Cementir Holding N.V.: First Nine Months 2024 consolidated results

Results in line with expectations, with growth in volumes and a decline in Revenue and EBITDA

- Volumes growth on the first nine months of 2023: cement +0.6%, ready-mixed concrete +4.5%, aggregates +4.9%
- Revenue: EUR 1,235.6 million (-4.6% on EUR 1,295.0 million in the first nine months of 2023; Non-GAAP Revenue were EUR 1,227.3 million (-4.8% on 2023)
- EBITDA: EUR 296.0 million (-9.3% on EUR 326.2 million in the first nine months 2023)

- Non-GAAP EBITDA was EUR 289.1 million (-10.0% on 2023), down by 5.4% excluding the negative impact of EUR 15.5 million of non-recurring items
- Profit before taxes: EUR 210.4 million, -12.8% on EUR 241.3 million in the first nine months 2023. Non-GAAP Profit before taxes was EUR 214.1 million (-13.1% on 2023)
- Net cash: EUR 79.9 million (net cash of EUR 45.5 million at 30 September 2023)
- Targets for the year are confirmed

Rome, 6 November 2024 - The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first nine months and the third quarter of 2024.

Please note that as of April 2022, the Turkish economy is considered hyperinflationary according to the criteria set out in "IAS 29-Financial Reporting in Hyperinflationary Economies".

Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2024-11/CH_Press%20release_Nine%20months%20results_06112024.pdf