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Hoffman Green Technologies reports strong 1H24 results

16 September 2024, Published under Cement News

Hoffmann Green Cement Technologies reported its 2024 half-year results, with revenue rising to EUR3.28m in 2024 from EUR1.68m in 2023, showing a 95.7 per cent increase. EBITDA improved to -EUR3.09m in 2024 from -EUR3.65m in 2023, marking a 15.2 per cent improvement, while the net loss widened to -EUR5.19m in 2024 from -EUR3.61m in 2023, a 44 per cent increase. Cash holdings fell to EUR25.03m in 2024 from EUR42m in 2023, a decrease of 40.4 per cent, and shareholders’ equity decreased to EUR67...