• 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
• EBIT: EUR 262.0 million (-5.9% on 2023); Non-GAAP EBIT was EUR 266.7 million (-10.9% on 2023)
• Group net profit: EUR 201.6 million (0.1% on 2023). Non-GAAP Group net profit was EUR 223.8 million (0.2% on 2023)
• Net cash: EUR 290.4 million (EUR 217.6 million at 31 December 2023)
• Proposed dividend of EUR 0.28 per share (EUR 0.28 the previous year)
Rome, 11 March 2025 - The Board of Directors of Cementir Holding N.V. today examined and approved the draft financial statements for the year ended 31 December 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".
Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:
"2024 has been another satisfactory year for our Group, which demonstrated remarkable resilience despite the complex geopolitical and macroeconomic backdrop. We are preparing to face the next three years with a strengthened industrial footprint, thanks to the upgraded Kiln 4 in Belgium, the second production line in Egypt, and the opportunity to completely decarbonize our Aalborg plant by 2030 with a limited investment. We look forward to the challenges ahead with renewed confidence".
Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2025-03/CH_Press%20release_2024%20Results_11%2003%202025.pdf
• 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
• EBIT: EUR 262.0 million (-5.9% on 2023); Non-GAAP EBIT was EUR 266.7 million (-10.9% on 2023)
• Group net profit: EUR 201.6 million (0.1% on 2023). Non-GAAP Group net profit was EUR 223.8 million (0.2% on 2023)
• Net cash: EUR 290.4 million (EUR 217.6 million at 31 December 2023)
• Proposed dividend of EUR 0.28 per share (EUR 0.28 the previous year)
Rome, 11 March 2025 - The Board of Directors of Cementir Holding N.V. today examined and approved the draft financial statements for the year ended 31 December 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".
Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:
"2024 has been another satisfactory year for our Group, which demonstrated remarkable resilience despite the complex geopolitical and macroeconomic backdrop. We are preparing to face the next three years with a strengthened industrial footprint, thanks to the upgraded Kiln 4 in Belgium, the second production line in Egypt, and the opportunity to completely decarbonize our Aalborg plant by 2030 with a limited investment. We look forward to the challenges ahead with renewed confidence".
Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2025-03/CH_Press%20release_2024%20Results_11%2003%202025.pdf
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