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
Full-year sales volumes and internal transfers
Sales volumes by geographical area
Cement and clinker
(millions of metric tons)
Aggregates*
(millions of metric tons)
Ready mixed concrete
(millionsof m³)
% change vs 2011 % change vs 2011 % change vs 2011
2012 2012 2012
Historic
like-for-like
basis
Historic
like-for-like
basis
Historic
like-for-like
basis
Central Western
Europe 16.0 (16.1) (16.1) 30.5 (12.4) (12.4) 9.0 (15.9) (16.9)
North America 4.2 0.3 0.3 1.5 11.5 11.5 0.8 3.4 3.4
Emerging Europe,
North Africa and
Middle East 14.9 (4.5) (4.5) 1.8 6.6 6.6 2.3 1.6 1.6
Asia 10.1 8.8 8.8 0.2 (38.0) (38.0) 0.8 10.0 10.0
Cement and clinker
trading 3.6 30.6 30.6 - - - n.s. n.s. n.s.
Eliminations (2.9) n.s. n.s. - - - - - -
Total 45.9 (6.6) (6.6) 34.0 (10.8) (10.8) 12.9 (10.8) (11.6)
Amounts refer to companies consolidated and proportionately consolidated
(*) excluding decreases for processing
n.s. not significant
In cement and clinker, Central Western Europe recorded a significant and generalized
slowdown, with the key factors being the contraction in sales in Italy (where consumption
returned to the levels at the end of the 1960s), Spain and France-Belgium. In North
America, the marginal progress of the fourth quarter confirmed a situation of stability for the
full year compared with 2011. In Emerging Europe, North Africa and Middle East, the
reduction caused in particular by Egypt and by a market decline in Morocco was offset in
part by progress in Bulgaria. A good increase in sales volumes was reported in Asia thanks
to Thailand and India and a strong increase was reported in Trading.
In aggregates, the decline was largely due to Central Western Europe, penalized above all
by the sharp fall in Spain. Performance was positive in North America and Morocco.
In ready mixed concrete, the fall arose from the general negative situation in Central
Western Europe. On other markets, with more limited sales volumes, progress was
reported in North America, in Emerging Europe, North Africa and Middle East, thanks to
Egypt and Kuwait, and in Asia.
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