Financial results for H1 2017
Revenues for H1 2017 were PLN 1,781 million, up 5.2% year-on-year. Adjusted EBITDA was PLN 379 million, down 12.8% year-on-year due to planned production downtime and higher energy costs. The soda segment achieved revenues of PLN 619 million, down 3.9% year-on-year. The organic segment saw revenues rise 11.9% to PLN 226 million due to higher crop protection chemical sales. CIECH is continuing key investments in sodium bicarbonate production in Germany, expanding its salt product portfolio in Poland, and environmental protection investments.
Financial results for Q1 2017
- Revenues increased 8.7% to PLN 898 million due to higher soda ash volumes from investments and currency effects.
- EBITDA decreased 8.4% to PLN 186 million due to lower soda ash prices and higher energy costs.
- Net profit decreased 23.6% to PLN 78 million mainly from lower soda ash margins.
- Outlook remains positive with plans to expand internationally, develop specialized products, and optimize costs.
- Revenues for Q3 2017 were slightly lower than the previous year at PLN 836 million. EBITDA was also lower at PLN 178 million.
- The Soda segment saw higher soda sales volumes but lower prices. The Organic segment had higher sales of crop protection chemicals.
- Key investments in the future include expanding sodium bicarbonate and salt product portfolios and continuing R&D in resins and crop protection chemicals.
- For the full 9 months of 2017, revenues increased 2.8% to PLN 2.6 billion while costs of sales rose 10.8%, reducing the gross profit.
CIECH reported record financial results for 2016, with adjusted EBITDA reaching PLN 877 million, a 17.2% increase over 2015. Key events included completing investments that increased soda ash and sodium silicate production capacity. The soda ash segment performed strongly due to higher sales volumes and prices. The organic segment saw higher crop protection product sales but lower resin revenues. CIECH aims to further develop specialized products, pursue investment projects, and maintain cost competitiveness across its business segments in the coming quarters.
Financial results for the first half of 2016 were positive for CIECH S.A.:
- Revenue grew 2.1% year-over-year and adjusted EBITDA increased 14.0% due to higher sales volumes and favorable currency exchange rates.
- The adjusted EBITDA margin expanded to 25.6% from 23.0% in the prior year period.
- For the second half of the year, CIECH S.A. expects continued implementation of investment projects and challenges from volatility in raw material prices and currency exchange rates.
This document summarizes the financial results of CIECH for 2015. Key highlights include:
- Revenue increased 0.9% to PLN 3.27 billion while adjusted EBITDA grew 46.4% to PLN 748 million, driven by higher soda prices and sales volumes as well as lower energy costs.
- Net profit increased 108% to PLN 346 million due to improved operating performance and significant decrease in financing costs from debt refinancing.
- All business segments saw increases in profits and margins except for the glass and silicates segment which was impacted by the end of a trading contract.
- The outlook for 2016 remains positive but faces challenges from the soda market environment and energy prices.
CIECH reported financial results for the first three quarters of 2016, with adjusted EBITDA rising 11.5% year-over-year to PLN 646.9 million. Revenue increased 3.6% to PLN 2,547.5 million. The soda segment performed well due to higher sales volumes and prices as well as lower energy costs. While some segments faced challenges like lower sales volumes, overall the company exceeded consensus forecasts for revenue and profits. CIECH expects further revenue growth through expanding product portfolios and global markets in coming quarters.
CIECH is a leading Polish chemical company with over 70 years of experience in world markets. It has 8 production plants across Poland, Germany and Romania and over 3,700 employees. CIECH operates across four business segments: soda, organic, silicates and glass, and transport. In recent years, CIECH has optimized operations, invested in new projects, and refinanced debt to significantly increase profits. Looking ahead, CIECH aims to further grow its soda segment, expand in organic chemicals like plant protection, and pursue other investment and modernization projects to continue its stable development.
The document summarizes the financial results of CIECH Group for the first quarter of 2016. Key points include:
- Revenue increased 1.1% to PLN 826 million driven by higher soda ash volumes and favorable currency exchange rates.
- EBITDA grew 7.0% to PLN 206 million and the EBITDA margin expanded 1.4 percentage points to 25.0% due to lower energy and raw material costs.
- Net profit more than doubled to PLN 102 million mainly from higher soda ash prices and sales volumes along with cost savings.
Financial results for Q1 2017
- Revenues increased 8.7% to PLN 898 million due to higher soda ash volumes from investments and currency effects.
- EBITDA decreased 8.4% to PLN 186 million due to lower soda ash prices and higher energy costs.
- Net profit decreased 23.6% to PLN 78 million mainly from lower soda ash margins.
- Outlook remains positive with plans to expand internationally, develop specialized products, and optimize costs.
- Revenues for Q3 2017 were slightly lower than the previous year at PLN 836 million. EBITDA was also lower at PLN 178 million.
- The Soda segment saw higher soda sales volumes but lower prices. The Organic segment had higher sales of crop protection chemicals.
- Key investments in the future include expanding sodium bicarbonate and salt product portfolios and continuing R&D in resins and crop protection chemicals.
- For the full 9 months of 2017, revenues increased 2.8% to PLN 2.6 billion while costs of sales rose 10.8%, reducing the gross profit.
CIECH reported record financial results for 2016, with adjusted EBITDA reaching PLN 877 million, a 17.2% increase over 2015. Key events included completing investments that increased soda ash and sodium silicate production capacity. The soda ash segment performed strongly due to higher sales volumes and prices. The organic segment saw higher crop protection product sales but lower resin revenues. CIECH aims to further develop specialized products, pursue investment projects, and maintain cost competitiveness across its business segments in the coming quarters.
