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 € 5,775.6 million in 2008, down 3.8%. The 3.8% decrease with respect to 2007 arose from a negative consolidation effect and a negative exchange-rate effect.
Suppliers
In 2008 Italcementi Group spent € 2,420.0 million on raw materials, fuels, utilities and other goods.
The increase was due to the higher cost of energy products such as fuels and electrical power. In addition, in 2008 € 1,327.0 million were recorded in services.
Personnel
At the end of 2008 the Group employed 22,243. Employee expenses decreased by 1.5%.
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 2008, 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 € 3,324.8 million.
Communities
In 2008, the Group earmarked more than € 5.9 million in support the communities. The
“Fondazione Italcementi Cavaliere del Lavoro Carlo Pesenti” support raised more than € 2.5 million for humanitarian porjects.
Additional information is available in the sdReport. 