Arabian Cement Company

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The Egyptian Competition Authority (ECA) has approved a request by 23 cement producers to reduce production volumes “temporarily” to help reduce a glut in output. The current production capacity of the Egyptian cement industry is c.83-85 million tonn...

Egypt’s local cement sales volumes in 2020 declined to 45.9 million tonnes (-5.6% YoY) but were higher than our expectations of 44 million tonnes, due to the resumption of building activity in 4Q20 which led to a rebound in volumes, while cement expo...

ARCC management sees that things got a bit clearer in 4Q20 from the perspective of construction sites since the ban on construction has been waived. Management expects recovery trends to continue and demand rising to the 48-49 million tonnes level in...

Total cement sales (local + exports) stood at 10.5 million tonnes in 3Q20, down 14.2% YoY but up 3.6% QoQ. Utilization rates recorded 57% in 9M20 and 58% in Sep-20. We expect margins to normalize going forward. ARCC is currently trading at an EV/Tonn...

Total cement sales (local + exports) stood at 10.1 million tonnes in 2Q20, down 12.0% YoY and 61.4% QoQ and utilization rates recorded 59% in 1H20 and 55% in Jun-20. EBITDA margin came in at 19.0% versus 13.6% in 2Q19 and 14.0% in 1Q20.SG&A spending ...