Financial results for the first half of 2016 were positive for CIECH S.A.:
- Revenue grew 2.1% year-over-year and adjusted EBITDA increased 14.0% due to higher sales volumes and favorable currency exchange rates.
- The adjusted EBITDA margin expanded to 25.6% from 23.0% in the prior year period.
- For the second half of the year, CIECH S.A. expects continued implementation of investment projects and challenges from volatility in raw material prices and currency exchange rates.
This document summarizes the financial results of CIECH for 2015. Key highlights include:
- Revenue increased 0.9% to PLN 3.27 billion while adjusted EBITDA grew 46.4% to PLN 748 million, driven by higher soda prices and sales volumes as well as lower energy costs.
- Net profit increased 108% to PLN 346 million due to improved operating performance and significant decrease in financing costs from debt refinancing.
- All business segments saw increases in profits and margins except for the glass and silicates segment which was impacted by the end of a trading contract.
- The outlook for 2016 remains positive but faces challenges from the soda market environment and energy prices.
CIECH reported financial results for the first three quarters of 2016, with adjusted EBITDA rising 11.5% year-over-year to PLN 646.9 million. Revenue increased 3.6% to PLN 2,547.5 million. The soda segment performed well due to higher sales volumes and prices as well as lower energy costs. While some segments faced challenges like lower sales volumes, overall the company exceeded consensus forecasts for revenue and profits. CIECH expects further revenue growth through expanding product portfolios and global markets in coming quarters.
CIECH is a leading Polish chemical company with over 70 years of experience in world markets. It has 8 production plants across Poland, Germany and Romania and over 3,700 employees. CIECH operates across four business segments: soda, organic, silicates and glass, and transport. In recent years, CIECH has optimized operations, invested in new projects, and refinanced debt to significantly increase profits. Looking ahead, CIECH aims to further grow its soda segment, expand in organic chemicals like plant protection, and pursue other investment and modernization projects to continue its stable development.
The document summarizes the financial results of CIECH Group for the first quarter of 2016. Key points include:
- Revenue increased 1.1% to PLN 826 million driven by higher soda ash volumes and favorable currency exchange rates.
- EBITDA grew 7.0% to PLN 206 million and the EBITDA margin expanded 1.4 percentage points to 25.0% due to lower energy and raw material costs.
- Net profit more than doubled to PLN 102 million mainly from higher soda ash prices and sales volumes along with cost savings.
The document provides a summary of CIECH Group's financial results for the 2017 fiscal year (2017FY) and the fourth quarter of 2017. Some key highlights include total revenues of PLN 3,579 million for 2017FY, adjusted EBITDA of PLN 808 million for 2017FY, and adjusted EBITDA margin of 22.6% for 2017FY. The soda ash and salt segment saw higher sales volumes but lower prices. The organic segment had record sales in crop protection chemicals. Costs increased for some raw materials. Currency fluctuations negatively impacted results.
- Group revenue was stable at €2.8 billion, while operating income improved 19.9% to €138 million due to margin improvements across all business lines.
- Sales volumes grew for cement, aggregates, and ready-mixed concrete due to market recovery in North America, Europe, and Asia.
- Outlook for 2016 was raised, expecting further sales volume growth and a moderate rise in revenue with a high single to double digit increase in operating income. The acquisition of Italcementi is expected to be concluded in the second half of 2016.
HeidelbergCement reported solid results for the first quarter of 2016, with mid-single digit increases in both cement and aggregates volumes and a 13% increase in operating EBITDA. The company saw strong operational performance across all business lines leading to margin improvements. Additionally, net debt was reduced to €5.9 billion while leverage decreased to 2.2x. The company increased its full year operating EBITDA target to "high single to double digit growth" and remains on track to complete the Italcementi acquisition in the second half of 2016.
HeidelbergCement Half-Year Financial Report January to June 2017HeidelbergCement
The document provides an overview of HeidelbergCement's 2017 half year results. Some key points:
- Group profit increased 17% year-over-year to 288 million euros due to successful integration of the Italcementi acquisition.
- Revenue increased 29% and operating EBITDA increased 22% compared to the prior year period. Synergy targets from the Italcementi acquisition were already achieved in June, exceeding expectations.
- Results were solid despite headwinds from weather, Easter timing, and Ramadan. An upward trend was seen starting in May. Cash flow was impacted by increased working capital and an acquisition in the Pacific Northwest. Full year outlook is confirmed.
Presentation of the CEO Dr. Bernd Scheifele, Annual General Meeting 2017HeidelbergCement
The document discusses HeidelbergCement's annual general meeting in 2017. It summarizes that in 2016, HeidelbergCement strengthened its position through acquiring Italcementi, achieved an investment grade rating, and increased results. Key financial figures for 2016 show revenue growth due to the acquisition and increased profits. An outlook expects further growth in 2017 despite challenging market conditions.
HeidelbergCement: Interim Financial Report January to March 2017HeidelbergCement
The document provides an overview and key figures for HeidelbergCement's 2017 first quarter results. Some of the key points included:
- Cement and aggregates volumes were above the prior year levels based on proforma figures, though operating EBITDA was slightly down 2% due to cost inflation and weather impacts.
- The integration of Italcementi is progressing on track, with improvements clearly visible in results. Synergies are ahead of targets.
- Results were solid across most regions despite strong prior year comparisons and cost inflation, though some emerging markets faced pressure.
