Tel. +45 9816 7777 cement@aalborgportland.com

Press contact

Henning Bæk CFO
Aalborg Portland Holding A/S
Denmark
Tel.: + 45 9816 7777

New Managing Director in Unicon A/S

Søren Holm Christensen, Finance Director in the Nordic & Baltic Region of Cementir Holding, has been appointed new Managing Director for Unicon A/S in Denmark as of 1st September 2015.

Søren Holm Christensen takes over the reins of Unicon from Jesper Knudsen, who has decided to take on a position as CEO of EL:CON after nine years of employment, including six years as Regional Director.

Annual Report 2014

The Aalborg Portland Group: Strong results in 2014 as a result of foreign investment

In 2014, the Aalborg Portland Group reached net sales of EUR 858.4m against EUR 670.8m the previous year. Profit for the year was EUR 109.0m against EUR 76.2m the previous year.

The progress in 2014 is mainly related to the subsidiary Cimentas in Turkey that is represented in the consolidated financial statements for full-year 2014, whereas in 2013, Cimentas was only included from 1 October. Furthermore, Cimentas has achieved full capacity utilisation at three of four cement plants. The Aalborg Portland Group owns 85% of the Turkish cement company.

Robust result in 2013 in spite of continuing challenging conditions in Denmark

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.

New Managing Director at Aalborg Portland Nordic Cement

On 1 November, Michael Lundgaard Thomsen joined Nordic Cement, Aalborg Portland as Managing Director. Michael Lundgaard Thomsen has since 2003 been employed by Siemens Flow Instruments. First, he functioned as a Global Operations Manager and later from 2006 as the CEO of the company.

Previously, Michael Lundgaard Thomsen has been Director of Production at Sauer-Danfoss, Factory Manager at Linak and Supply Chain Manager at Danfoss Fluid Power.

Annual Report 2012

Progress for the Aalborg Portland Group – but dramatically increasing Danish taxes are a serious challenge for investment and growth.