Sales down by 2.1% and up by 0.4% lfl. Recurring EBITDA down by 7.6% but, adjusting for the CO2 rights proceeds in 2015, it was up 2%. Recurring EBITDA margin decreased from 15.0% to 14.1%. EBIT €-209.6m in H1 16 vs €113m, reflecting the impact of non-recurring items for the group’s reorganisation and the impairment of operations in Belgium for a total of c.€320m. Loss of €-345.7m vs profit of €3.8m in H1 15. Cement volumes up by 2.
02 Aug 2016
Did HeidelbergCement overpay for Italcementi after all?
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Did HeidelbergCement overpay for Italcementi after all?
Sales down by 2.1% and up by 0.4% lfl. Recurring EBITDA down by 7.6% but, adjusting for the CO2 rights proceeds in 2015, it was up 2%. Recurring EBITDA margin decreased from 15.0% to 14.1%. EBIT €-209.6m in H1 16 vs €113m, reflecting the impact of non-recurring items for the group’s reorganisation and the impairment of operations in Belgium for a total of c.€320m. Loss of €-345.7m vs profit of €3.8m in H1 15. Cement volumes up by 2.