- The outlook for energy costs improved due to declining commodity prices, and a solid demand outlook is expected in key
2015 capital markets day presentation by Karl Henrik SundströmStora Enso
Stora Enso is transitioning from a traditional paper and board producer to a global renewable materials growth company. It is focusing on growing its packaging, biomaterials, and wood products divisions through investments and innovation. Stora Enso discussed ongoing investments, capital allocation towards growth, trends driving demand for renewable materials, and maintaining cash flow from its paper business. The company is also working to increase the value-added and innovative use of wood in its products portfolio.
HeidelbergCement reported its first quarter 2015 results, with revenues increasing 12% year-over-year to €2.8 billion driven by strong growth across all major markets. Operating EBITDA increased 46% to €299 million, with a margin of 10.6% compared to 8.1% in the prior year. Cement volumes were down 1% while aggregates volumes grew 4%. The results reflected continued focus on margin improvement programs and strong demand growth. Energy costs declined significantly year-over-year providing a tailwind for margins in 2015. The company reiterated its outlook for double-digit revenue, income and net income growth in 2015.
This document summarizes HeidelbergCement's third quarter 2016 results. Key points include:
- Operating EBITDA increased 2% and operating income increased 4% compared to the prior year on a like-for-like basis.
- Integration of the Italcementi acquisition is progressing faster than planned, with synergies above €400 million already achieved.
- Volumes increased across all business lines (cement, aggregates, ready-mix concrete, asphalt) in all regions.
- Margin improvement programs like the "Competence Center RMC" aim to further boost margins over the next few years.
- The outlook for 2016 is confirmed despite some challenging market conditions.
This document provides an overview and results for HeidelbergCement for 2016. Key points include:
- Volumes increased across all business lines, with cement volumes up 3%, aggregates up 3%, and ready-mix up 1%. Operating EBITDA and income grew organically by 5% and 6% respectively.
- Results were mixed by region, with strong growth in North America offset by pressure in Southern Europe and weather impacts elsewhere. Integration of Italcementi assets is ongoing.
- An outlook for 2017 forecasts continued volume growth, with a focus on cost efficiency and improving profitability of recently acquired assets. Net debt is expected to remain below €9 billion.
The document provides financial highlights for NNIT's first nine months of 2017, including a 2.1% increase in revenue to DKK 2,080m and a 3.3% increase in order backlog to DKK 2,750m. Revenue growth was negatively impacted by a one-time DKK 33m revenue reversal from an arbitration settlement. Operating profit declined 16.6% to DKK 163.6m due to the revenue reversal and lower margin project work for Novo Nordisk. Segment revenue increased for life sciences and enterprise customers but declined for public sector and Novo Nordisk customers.
Kemira's organic revenue growth and profitability improvement continues
Second quarter in 2013:
- Organic revenue growth was 4%. Reported revenue increased 1% to EUR 569.3 million (562.3).
- Operative EBIT increased 11% to EUR 40.0 million (36.0) with a margin of 7.0% (6.4%).
- The reported earnings per share were reduced to EUR 0.02 (0.20), due to the non-recurring restructuring charges.
- Kemira signed a deal to acquire 3F Chimica S.p.A, a privately owned Italian polymer producer.
2012 fourth quarter and preliminary full year resultsEni
eni reported its 2012 fourth quarter and preliminary full year results. Some key points:
- Production increased to 1.747 million boe/day in Q4 2012, up from 1.678 million boe/day in Q4 2011.
- Adjusted net profit was €1.518 billion in Q4 2012, down slightly from €1.575 billion in Q4 2011.
- Net debt was reduced by over €12 billion from end 2011 to end 2012 through asset sales and cash flow.
- Production is forecast to increase over 3% in 2013 at $90 per barrel, with progress on key project start-ups.
The document provides an overview and key figures for HeidelbergCement's 2018 half year results. Some of the key points included:
- Revenue increased 9% on a like-for-like basis, with operating EBITDA up 3% and operating income up 5% for the first half of 2018 compared to the same period in 2017.
- Net debt was reduced by €170 million compared to the prior year, totaling €9,970 million at the end of the second quarter of 2018.
- Volume growth was reported across all business lines, with cement volumes up 3% and aggregate volumes up 2% on a like-for-like basis.
- The outlook for 2018 was confirmed, with
The document provides an overview of HeidelbergCement's half year 2016 results. Key points include:
- Solid start to the year with volume increases across all business lines and an 8.5% increase in operating EBITDA.
- Net debt was reduced to €5.9 billion while leverage decreased to 2.2x.
- 45% of Italcementi shares have been acquired and the mandatory takeover offer for the remaining shares will begin at the end of August.
- Regional results were positively reported across most areas with particularly strong performance in North America where margins continued to improve.
Ahlstrom-Munksjö's first quarter after the merger. Net sales increased 2.8% and EBITDA 0.2% - both q/q. Merger synergy benefits annual run rate was about EUR 13 million at the end of Q2/17, majority from SG&A cost
Roadshow Presentation W10 2010 Final 100304BE Group Eesti
BE Group Eesti on BE Group’i tütarfirma, mis on Skandinaaviamaades juhtiv terast, roostevaba terast ja alumiiniumi turustav ning erinevaid teenuseid pakkuv äriühing, mille tegevus laieneb Kesk- ja Ida-Euroopasse. Sõltumatu firmana pakume tööstusettevõtetele terase, roostevaba terase ning alumiiniumtoodete eeltöötlust ja turustamist
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
NNIT reported financial results for the first six months of 2017, with revenue growing 6.3% to DKK 1,404 million. Operating profit increased 5.3% to DKK 133 million and net profit grew 11.7% to DKK 103 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by new customers in life sciences and enterprise segments, while margins declined slightly due to lower activity from Novo Nordisk and onboarding costs for new customers. NNIT affirmed its outlook for 2017.
