Economy & Market
Cementir revenue rises marginally
Cementir Holding, a Caltagirone Group company, closed 2019 with revenues of Euro1.21bn, according to the consolidated preliminary results examined by the board of directors chaired by Francesco Caltagirone Jr. This represents a year-on-year rise of 1.2 per cent compared to 2018. Cementir's gross operating margin grew by 10.6 per cent to Euro 263.8 million. Cement and clinker volumes, however, fell by 3.4 per cent to 9.5 MT. On a like-for-like basis, cement and clinker sales were down 5 per cent.