Ciments Francais SA announced that they will report Q3, 2009 results on November 09, 2009.

Ciments Francais SA announced earnings results for the first quarter ended March 31, 2009. The company reported revenues for the quarter amounted to €1,026.4 million, down 6.2% compared to €1,094.5 million for the first quarter 2008. This drop, due to falling volumes across all three business segments, was mitigated by favorable price and exchange-rate effects, while the scope effect was very limited. Recurring EBITDA for the quarter totaled €190.1 million, down 18.1% compared to €232.2 million for the first quarter of 2008. EBIT for the quarter, down 35.6% on first quarter 2008 at €98.2 million, was burdened by non-recurring restructuring costs relating to the production facilities in some countries, in particular Thailand. The company reported EBIT of €152.6 million for the first quarter 2008. Net consolidated group profit amounted to €54.3 million, a fall of 42.0%, after recognition of lower net interest expense resulting from the capitalization of borrowing costs attributable to major industrial projects (IAS 23) and of lower tax liabilities due to a reduced tax base. The company reported net consolidated group profit of €93.6 million for the first quarter of 2008. Net profit attributable to equity holders of the parent totaled €25.7 million compared to €62.7 million in first quarter 2008. The company reported net financial debt amounted to €1,717 million against €1,479 million for the first quarter of 2008. The company reported EBITDA of €185.6 million and profit before tax of €77.5 million compared to EBITDA of €236.3 million and profit before tax of €127.3 million for the first quarter of 2008. The company declared an exceptional distribution of €4 per share in connection with the project for the merger of Ciments Français with its parent company Italcementi.

Ciments Francais SA announced that it would reduce the number of its staff to 17,000 from 18,000, by job cuts mainly in North America, Egypt and Thailand.