Italcementi Group main economic goals are long term profitability and growth. These goals are pursued through:
Economic and financial flows benefit not only the Group and its investors, but all the stakeholders involved by the Group activities as shown in the table hereunder:
Customers
Group revenues totalled € 5,006.4 million in 2009, down 13.3% on 2008. The decrease arose from the slowdown in business performance (-13.6%), offset only to a limited extent by a modest exchange-rate effect (+0.4%), whose positive impact in the first nine month faded in the fourth quarter.
Suppliers
In 2009 Italcementi Group spent € 1,712 million on raw materials, fuels, utilities and other goods (€ 2,420 million in 2008).
The decrease was mainly due to the downturn in volumes and to the strong action focused on the working capital reduction. In addition in 2009, € 1,096 million (€ 1,327 million in 2008) were recorded in services.
Personnel
At the end of 2009 the Group employed 21,155. Employee expenses decreased by 2.6%.
Italcementi Group’s benefit plans are valued according to IAS19 and include: post-employment pension benefits; post-employment medical plans; other long term benefits and termination benefits.
Shareholders
At the end of 2009, the share capital of Italcementi SpA was € 282,548,942 divided into 282,548,942 shares, about 62.7% were ordinary shares and 37.3% savings shares.
The Group’s net shareholder equity was € 3,353.1 million.
Communities
In 2008, the Group earmarked around € 4.7 million in support the communities. The
“Fondazione Italcementi Cavaliere del Lavoro Carlo Pesenti” support raised more than € 2.7 million for humanitarian projects.
Additional information is available in the sdReport. 