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Press Release

Date 30/03/2016

Heracles GCCo Group announces 2015 Results

Group sales, positively affected by the favorable dollar euro exchange rate and the development of secondary sources of revenue, offsetting the decline of the domestic demand for building materials that continued to be adversely impacted by political and economic instability, with both residential and infrastructure construction remaining at low levels 

Athens, 30/03/2016

 

 

Heracles GCCo Group announces 2015 Results

 

Group sales, positively affected by the favorable dollar euro exchange rate and the development of secondary sources of revenue, offsetting the decline of the domestic demand for building materials that continued to be adversely impacted by political and economic instability, with both residential and infrastructure construction remaining at low levels

 

thousand €

2015

2014

%

Heracles Group Turnover

247.164

236.485

4.5%

 Heracles Group EBITDA

10.686

(13.737)

 

Heracles Group Net Losses after Tax

(18.448)

(40.713)

 

 

 

The Company's turnover increased by 4,6% in 2015, amounting to €218.330 thousand compared to €208.764 thousand in 2014, while the Group's turnover increased by 4,5% in 2015, amounting to €247.164 thousand compared to €236.485 thousand in 2014.

The Company's results before taxes, interest, depreciation and amortisation (EBITDA) in 2015 amounted to loss €16.069 thousand compared to loss €6.231 thousand in 2014, while for the Group amounted to profit €10.686 thousand in 2015 compared to loss €13.737 thousand in 2014.

The Company recognized in the Financial Statements as at 31/12/2015 an impairment loss amounting to €31.486 thousand concerning its investment in the consolidated subsidiary LAFARGE BETON S.A. The Company continues its efforts to reduce operating costs as well as optimize the production and supply chain processes.

Τhe Group's net results after taxes amounted to loss €18.448 thousand compared to loss €40.713 thousand in 2014, while the Company's net results after taxes in 2015 amounted to loss €37.711 thousand compared to loss €26.372 thousand in 2014.

In 2015, Heracles Group's investments, increased considerably and amounted to €6.006 thousand, despite the unfavourable economic environment. They focused on improving safety and occupational health, environmental performance, sustainable development and competitiveness especially in the areas of energy consumption and alternative fuels utilization.

 

 

About Heracles Group of Companies

Heracles Group of Companies, a member of LafargeHolcim, is Greece's largest cement producer and has more than 100 years presence in the market. With a network of 33 production and trading facilities throughout Greece, the Group operates in the production and commercial activity of cement, aggregates and concrete, bringing to the market differentiated, innovative products to meet customer and end-user needs.

 

With a well-balanced presence in 90 countries and a focus on Cement, Aggregates and Concrete,

LafargeHolcim (SIX Swiss Exchange, Euronext Paris: LHN) is the world leader in the building materials industry. The Group has 100,000 employees around the world and combined net sales of CHF 29.5 billion in 2015. LafargeHolcim is the industry benchmark in R&D and serves from the individual homebuilder to the largest and most complex project with the widest range of value-adding products, innovative services and comprehensive building solutions. With a commitment to drive sustainable solutions for better building and infrastructure and to contribute to a higher quality of life, the Group is best positioned to meet the challenges of increasing urbanization.

 

 

More information is available on www.lafarge.gr & www.lafargeholcim.com

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