In the first six months of 2017, NNIT saw revenue growth of 6.3% to DKK 1,404 million. Operating profit increased 6.3% to DKK 133 million and net profit grew 11.7% to DKK 103.4 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by life sciences customers outside Novo Nordisk and new customers in the enterprise segment. Operating profit margin declined slightly due to lower margin projects from Novo Nordisk and onboarding new customers. The outlook for 2017 remains unchanged with organic revenue growth of 3-5% and an operating profit margin above 9%.
In Q1 2017, Enea Group pursued key initiatives that increased the Group's competitiveness and sustainable development. Projects progressed on modernizing generation units, installing emission reduction technologies, developing the mining operations, and improving the grid and customer service. Financially, the Group delivered solid results with overall EBITDA decreasing slightly despite lower energy prices, while mining operations increased coal sales volume and profit.
The document provides a summary of CIECH Group's financial results for the 2017 fiscal year (2017FY) and the fourth quarter of 2017. Some key highlights include total revenues of PLN 3,579 million for 2017FY, adjusted EBITDA of PLN 808 million for 2017FY, and adjusted EBITDA margin of 22.6% for 2017FY. The soda ash and salt segment saw higher sales volumes but lower prices. The organic segment had record sales in crop protection chemicals. Costs increased for some raw materials. Currency fluctuations negatively impacted results.
- Group revenue was stable at €2.8 billion, while operating income improved 19.9% to €138 million due to margin improvements across all business lines.
- Sales volumes grew for cement, aggregates, and ready-mixed concrete due to market recovery in North America, Europe, and Asia.
- Outlook for 2016 was raised, expecting further sales volume growth and a moderate rise in revenue with a high single to double digit increase in operating income. The acquisition of Italcementi is expected to be concluded in the second half of 2016.
HeidelbergCement reported solid results for the first quarter of 2016, with mid-single digit increases in both cement and aggregates volumes and a 13% increase in operating EBITDA. The company saw strong operational performance across all business lines leading to margin improvements. Additionally, net debt was reduced to €5.9 billion while leverage decreased to 2.2x. The company increased its full year operating EBITDA target to "high single to double digit growth" and remains on track to complete the Italcementi acquisition in the second half of 2016.
HeidelbergCement Half-Year Financial Report January to June 2017HeidelbergCement
The document provides an overview of HeidelbergCement's 2017 half year results. Some key points:
- Group profit increased 17% year-over-year to 288 million euros due to successful integration of the Italcementi acquisition.
- Revenue increased 29% and operating EBITDA increased 22% compared to the prior year period. Synergy targets from the Italcementi acquisition were already achieved in June, exceeding expectations.
- Results were solid despite headwinds from weather, Easter timing, and Ramadan. An upward trend was seen starting in May. Cash flow was impacted by increased working capital and an acquisition in the Pacific Northwest. Full year outlook is confirmed.
Presentation of the CEO Dr. Bernd Scheifele, Annual General Meeting 2017HeidelbergCement
The document discusses HeidelbergCement's annual general meeting in 2017. It summarizes that in 2016, HeidelbergCement strengthened its position through acquiring Italcementi, achieved an investment grade rating, and increased results. Key financial figures for 2016 show revenue growth due to the acquisition and increased profits. An outlook expects further growth in 2017 despite challenging market conditions.
HeidelbergCement: Interim Financial Report January to March 2017HeidelbergCement
The document provides an overview and key figures for HeidelbergCement's 2017 first quarter results. Some of the key points included:
- Cement and aggregates volumes were above the prior year levels based on proforma figures, though operating EBITDA was slightly down 2% due to cost inflation and weather impacts.
- The integration of Italcementi is progressing on track, with improvements clearly visible in results. Synergies are ahead of targets.
- Results were solid across most regions despite strong prior year comparisons and cost inflation, though some emerging markets faced pressure.
- The outlook for energy costs improved due to declining commodity prices, and a solid demand outlook is expected in key
2015 capital markets day presentation by Karl Henrik SundströmStora Enso
Stora Enso is transitioning from a traditional paper and board producer to a global renewable materials growth company. It is focusing on growing its packaging, biomaterials, and wood products divisions through investments and innovation. Stora Enso discussed ongoing investments, capital allocation towards growth, trends driving demand for renewable materials, and maintaining cash flow from its paper business. The company is also working to increase the value-added and innovative use of wood in its products portfolio.
HeidelbergCement reported its first quarter 2015 results, with revenues increasing 12% year-over-year to €2.8 billion driven by strong growth across all major markets. Operating EBITDA increased 46% to €299 million, with a margin of 10.6% compared to 8.1% in the prior year. Cement volumes were down 1% while aggregates volumes grew 4%. The results reflected continued focus on margin improvement programs and strong demand growth. Energy costs declined significantly year-over-year providing a tailwind for margins in 2015. The company reiterated its outlook for double-digit revenue, income and net income growth in 2015.
This document summarizes HeidelbergCement's third quarter 2016 results. Key points include:
- Operating EBITDA increased 2% and operating income increased 4% compared to the prior year on a like-for-like basis.
