The progress in 2013 is mainly based on the development in the emerging markets outside Denmark where cement is required for new infrastructure projects, industries and housing for a growing population. Except in Norway, there is weak or no growth in the Nordic region. The Danish levies continue to pose a considerable challenge in the Danish market.
The Aalborg Portland Group realised total net sales of EUR 671m against EUR 580m the previous year. Profit for the year was EUR 76m against EUR 55m in 2012. 70 percent of net sales are referring to activities outside Denmark. Aalborg Portland’s substantial investments in markets such as China, Malaysia and Turkey have contributed to the progress in these markets and are contributing increasingly to the total earnings.
The Aalborg Portland Group’s Annual Report 2013 can be read here.