Rome, 7 May 2026 - Quarter impacted by marked seasonality and a different maintenance schedule
• Declining volumes: cement (-3.3%), ready-mix concrete (-23.7%) and aggregates (-5.1%)
• Revenue: EUR 345.9 million (-6.0% on EUR 368.1 million in the first quarter of 2025); Non-GAAP Revenue reached EUR 344.1 million (-7.1% on 2025)
• EBITDA: EUR 38.8 million (-41.6% on EUR 66.4 million in the first quarter of 2025). Non-GAAP EBITDA was EUR 41.4 million (-40.6% on 2025)
• Profit before taxes: EUR 7.4 million, -75.7% on EUR 30.3 million in the first quarter of 2025. Non-GAAP profit before taxes was EUR 14.8 million (-62.7% on 2025)
• Net cash: EUR 303.7 million (net cash of EUR 143.2 million at 31 March 2025)
• Targets for the year are confirmed
Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:
"The first quarter of 2026 was affected by the harshest winter in the past 20 years in Europe and Türkiye, as well as by a different maintenance schedule, which had a significant impact on volumes and profitability. In March, a recovery in volumes was recorded in certain regions. Within a complex and uncertain macroeconomic and geopolitical environment and pending greater visibility in the coming months we believe we are able to confirm the guidance for the year".
Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2026-05/CH_Press%20release_First%20quarter%202026%20results_07052026.pdf
• Declining volumes: cement (-3.3%), ready-mix concrete (-23.7%) and aggregates (-5.1%)
• Revenue: EUR 345.9 million (-6.0% on EUR 368.1 million in the first quarter of 2025); Non-GAAP Revenue reached EUR 344.1 million (-7.1% on 2025)
• EBITDA: EUR 38.8 million (-41.6% on EUR 66.4 million in the first quarter of 2025). Non-GAAP EBITDA was EUR 41.4 million (-40.6% on 2025)
• Profit before taxes: EUR 7.4 million, -75.7% on EUR 30.3 million in the first quarter of 2025. Non-GAAP profit before taxes was EUR 14.8 million (-62.7% on 2025)
• Net cash: EUR 303.7 million (net cash of EUR 143.2 million at 31 March 2025)
• Targets for the year are confirmed
Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:
"The first quarter of 2026 was affected by the harshest winter in the past 20 years in Europe and Türkiye, as well as by a different maintenance schedule, which had a significant impact on volumes and profitability. In March, a recovery in volumes was recorded in certain regions. Within a complex and uncertain macroeconomic and geopolitical environment and pending greater visibility in the coming months we believe we are able to confirm the guidance for the year".
Download press release:
https://www.cementirholding.com/sites/default/files/press-release/2026-05/CH_Press%20release_First%20quarter%202026%20results_07052026.pdf
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