- Integration of the Italcementi acquisition is progressing faster than planned, with synergies above €400 million already achieved.
- Volumes increased across all business lines (cement, aggregates, ready-mix concrete, asphalt) in all regions.
- Margin improvement programs like the "Competence Center RMC" aim to further boost margins over the next few years.
- The outlook for 2016 is confirmed despite some challenging market conditions.
This document provides an overview and results for HeidelbergCement for 2016. Key points include:
- Volumes increased across all business lines, with cement volumes up 3%, aggregates up 3%, and ready-mix up 1%. Operating EBITDA and income grew organically by 5% and 6% respectively.
- Results were mixed by region, with strong growth in North America offset by pressure in Southern Europe and weather impacts elsewhere. Integration of Italcementi assets is ongoing.
- An outlook for 2017 forecasts continued volume growth, with a focus on cost efficiency and improving profitability of recently acquired assets. Net debt is expected to remain below €9 billion.
The document provides financial highlights for NNIT's first nine months of 2017, including a 2.1% increase in revenue to DKK 2,080m and a 3.3% increase in order backlog to DKK 2,750m. Revenue growth was negatively impacted by a one-time DKK 33m revenue reversal from an arbitration settlement. Operating profit declined 16.6% to DKK 163.6m due to the revenue reversal and lower margin project work for Novo Nordisk. Segment revenue increased for life sciences and enterprise customers but declined for public sector and Novo Nordisk customers.
Kemira's organic revenue growth and profitability improvement continues
Second quarter in 2013:
- Organic revenue growth was 4%. Reported revenue increased 1% to EUR 569.3 million (562.3).
- Operative EBIT increased 11% to EUR 40.0 million (36.0) with a margin of 7.0% (6.4%).
- The reported earnings per share were reduced to EUR 0.02 (0.20), due to the non-recurring restructuring charges.
- Kemira signed a deal to acquire 3F Chimica S.p.A, a privately owned Italian polymer producer.
2012 fourth quarter and preliminary full year resultsEni
eni reported its 2012 fourth quarter and preliminary full year results. Some key points:
- Production increased to 1.747 million boe/day in Q4 2012, up from 1.678 million boe/day in Q4 2011.
- Adjusted net profit was €1.518 billion in Q4 2012, down slightly from €1.575 billion in Q4 2011.
- Net debt was reduced by over €12 billion from end 2011 to end 2012 through asset sales and cash flow.
- Production is forecast to increase over 3% in 2013 at $90 per barrel, with progress on key project start-ups.
The document provides an overview and key figures for HeidelbergCement's 2018 half year results. Some of the key points included:
- Revenue increased 9% on a like-for-like basis, with operating EBITDA up 3% and operating income up 5% for the first half of 2018 compared to the same period in 2017.
- Net debt was reduced by €170 million compared to the prior year, totaling €9,970 million at the end of the second quarter of 2018.
- Volume growth was reported across all business lines, with cement volumes up 3% and aggregate volumes up 2% on a like-for-like basis.
- The outlook for 2018 was confirmed, with
The document provides an overview of HeidelbergCement's half year 2016 results. Key points include:
- Solid start to the year with volume increases across all business lines and an 8.5% increase in operating EBITDA.
- Net debt was reduced to €5.9 billion while leverage decreased to 2.2x.
- 45% of Italcementi shares have been acquired and the mandatory takeover offer for the remaining shares will begin at the end of August.
- Regional results were positively reported across most areas with particularly strong performance in North America where margins continued to improve.
Ahlstrom-Munksjö's first quarter after the merger. Net sales increased 2.8% and EBITDA 0.2% - both q/q. Merger synergy benefits annual run rate was about EUR 13 million at the end of Q2/17, majority from SG&A cost
Roadshow Presentation W10 2010 Final 100304BE Group Eesti
BE Group Eesti on BE Group’i tütarfirma, mis on Skandinaaviamaades juhtiv terast, roostevaba terast ja alumiiniumi turustav ning erinevaid teenuseid pakkuv äriühing, mille tegevus laieneb Kesk- ja Ida-Euroopasse. Sõltumatu firmana pakume tööstusettevõtetele terase, roostevaba terase ning alumiiniumtoodete eeltöötlust ja turustamist
HeidelbergCement achieved its key operational and financial targets for 2014. Revenue increased 4% to €12.6 billion and operating EBITDA increased 3% to €2.3 billion. Net debt was significantly reduced through the successful disposal of the building products business for over €1.2 billion. The dividend was proposed to increase 25% to €0.75 per share. For 2015, double digit percentage increases are expected in revenue, operating income and net income, and net debt/EBITDA is targeted to remain below 2.8x.
NNIT reported financial results for the first six months of 2017, with revenue growing 6.3% to DKK 1,404 million. Operating profit increased 5.3% to DKK 133 million and net profit grew 11.7% to DKK 103 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by new customers in life sciences and enterprise segments, while margins declined slightly due to lower activity from Novo Nordisk and onboarding costs for new customers. NNIT affirmed its outlook for 2017.
In the first six months of 2017, NNIT saw revenue growth of 6.3% to DKK 1,404 million. Operating profit increased 6.3% to DKK 133 million and net profit grew 11.7% to DKK 103.4 million. Order backlog increased 5.4% to DKK 2,659 million. Revenue growth was driven by life sciences customers outside Novo Nordisk and new customers in the enterprise segment. Operating profit margin declined slightly due to lower margin projects from Novo Nordisk and onboarding new customers. The outlook for 2017 remains unchanged with organic revenue growth of 3-5% and an operating profit margin above 9%.
