BUSINESS
OVERVIEW

During 114 years in business, the values at the heart of our culture have helped us conduct our business with respect, accountability and responsibility, remaining agile and dynamic as we strive to meet the long-term expectations of our stakeholders.

2016 Overview

Our operations are organized into four geographic regions

USA

Turnover
€794m 53%
EBITDA
€145m 52%
Assets
€1,159m 42%
Employees
2,049 [As at 31.12.16]

Greece &
Western Europe

Turnover
€261m 17%
EBITDA
€36m 13%
Assets
€667m 23%
Employees
1,185 [As at 31.12.16]

Southeastern Europe

Turnover
€204m 14%
EBITDA
€56m 20%
Assets
€489m 18%
Employees
1,282 [As at 31.12.16]

Eastern
Mediterranean

Turnover
€249m 16%
EBITDA
€41m 15%
Assets
€475m 17%
Employees
966 [As at 31.12.16]

Expansion into Brazil

In September 2016, we expanded our geographical footprint into a new region with the acquisition of an equity stake in Companhia Industrial de Cimento Apodi, a Brazilian cement manufacturer with a production capacity of more than 2 million tons of cement per year.

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BUSINESS OVERVIEW

Delivering value for all

Aiming to be one of the world’s most responsible providers of construction materials from an economic, social and environmental perspective, we use our unique strengths, resources and relationships to create sustainable value for a wide range of stakeholders.

€150.6m

in investments for the Group’s future growth.

€272.6m

to employees for salaries, pensions and social benefits, including additional benefits beyond those provided by law.

€938.7m

to local and international suppliers.

€60.7 m

on environmental improvements.

€80.6m

in taxes to national and local authorities.

€30.5m

to shareholders and minorities for 2015 results.

17.5m

metric tons of cement to customers, along with many other products.

€2.6m

in community projects.
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BUSINESS OVERVIEW

Focus on material issues

As expectations from business are growing at all levels, focusing on material issues is becoming increasingly important in developing a coherent, inclusive and consistent sustainability strategy

Group material issues and SDGs

The following table shows how the issues with the highest materiality align with the UN Sustainable Development Goals (SDGs) that were identified as most relevant for the Group in 2015.

Our most material issues
SDGs most relevant for the Group
Financial liquidity and access to funding
Environmental management
Climate change
Circular economy
Health and safety
People management and development
Sustainability of communities
Social and political risks and instability
Governance, transparency and ethics

Engaging with youth

Creating long-term employment opportunities for young people is good for a world that needs to engage and empower youth, cover skills gaps and drive economic growth; good for the sustainability of the local communities where we operate; and good for the vitality and creativity of our business.

2016 Internships by country (number of people)

730Internships

Albania 5
Bulgaria 13
Egypt 342
F.Y.R. of Macedonia 166
Greece 110
Kosovo 40
Serbia 13
Turkey 19
USA 22
Total 730
Business-education partnerships in 2016

14%

of internships directed to entry level jobs

402

teachers reached

> 6.000

young people; learners; teachers and staff involved

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