Progressive performance improvement, with revenue up 7.8% and EBITDA up 10.8% in the third quarter. 2026 guidance confirmed
• Cement and ready-mixed concrete volumes down by -4.2% and -4.6% respectively, while aggregates volumes increased by 6.7%. On a constant perimeter basis, cement volumes increased by 0.6% while aggregates volumes decreased by 1.7%
• In the third quarter of 2026, on a constant perimeter basis, Non-GAAP Revenue increased by 7.8% and EBITDA by 10.8%
• Revenue: EUR 1,255.1 million (+2.3% compared to EUR 1,227.1 million in the first nine months of 2025); Non-GAAP Revenue amounted to EUR 1,248.9 million (+1.3% on 2025 and +2.6% on a constant perimeter basis), impacted by a negative foreign exchange effect of EUR 48.3 million
• EBITDA: EUR 286.3 million (-0.3% compared to EUR 287.3 million in the first nine months of 2025); Non-GAAP EBITDA amounted to EUR 278.2 million (-2.0% versus 2025 and -1.5% on a constant perimeter basis), impacted by a negative foreign exchange effect of EUR 6 million
• Profit before taxes: EUR 172.2 million, down 0.9% compared to EUR 173.8 million in the first nine months of 2025; Non-GAAP Profit before taxes amounted to EUR 176.1 million (-4.1% versus the same period of 2025)
• Net cash position of EUR 209.1 million (EUR 198.5 million at 30 September 2025)
• 2026 financial targets confirmed
Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:
"The first nine months of 2026 were impacted by exceptionally adverse weather conditions in Europe and Türkiye and by a different maintenance schedule during the first quarter. The progressive improvement recorded since the second quarter continued in the third quarter, with both revenue and EBITDA growing and helping to close the gap accumulated at the beginning of the year. Despite the persistently complex and uncertain macroeconomic and geopolitical environment, we reaffirm our guidance for the full year".
Downlaod press release:
https://www.cementirholding.com/sites/default/files/press-release/2026-11/CH_Press%20release_Results%209M%202026_05112026.pdf
• Cement and ready-mixed concrete volumes down by -4.2% and -4.6% respectively, while aggregates volumes increased by 6.7%. On a constant perimeter basis, cement volumes increased by 0.6% while aggregates volumes decreased by 1.7%
• In the third quarter of 2026, on a constant perimeter basis, Non-GAAP Revenue increased by 7.8% and EBITDA by 10.8%
• Revenue: EUR 1,255.1 million (+2.3% compared to EUR 1,227.1 million in the first nine months of 2025); Non-GAAP Revenue amounted to EUR 1,248.9 million (+1.3% on 2025 and +2.6% on a constant perimeter basis), impacted by a negative foreign exchange effect of EUR 48.3 million
• EBITDA: EUR 286.3 million (-0.3% compared to EUR 287.3 million in the first nine months of 2025); Non-GAAP EBITDA amounted to EUR 278.2 million (-2.0% versus 2025 and -1.5% on a constant perimeter basis), impacted by a negative foreign exchange effect of EUR 6 million
• Profit before taxes: EUR 172.2 million, down 0.9% compared to EUR 173.8 million in the first nine months of 2025; Non-GAAP Profit before taxes amounted to EUR 176.1 million (-4.1% versus the same period of 2025)
• Net cash position of EUR 209.1 million (EUR 198.5 million at 30 September 2025)
• 2026 financial targets confirmed
Francesco Caltagirone Jr, Chairman and Chief Executive Officer, commented:
"The first nine months of 2026 were impacted by exceptionally adverse weather conditions in Europe and Türkiye and by a different maintenance schedule during the first quarter. The progressive improvement recorded since the second quarter continued in the third quarter, with both revenue and EBITDA growing and helping to close the gap accumulated at the beginning of the year. Despite the persistently complex and uncertain macroeconomic and geopolitical environment, we reaffirm our guidance for the full year".
Downlaod press release:
https://www.cementirholding.com/sites/default/files/press-release/2026-11/CH_Press%20release_Results%209M%202026_05112026.pdf
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