon Cimento (Turkey) and Fuping Cement
(China), classified, as already indicated, under assets held for sale and sold in the second
quarter of 2012.
Cement and clinker
(millions of metric tons)
Q4
2012
% change vs
Q4. 2011
like-for-like
Historic
basis
Aggregates*
(millions of metric tons)
Q4
2012
% change vs
Q4. 2011
like-for-like
Historic
basis
Ready mixed concrete
(millionsof m³)
Q4
2012
% change vs
Q4. 2011
like-for-like
Historic
basis
Central Western
Europe 3.8 (13.7) (13.7) 7.4 (10.3) (10.3) 2.2 (14.3) (15.1)
North America 1.1 1.0 1.0 0.4 (0.5) (0.5) 0.2 (15.4) (15.4)
Emerging Europe,
North Africa and
Middle East 3.8 (3.3) (3.3) 0.5 44.2 44.2 0.6 5.8 5.8
Asia 2.5 14.7 14.7 n.s. n.s. n.s. 0.2 67.3 67.3
Cement and clinker
trading 1.0 34.2 34.2 - - - n.s. n.s. n.s.
Eliminations (0.9) n.s. n.s. - - - - - -
Total 11.2 (4.3) (4.3) 8.3 (7.7) (7.7) 3.2 (8.1) (8.9)
Central Western Europe: Italy, France, Belgium, Spain, Greece - North America: U.S.A., Canada, Puerto Rico - Emerging Europe, North
Africa and Middle East: Egypt, Morocco, Bulgaria, Kuwait, Saudi Arabia - Asia: India, Thailand, Kazakhstan
Amounts refer to companies consolidated and proportionately consolidated
(*) excluding decreases for processing
n.s. not significant
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