Italcementi expects moderate growth in recurring EBITDA

Italcementi's revenue rose in Q1

{reg}Italcementi expects moderate growth in recurring EBITDA for 2015, reports Il Sole. The company posted its financial results for the quarter ended March 31, 2015, reporting a 5.1 percent increase in revenue to EUR 980.5 million.

EBITDA in the quarter was stable at EUR 95.2 million as compared to EUR 95.5 million in the similar quarter last year.

Italcementi posted net loss of EUR 56.8 million in the quarter as compared to EUR 55.2 million at the end of March 2014. The company's net debt increased by 187.2 percent to EUR 2.34 billion, mainly the result of seasonal dynamics of working capital and depreciation of local currencies against the euro.{/reg}