Molins has released its fourth quarter and full-year 2024 results. Net profit  in 2024 reached a record level of EUR184m (US$191.4m), 22 per cent higher than the previous year. 

In 2024 Molins achieved revenues of EUR1365m, one per cent higher than the previous year, despite declining volumes related to the gradual slowdown in the markets, which worsened during in the second half of the year by political and social instability in some markets, and the unfavourable effect of currency fluctuations, offset by the positive impact of selling prices. Particularly relevant has been the Argentinean market, where there was a decline in activity, linked to the country’s economic environment and the strong currency devaluation in the fourth quarter of the previous year, which gradually recovered during the second half of the year.

EBITDA reached EUR356m, an increase of six per cent compared to the previous year, highlighting the expansion of the businesses in Europe, South America and north Africa. Business in Mexico continues to be the largest contributor to the company's results. The net contribution of selling prices over costs and the operational efficiency have offset the unfavourable impact of lower volume and currency fluctuations. 

The increase in the result achieved by Molins takes place in a year in which the company has executed significant investments, reaching EUR98m, up 31 per cent YoY. Of this total, 70 per cent prioritised sustainability, digitalisation and efficiency, while 30 per cent were growth investments. Despite this, the strong cash generation continues, increasing the net cash balance to EUR91m. This financial strength is an important lever to develop new growth opportunities and to execute the investments foreseen in the Sustainability Roadmap 2030.

Sustainability Roadmap 2030
In 2024 the company continued moving forward in achieving the targets established in the sustainability pillars of Health and Safety, Energy and Climate Change, Circular Economy, Environment and Nature, and Corporate Social Responsibility. Thanks to this roadmap, the company will reduce its emissions by a minimum of 20 per cent by 2030 with the ultimate commitment to supply carbon-neutral concrete by 2050.

Molins, together with Enagás, has recently announced the MOSUSOL NetCO2 project, a pioneer in the transition to sustainable industrial operations through advanced technologies of carbon capture, storage and utilisation (CCUS) with a state-of-the-art CO2 transport infrastructure. The aim of the project, which foresees an investment of approximately EUR590m, is to capture 1Mta of CO2  at the Sant Vicenç dels Horts plant (Barcelona), including the biogenic portion, which will be transported by pipeline for subsequent storage and potential use to produce green fuels. The project will be submitted to the next call of EU's funding programme “Innovation Fund”.

Outlook 2025
Molins expects a gradual activity recovery in most countries affected by the economic crises and political and social instability. In this environment, the company forecasts a low single-digit EBITDA growth based on costs efficiency and management of selling prices to offset inflation and the unfavourable impact of currency volatility, subject to the impact that the tightening of the tariff policy may have on the economy.