Turkey leads Cementir’s performance in first half of 2021

Cementir’s revenue rose by 16.5 per cent year-on-year to Euro665 million in the first half of 2021 from Euro570m in the same period in 2020.

Cementir’s revenue rose by 16.5 per cent year-on-year to Euro665 million in the first half of 2021 from Euro570m in the same period in 2020. Its cement and ready-mixed concrete sales volumes grew by 18.7 per cent to 5.46 mt and 31.4 per cent to 2.52 mm3 respectively. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 36.6 per cent to Euro134 million from Euro 97.8 million. The cement producer noted strong cement sales volumes performance in Turkey, Belgium and Denmark and good concrete sales volumes also in Turkey.

“Despite the first half 2020 [when] results were affected by the lockdown due to Covid-19, during 2021 all the markets in which we operate are showing signs of vivacity and in particular Turkey is recovering significantly," said chairman and chief executive officer Francesco Caltagirone Jr.

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