Cementir Holding N.V.: Preliminary 2024 consolidated results and 2025-2027 Industrial Plan update

• Sales volumes growth vs.2023: cement +0.5%, ready-mixed concrete +7%, aggregates +7.1%
• Revenue: EUR 1,686.9 million (-0.4% on 2023). Non-GAAP Revenues reached EUR 1,648.8 million (-2.7% on 2023) EBITDA: EUR 407.3 million (-0.9% on EUR 411.1 million in 2023)
• Non-GAAP EBITDA was EUR 399.3 million (-5.4% on 2023), -1.6% excluding non-recurring items
• Profit before taxes: EUR 284.9 million (-2.0% on 2023). Non-GAAP profit before taxes was EUR 295.3 million (-6.5% on 2023)
• Net cash: EUR 290.4 million (EUR 217.6 million at 31 December 2023)

• Industrial Plan targets to 2027: revenue to reach around EUR 2 billion, EBITDA around EUR 465 million, net cash of around EUR 700 million
• Progressive dividend policy with a dividend payout ratio between 20% and 25%
• Achieved an A rating for Climate Change by CDP

Rome, 11 February 2025 - The Board of Directors of Cementir Holding N.V. today examined the preliminary unaudited consolidated results as at 31 December 2024.

Please note that the complete, definitive results for 2024 are currently being reviewed by the external auditor and will be examined and approved by the Board of Directors at its meeting scheduled on 11th of March.

Also 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/2025-02/CH_Press%20release_Preliminary%202024%20results_IP%202027_11%2002%202025.pdf