Cement sales volumes stable, EBITDA decline due to negative currency impact and non-recurring events
• Cement sales volumes stable (+0.1%), volume growth of ready-mixed concrete (+1.5%) and aggregates (+5%) in the first half of 2024. Growth acceleration in the second quarter of 2025 for both cement and aggregates
• Two non-recurring events impacted operating performance during the period: a fire in the alternative fuels feeding system at the Gaurain plant in Belgium and technical problems during the restart of the second production line in Egypt
• Revenue: EUR 796.7 million (-1.9% on EUR 811.8 million in the first half 2024); Non-GAAP Revenue were EUR 807.1 million (0.5% on 2024)
• EBITDA: EUR 173.5 million (-9.9% on EUR 192.7 million in the first half 2024). Non-GAAP EBITDA reached EUR 171.5 million (-5.7% on 2024)
• Group net profit: EUR 73.5 million (-24.2% on EUR 97.0 million in the first half 2024). Non-GAAP Group net profit was EUR 81.4 million (-20.4% on 2024)
• Net cash: EUR 144.0 million (net cash of EUR 55.4 million at 30 June 2024)
• Guidance for the current year is confirmed, excluding the impact of non-recurring items
Rome, 29 July 2025 - The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first half and the second quarter of 2025.
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:
"The results for the first half of 2025 are in line with our expectations, with overall cement sales volumes stable, revenues slightly increasing, and EBITDA down compared to the first half of 2024, mainly due to technical production issues at two production plants and a larger than expected negative currency effect. In an international context marked by significant geopolitical and trade uncertainty, we continue to pursue our industrial and sustainability goals".
Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2025-07/CH_Press%20release_First%20half%20results_29%2007%202025.pdf
• Cement sales volumes stable (+0.1%), volume growth of ready-mixed concrete (+1.5%) and aggregates (+5%) in the first half of 2024. Growth acceleration in the second quarter of 2025 for both cement and aggregates
• Two non-recurring events impacted operating performance during the period: a fire in the alternative fuels feeding system at the Gaurain plant in Belgium and technical problems during the restart of the second production line in Egypt
• Revenue: EUR 796.7 million (-1.9% on EUR 811.8 million in the first half 2024); Non-GAAP Revenue were EUR 807.1 million (0.5% on 2024)
• EBITDA: EUR 173.5 million (-9.9% on EUR 192.7 million in the first half 2024). Non-GAAP EBITDA reached EUR 171.5 million (-5.7% on 2024)
• Group net profit: EUR 73.5 million (-24.2% on EUR 97.0 million in the first half 2024). Non-GAAP Group net profit was EUR 81.4 million (-20.4% on 2024)
• Net cash: EUR 144.0 million (net cash of EUR 55.4 million at 30 June 2024)
• Guidance for the current year is confirmed, excluding the impact of non-recurring items
Rome, 29 July 2025 - The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first half and the second quarter of 2025.
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:
"The results for the first half of 2025 are in line with our expectations, with overall cement sales volumes stable, revenues slightly increasing, and EBITDA down compared to the first half of 2024, mainly due to technical production issues at two production plants and a larger than expected negative currency effect. In an international context marked by significant geopolitical and trade uncertainty, we continue to pursue our industrial and sustainability goals".
Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2025-07/CH_Press%20release_First%20half%20results_29%2007%202025.pdf
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