Cimentos De Portugal, SGPS, S.A. reported earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported turnover of EUR 339.3 million against EUR 368.3 million for the same period last year. Operational cash flow (EBITDA) was EUR 94.3 million against EUR 106.1 million for the same period last year. Operating income (EBIT) was EUR 58.5 million against EUR 70.9 million for the same period last year. Pre-tax income was EUR 3.6 million against EUR 53.3 million for the same period last year. Net loss of continuing operations was EUR 57.0 million against net income of continuing operations of EUR 30.7 million for the same period last year. Total net loss was EUR 263.3 million against income EUR 15.0 million for the same period last year. Total net loss attributable to shareholders was EUR 258.8 million against net income attributable to shareholders of EUR 17.3 million for the same period last year. For the full year, the company reported turnover of EUR 1,510.0 million against EUR 1,557.6 million for the same period last year. Operational cash flow (EBITDA) was EUR 449.6 million against EUR 464.7 million for the same period last year. This figure was clearly affected by performance in the last quarter of the year, which fell 11.2% year on year mainly due to downturns in Portugal, Cape Verde and South Africa not being entirely offset by strong performance in Brazil, operating improvements and market growth in Mozambique and margin recovery in Egypt. Operating income (EBIT) was EUR 305.8 million against EUR 321.2 million for the same period last year. Pre-tax income was EUR 167.5 million against EUR 274.3 million for the same period last year. Net income of continuing operations was EUR 51.5 million against EUR 197.8 million for the same period last year. Total net loss was EUR 431.2 million against income of EUR 206.1 million for the same period last year. Net loss attributable to shareholders was EUR 423.7 million against net income attributable to shareholders of EUR 198.1 million for the same period last year. Net debt was EUR 3,183 million, compared to EUR 1,623 million on 31 December 2011. The EUR 1,570 million debt increase is attached to the increase of net assets swapped. The company expects that in terms of synergies, in 2013 it is predictable that the InterCement assets incorporation will imply a gain of EUR 85 million, while after conclusion of the asset integration, expected to occur in 2015, it is expected that the synergies will add up circa EUR 120 million per year.

Cimentos De Portugal, SGPS, S.A. announced that they will report Q1, 2013 results on May 23, 2013

Cimentos De Portugal, SGPS, S.A. announced that they will report fiscal year 2012 results on Mar 18, 2013