USA
Growth momentum in the USA continued, supported by an intense CAPEX program. With a strong performance in an improving construction environment, the US market led the Group’s growth in turnover and profitability in 2015.
2015 performance highlights
Financial
€679.8m
49% of Group
Turnover
(2014: €468.9 m)
€100.8m
46% of Group
EBITDA
(2014: €46.5 m)
€1,006.3m
34% of Group
Total assets
Non-financial: Social
2.05
LTIFR
Lost time injuries frequency rate (LTIFR) for direct employees in 2015 (per 1,000,000 man-hours)
(2014: 2.06)
85%
Engagement rate
(Employee Opinion Survey 2014–2015)
Our operations meet country-specific regulations for Health and Safety1
Non-financial: Environmental
We use relevant voluntary management systems such as LEED (Leadership in Energy and Environmental Design), Green Star NRMCA and Energy Star, which are “unit-focused”
1. In particular, we meet MSHA standards (Mine Safety and Health Administration) and OHSA standards (Occupation Health and Safety Administration). There are internal management monitoring systems, but not certified systems.
Greece and Western Europe
Improvements were seen at all levels in a demanding trading environment. The construction sector in the domestic Greek market remains subdued, but we are focused on taking advantage of our strong export business and on maintaining and further improving the cost competitive advantage of our plants.
2015 performance highlights
Financial
€268.8m
19% of Group
Turnover
(2014: €284.9 m)
€44.8m
21% of Group
EBITDA
(2014: €36.6 m)
€558.9m
19% of Group
Total assets
Non-financial: Social
1.87
LTIFR
Lost time injuries frequency rate (LTIFR) for direct employees in 2015 (per 1,000,000 man-hours)
(2014: 1.43)
88%
Engagement rate
(Employee Opinion Survey 2014–2015)
All plants and installations are certified against OHSAS 18001
Non-financial: Environmental
ISO 14001
All cement plants and most of the installations related to our other activities are certified against ISO 14001
Southeastern Europe
Consistent financial and social performance was seen for Southeastern Europe, which remains a reliable contributor to Group profitability. Signs of modest economic growth are not yet sufficient to reignite cement demand, which remains considerably below the Group plants’ production capacity. We continue to invest in social engagement and innovation across the region.
2015 performance highlights
Financial
€208.5m
15% of Group
Turnover
(2014: €207.8 m)
€55.8m
26% of Group
EBITDA
(2014: €67.4 m)
€496.2m
17% of Group
Total assets
Non-financial: Social
3.42
LTIFR
Lost time injuries frequency rate (LTIFR) for direct employees in 2015 (per 1,000,000 man-hours)
(2014: 1.41)
90%
Engagement rate
(Employee Opinion Survey 2014–2015)
All plants and installations are certified against OHSAS 18001
Non-financial: Environmental
ISO 14001
All cement plants and most of the installations related to our other activities are certified against ISO 14001
Eastern Mediterranean
We are investing for the future as demand steadily increases in both Egypt and Turkey. In view of positive market prospects, we are implementing a €100m two-year CAPEX plan, which primarily aims to ensure the plants’ energy sufficiency and will significantly improve their production cost base.
2015 performance highlights
Financial
€240.7m
17% of Group
Turnover
(2014: €196.8 m)
€15.0m
7% of Group
EBITDA
(2014: €31.0 m)
€888.1m
30% of Group
Total assets
Non-financial: Social
0.43
LTIFR
Lost time injuries frequency rate (LTIFR) for direct employees in 2015 (per 1,000,000 man-hours)
(2014: 1.43)
74%
Engagement rate
(Employee Opinion Survey 2014–2015)
All plants and installations are certified against OHSAS 18001
Non-financial: Environmental
ISO 14001
All cement plants and most of the installations related to our other activities are certified against ISO 14001