In Q1 2017, Enea Group pursued key initiatives that increased the Group's competitiveness and sustainable development. Projects progressed on modernizing generation units, installing emission reduction technologies, developing the mining operations, and improving the grid and customer service. Financially, the Group delivered solid results with overall EBITDA decreasing slightly despite lower energy prices, while mining operations increased coal sales volume and profit.
Snam's interim review for 2017 shows steady progress. Gas demand recovery in Italy continued in the first half of 2017, driven by increases in the thermoelectric and industrial sectors. Snam's financial results for the first half of 2017 show increases in revenues, EBIT, net profit and cash flow compared to the same period in 2016. This was achieved through higher volumes transported, cost efficiencies, and optimization of debt costs. Snam also continued investments in Italian gas infrastructure and acquired additional gas transportation assets. The external regulatory environment is increasingly supportive of gas and Snam's strategic focus.
HeidelbergCement reports results for the third quarter of 2017 HeidelbergCement
This document provides an overview and key figures from HeidelbergCement's 2017 third quarter results presentation. Some key points:
- Organic growth turned positive in Q3 2017, with like-for-like EBITDA increasing 7% and the Group margin reaching 23%.
- Synergy targets from the Italcementi acquisition were significantly over-achieved.
- EPS increased 38% to €2.42, driven by improved net financial results and stable costs.
- Group share of profit increased 42% to €481 million in Q3 2017.
- Free cash flow generation of €1.2 billion over the last 12 months brought net debt down to €9.6
- The document reports on Air Liquide's strong financial results for FY 2022 in a challenging environment, with comparable sales growth of 7% and operating income recurring (OIR) margin improvement of 70 basis points.
- Key drivers included continued strong pricing across Industrial Merchant activities of over 15% to address high inflation, as well as solid growth in Healthcare, Electronics, and new start-ups/projects.
- Recurring net profit increased 23% in FY 2022 (17% excluding foreign exchange impacts), demonstrating the company's ability to leverage earnings in difficult market conditions.
UnityNet World Environment Day Abraham Project 2024 Press ReleaseLHelferty
June 12, 2024 UnityNet International (#UNI) World Environment Day Abraham Project 2024 Press Release from Markham / Mississauga, Ontario in the, Greater Tkaronto Bioregion, Canada in the North American Great Lakes Watersheds of North America (Turtle Island).
Bienestar Financiero al servicio de su jubilación anticipada
Pago de su 🏡
Estudio de sus hijos
Directamente a tu cuenta bancaria
Con Tesorería Auditoria Jurídica comercial
Administración de carteras
Apalancamiento Financiero
Desarrollo de tu marca personal
Acceso a Desarrollo de varias industrias
Cuentas bancarias
Estructuras Físicas en USA y en América Central
Avalado por Bolcomer
Puesto de Bolsa Comercial
Turismo
Y mucho más
Link de registro
https://business.myinfinity.global/maurod8/
https://therusnetwork.com/
Contacto:
https://goo.su/pzm1fja
2. 2
Q2 2017 – executive summary
Financial results for H1 2017
PLN 883 m
revenues
Planned production downtime in Janikowo which had an impact
on volumes sold from Poland
Slightly lower prices of soda ash yoy (contracts signed at the
beginning of the year)
Higher prices of energy resources, furnace fuel and raw
materials for the production of resins and foams
Higher sales and prices of crop protection chemicals sold in Q2
(glyphosate-based products)
Higher sales of silicates (from the completed investment at
CIECH Vitrosilicon), a difficult market situation in glass packaging
21,7%
Adj. EBITDA margin
PLN 192 m
Adj. EBITDA
EBITDA (Z) – adjusted for untypical one-off events
3. 1. Most important events of Q2 2017
2. Financial results for Q2 2017
3. Outlook for next quarters
4. 4
Market environment: currency situation
Most important events of Q2 2017
3,5
3,7
3,9
4,1
4,3
4,5
4,7
Q2 2016 Q2 2017
EURPLN
The Group applies
instruments securing it
against foreign currency
changes, according to the
adopted policy. Therefore,
the EURPLN changes were
not so painful.
Weakening of Romanian
currency towards USD had
a positive impact for revenue.
Annual net exposure of the
Group (revenues in foreign
currency vs. costs in foreign
currency) in 2016:
• EUR 150 million
• USD 70 million
4.21*
3,5
3,7
3,9
4,1
4,3
4,5
4,7
Q2 2016 Q2 2017
USDRON
4.41*
4.14
3.98
Source: Bloomberg, NBP * The arithmetic mean of average exchange rates determined by NBP on the last day of each month of the period
5. 60
100
140
180
220
260
300
Coking coal - spot*
Coking coal - benchmark
Q2 2016 Q2 2017
Coke - ARA ports
5,0
9,0
13,0
17,0
21,0
25,0
Q2 2016 Q2 2017
German Gaspool (GLP) Natural Gas – 1M Forwards
5
Market environment: raw materials
Most important events of Q2 2017
30
40
50
60
70
80
90
100
110 ARA (cal. 25 GJ/t)
PMSCI1 (average cal. 22 GJ/t)
Q2 2016 Q2 2017
The CIECH Group purchases coal, coke and
anthracite on the basis of contracts each time
negotiated (volumes and prices). Thus, market
listings help to estimate the trend but not the actual
contract prices of CIECH. Moreover, the Group uses
its stocks firstly.
The formula of gas prices is generally based on
market listings (the Group applies partial hedging).
