Africa Middle East with subdued growth

Political challenges impact economic development

Economic development in the Group region Africa Middle East was highly heterogeneous and political tensions and uncertainty impacted a number of Holcim markets in 2014. Growth was rather modest in countries such as Morocco and Lebanon, whereas the Ivory Coast and Madagascar were among the faster growing economies.

Consolidated key figures Africa Middle East

 

2014

2013

±%

±% LFL*

*

Like-for-like, i.e. factoring out changes in the scope of consolidation and currency translation effects.

Production capacity cement in million t

11.0

11.0

–0.5

 

Cement and grinding plants

12

12

 

 

Aggregates plants

4

5

 

 

Ready-mix concrete plants

15

17

 

 

Sales of cement in million t

8.3

7.9

+5.4

+6.2

Sales of aggregates in million t

2.0

2.2

–8.7

–8.7

Sales of ready-mix concrete in million m3

0.7

0.8

–15.0

–15.0

Net sales in million CHF

861

884

–2.6

+0.8

Operating EBITDA in million CHF

276

283

–2.4

+1.2

Operating EBITDA margin in %

32.1

32.0

 

 

Operating profit in million CHF

220

216

+1.6

+5.8

Operating profit margin in %

25.5

24.5

 

 

Personnel

1,928

2,128

–9.4

–9.4