2011 Annual Report - Italcementi Group

Financial performance in 2011
Key consolidated figures
2011 2010 % change
(in millions of euro)
(IFRS 5) vs. 2010
Revenue 4,720.5 4,660.0 1.3
Recurring EBITDA 697.3 841.7 (17.2)
% of revenue 14.8 18.1
Other operating income (expense) 40.7 (2.3) n.s.
EBITDA 738.1 839.4 (12.1)
% of revenue 15.6 18.0
Amortization and depreciation (474.8) (461.2) 3.0
Impairment losses on non-current assets (134.3) (8.0) n.s.
EBIT 129.0 370.2 (65.2)
% of revenue 2.7 7.9
Finance costs (102.1) (89.8) 13.7
Impairment losses 7.5 (21.0) n.s.
Share of profit/(loss)
of equity-accounted investees 18.6 17.1 9.3
Profit before tax 53.0 276.5 (80.8)
% of revenue 1.1 5.9
Income tax expense (68.8) (60.6) 13.5
Profit (loss) relating to continuing operations (15.8) 215.8 n.s.
Profit (loss) relating to discontinued operations 106.9 (18.8) n.s.
Profit (loss) for the period 91.2 197.1 (53.7)
% of revenue 1.9 4.2
attributable to:
Owners of the parent (3.1) 45.8 n.s.
Non-controlling interests 94.3 151.3 (37.7)
Cash flow from operating activities 417.7 754.9 (44.7)
Capital expenditure 402.4 542.2 (25.8)
32