15.63
13.24
Coking coal and coke prices [USD/t] Coal prices [USD/t]
Source: Bloomberg, IHS, www.polskirynekwegla.pl * Australia Premium Coking Coal
6. 6
Business: production segments
Most important events of Q2 2017
The week-long planned
production downtime at the
soda plant in Janikowo
An increase in the cost of
freight (Romanian factory
markets) – partly offset by the
higher prices of soda
The decision to extend the salt
portfolio with salt granules and
salt licks
A successful sales campaign of
glyphosate-based crop
protection chemicals
The registration of further
plant protection chemicals
abroad (Germany, Italy) and
the registration of a new
product in Poland
Increase of raw materials for
the production of foams and
some raw materials for resins
Higher sales of foams – taking
advantage of the rising profits
in the sector of upholstered
furniture and mattresses
Very high level of competition
in the market for glass
packaging
Higher yoy sales of sodium
silicate – the contract with
Solvay is being carried out
according to plan
7. 1. Most important events of Q2 2017
2. Financial results for Q2 2017
3. Outlook for next quarters
10. 10
Results vs. consensus
Financial results for Q2 2017
[mln PLN] Q2 2017 Consensus Q2 2017 Range of forecasts
Revenues 883 892 862 – 917
EBIT 132 127 122 – 132
EBIT margin 14.9% 14.3% 13.3% - 15.0%
EBITDA 191 187 180 – 192
EBITDA margin 21.7% 21.0% 19.7% – 22.0%
Adjusted EBITDA 192 187 180 – 192
Adjusted EBITDA margin 21.7% 21.0% 19.7% – 22.0%
Net result 93 89 74 – 97
Net margin 10.5% 10.0% 8.2% – 11.0%
Consensus PAP z 08/24/2017 based on 9 analyst’s forecasts
11. 181 161
207
164
198
208
2016 2017
11
Soda segment
Financial results for Q2 2017
Q1 Q2 Q3 Q4
590 619
614 590
606
637
2016 2017
Q2: the upside yoy
Higher sales volumes of light soda
Higher sales volumes of soda in Romania – high demand in
overseas markets as a result of considerably lower activity of
Chinese producers
Higher average price of salt as a result of a change in the
product mix (higher sales of packaged dry salt, especially salt
tablets and salt 25 kg; lower sales of wet salt)
The weakening of RON towards USD
Q2: the downside yoy
Lower volumes of salt sales in Poland as a result of the planned
production downtime at the plant in Janikowo and in Germany
caused by slight production limitations
Lower prices of soda (contracts signed at the beginning of the
year)
Higher cost of furnace fuel (coke, anthracite) and gas
A drop in the prices of dry salt, mainly as a result of high supply
Stronger PLN towards EUR (partly offset by currency hedging)
-3.9%
Comments yoy
-20.7%
Revenue [PLN million] Adj. EBITDA [PLN million]
12. 12
Organic segment
Financial results for Q2 2017
185 217
202
226
175
204
2016 2017
19,8 21,2
18,7 20,2
10,5
30,5
2016 2017
Q2: the upside yoy
Crop protection chemicals – higher sales and prices of
plant protection products sold in Q2 (mainly
glyphosate-based products), good weather conditions
Foams – a rise in sales volumes as a result of increased
demand among the producers of upholstered furniture
and mattresses; the continued increase in production
effectiveness; the development of new products
Resins – a change in the portfolios of clients (focus on
the highest margin contracts) and products (developing
specialized products tailored to client demands)
Q2: the upside yoy
Resins – higher prices of some raw materials
Foams – higher prices of basic raw materials (TDI,
polyols; increasing competition in the marketplace)
Q1 Q2 Q3 Q4
+11.9% +7.5%
Revenue [PLN million] Adj. EBITDA [PLN million]
Comments yoy
13. 13
Silicates & glass segment
Financial results for Q2 2017
37,5 48,9
35,9
58,2
62,9
53,8
2016 2017
6,3 6,7
8,1 8,9
12,7
7,6
2016 2017
Q2: the upside yoy
Silicates – higher sales volumes of sodium silicates from
the new furnace
Glass packaging – extending the portfolio to include
personalized kinds of lanterns
Q2: the upside yoy
Silicates – price pressure on the market
Glass packaging – increased activity among competitors
and continued price pressure
Q1 Q2 Q3 Q4
+62.0%
+9.3%
Revenue [PLN million] Adj. EBITDA [PLN million]
Comments yoy
14. 14
Transport segment
Financial results for Q2 2017
32,3 29,5
31,0 31,7
24,9
31,0
2016 2017
3,9
2,2
2,7 5,3
4,8
2,6
2016 2017
Q2: the upside yoy
Higher volume transported by the Group
Good market situation – increased demand for
transport and higher transport rates (mainly as a result
of major infrastructure investments)
Q1 Q2 Q3 Q4
+2.2% +97.9%
Revenue [PLN million] Adj. EBITDA [PLN million]
Comments yoy
15. 15
Debt
[thousand PLN] At the end of Q2 2017 At the end of 2016
Debt ratio 56.7% 60.8%
Long-term debt ratio 35.8% 37.7%
Equity capital debt ratio 130.9% 155.3%
Gross financial liabilities 1 556 398 1 610 867
Net financial liabilities 1 073 772 1 196 498
The Group systematically
reduces its debt. At the end of
Q2 2017 net debt index /
EBITDA (Adj.) amounted to 1.3
Thanks to the refinancing of
the debt in Q4 2015 the
Group’s costs of debt servicing
are much lower currently
Financial results for Q2 2017
Methodology of calculated ratios consistent with the financial statement
1 261
1 479
1 213 1 182
1 361
1 196
1 0743,9
3,5
2,7
2,3
1,8
1,4 1,3
2011 2012 2013 2014 2015 2016 2Q2017
Net debt Net debt / Adj. EBITDA
16. 16
Cash flow – H1 2017
[mln PLN] H1 2017 H1 2016
EBITDA 378 454
Working capital -52 -22
Interest paid -23 -26
Taxes paid -19 -14
Others -28 -30
Cash flow from operating activities 255 362
CAPEX -195 -251
Other 11 20
Cash flow from investment activities -184 -231
Free cash flow 71 131
Debt financing -4 -3
Cash flow from financial activities -4 -3
Total net flow 67 127
Closing balance of cash 483 330
Financial results for Q2 2017
Operating activity
• Mainly change in the trade
working capital
• Others include mainly a change
in short-term liabilities, fringe
benefits, non-trade short-term
liabilities and receivables
Investment activity
• Expenses connected with the
implemented investment
programme were a little bit
lower than in the previous year
Financial activity
• Financial activity at the similar
level as year ago
Simplified
17. 1. Most important events of Q2 2017
2. Financial results for Q2 2017
3. Outlook for next quarters
18. 18
Continuation of key investments (1)
Outlook for next quarters
Investment: sodium bicarbonate in Germany
Bicarbonate for the healthcare industry
(as a excipient)
The highest margin
product with the highest
quality restrictions. The
need to comply with
special purity
requirements and GMP
regulations (a similar
situation applies to all
types of pharmaceutical
soda)
10% of the global population suffers from
chronic kidney disease (CKD) which is seen
as a civilization disease
Chronic kidney disease changed the position
from 27th place in 1990 to 18th in 2010*
on the list of the leading causes of death
Over 2 million* people globally are on
haemodialysis or have had kidney transplants
to save their lives
In 2020 a nearly twofold increase is expected
(about 3.8 million*)
The major European dialysis cartridge producers:
Braun
Fresenius
Gambro
* źródło: National Kidney Foundation ** Źródło: Fresenius
including: bicarbonate for dialysis
Market megatrends
19. 19
Continuation of key investments (2)
Outlook for next quarters
Investment: salt in Poland
Salt granules
Product used in animal husbandry.
Gives animals sodium and chloride
they need – it improves efficiency and
effectivness of animal production.
Product will be dedicated to end klients
in AGRO business (large raisers) and
feed producers.
Water softener used mainly in
dishwashers and washing machines.
CIECH will be providing both the raw
material and the product under its own
brand.
According to EUROSTAT data, Poland is in the
group of countries with the biggest cattle
population and dairy cows, there is also a
growth of young cattle, for which using salt licks
has the greatest importance
There is a rising preassure for higher efficiency
of food production (mainly in developing
countries) and rising export by Polish producers of
food
---
The market for water purification in Europe shows
major potential. On the salt granules market
alone half a million tonnes per year reached the
final consumer (in 2016)
In Europe there is a clear rising trend in the
number of dishwashers and other home
appliances, especially in developing countries
CAPEX:
Above
PLN 30 m
Expanding CIECH’s offer by new kinds of salt, growth of
efficiency of production, using synergies between salt
business and crop protection products business.
Salt licks
Market megatrends
20. 20
Continuation of key investments (3)
Outlook for next quarters
Continuation of the investment in
desulphurization and
denitrification systems in
combined heat and power
generation plants
Continuation of extension of the
salt products warehouse
Completing investment in warehouses for the long blocks of foam
Further registration of crop protection chemicals abroad
Work on the new products in the AGRO business
Continued development of the resin portfolio to obtain more
specialized products
Continued development of the foam portfolio extention
21. 21
Intensive business and sales activities
Outlook for next quarters
Continued development of competitive advantage
and strengthening relations with soda clients
Maintaining cost discipline by optimizing
processes, increasing production output
Continued international expansion in all business fields by looking for new and attractive markets
Effective management of the situation in raw
materials for the production of resins and foams
Continued development of the sales network for
plant protection chemicals and increasing crop
protection chemicals production effectiveness
Starting the negotiation process for soda
contracts for 2018
Preparation and implementation of the pre-season
sales of crop protection chemicals
22. This document has been prepared solely for informational purposes. It includes only summary information, is not exhaustive, and may not be used as a sole basis for any assessment or analysis. CIECH S.A. makes no guarantees (explicit or
implicit) regarding information presented herein and such information, including forecasts, estimates and opinions, should not be unduly relied upon. CIECH S.A. does not accept any responsibility for possible mistakes, omissions or
irregularities found herein. The document is based on sources of information which CIECH S.A. deems to be reliable and accurate, however, it does not guarantee them to be exhaustive nor to fully reflect the actual situation. This document
does not constitute an advertisement or a public offer of securities. It may include forward-looking statements that involve investment risks or uncertainties and may significantly differ from actual results. CIECH S.A does not accept any
responsibility for consequences of decisions made based on this document. The responsibility lies exclusively with the party using the document. This document is protected by the Copyright and Related Rights Act. Copying, publishing or
distributing it requires prior written consent of CIECH S.A.
CONTACT FOR INVESTORS:
Joanna Siedlaczek
Management Board Representative for Investor Relations
+48 669 600 567, joanna.siedlaczek@ciechgroup.com
Modern and diversified chemical group on a stable path of growth