Cement News tagged under: Results
Saint-Gobain posts 6% decline in sales in 202304 March 2024, Published under Cement NewsSaint-Gobain has reported sales of EUR47,944m in 2023, down 6.4 per cent from EUR51,197m in the previous year. EBITDA over the same period declined 1.7 per cent from EUR7123m to EUR7001m, while consolidated net debt fell 10.2 per cent from EUR8232m to EUR7393m. Recurring earnings per share were down 1.4 per cent from EUR6.48 in 2022 to EUR6.39 in 2023. Operating income fell 1.6 per cent YoY, coming in at EUR5251m in 2023, with an operating margin of 11 per cent, marking a new record high, ... |
Holcim posts record results in 202328 February 2024, Published under Cement NewsHolcim has posted record results in 2023 with full-year net sales of CHF27,009m (US$30,662m), compared to CHF29,189m in the previous year. Recurring EBIT over the same period advanced from CHF4752m to CHF4760m, while operating profit improved from CHF3221m to CHF4577m. Earnings per share declined from CHF5.48 in 2022 to CHF5.37 a year later. According to the company, the record results were driven by positive price over cost in cement, aggregates and ready-mix. Commenting on the result... |
Adbri reports 13% revenue rise in 202327 February 2024, Published under Cement NewsAdbri Ltd has reported revenue of AUD1922.9m (US$1259m) in 2023, up 13.1 per cent from the AUD1700.3m seen in the previous year. Statutory EBITDA advanced 5.2 per cent YoY from AUD282.6m in 2022 to AUD297.4m the following year, with underlying EBITDA coming in at AUD311m in 2023, up 30.9 per cent YoY. Statutory net profit after tax in 2023 stood at AUD92.9m, down 9.5 per cent from AUD102.6m in the previous year, while underlying net profit after tax was up 43.8 per cent YoY over the same p... |
Fauji Cement posts 20% sales increase in 1HFY23-2427 February 2024, Published under Cement NewsPakistan’s Fauji Cement Co Ltd has reported sales of PKR40.35bn (US$145.75m) in the1HFY23-24, ended 31 December 2023. This compares to PKR33.67bn in the same period a year earlier, marking a 19.83 per cent YoY increase. Net profit over the same period advanced by 3.83 per cent from PKR5.079bn to PKR5.273bn. Over the six-month period, the cost of sales increased by 17.32 per cent from PKR23.434bn to PKR27.493bn, while gross profit came in at PKR12.858bn, up 25.59 per cent on the PKR10.23... |
Heidelberg Materials reports record results in 202322 February 2024, Published under Cement NewsHeidelberg Materials has reported record preliminary results for 2023 with group revenue up four per cent YoY to EUR21.2bn, despite what the company describes as a “weak market environment”. The result from current operations (RCO) improved by 29 per cent YoY to EUR3bn, while profit for the year attributable to shareholders came in at EUR1929m, up from EUR1597m in the previous year. The return on invested capital (ROIC) increased to 10.3 per cent in 2023, compared to to 9.1 per cent in 202... |
Summit reports 10% revenue advance in 202316 February 2024, Published under Cement NewsSummit Materials has announced a 19.8 per cent YoY increase in net revenue to US$613.1m in the fourth quarter of 2023. Adjusted EBITDA over the same period advanced by 14.5 per cent to US$136.5m. The three-month period saw its aggregates business report a 5.7 per cent YoY increase in sales volumes, while cement sales volumes declined 11.1 per cent. Ready-mixed concrete volumes were up 14.8 per cent YoY in the 4Q23, while asphalt volumes advanced by 34.7 per cent. For 2023 as a whole, t... |
Hoffmann Green posts 78% YoY increase in sales volumes16 February 2024, Published under Cement NewsHoffmann Green Cement Technologies has reported revenue of EUR6m in 2023, a 2.7 times increase on the previous year. According to the company, over the past three years, revenue has multiplied by 12, indicative of what it calls its "uninterrupted growth trajectory". Revenue for 2023 corresponds to EUR4m from the sales of cements, mainly H-UKR technology, and EUR2m from the licensing contract signed with the Saudi Shurfah Group. Sales volumes for the 12-month period came in at over 21,3... |
Gulf Cement Co sees revenue advance 33% YoY16 February 2024, Published under Cement NewsGulf Cement Co has posted revenue of AED462.7m (US$125.99m) for 2023, up 33 per cent from the AED348.1m reported in the previous year. For 2023 the company saw a loss of AED21.84m versus a loss of AED30.46m in 2022. According to the company, the losses are the result of challenges including an increase in supply compared to demand, and falling cement and clinker prices in the local and export markets following dumping and intense competition. The global financial crisis has also had a m... |
Vicat reports 8% growth YoY in 202315 February 2024, Published under Cement NewsVicat has reported 8.1 per cent YoY growth in consolidated sales to EUR3.94bn in 2023, compared to EUR3.64bn in the previous year. Over the same period EBITDA has improved by 29.8 per cent from EUR570m to EUR740m. The EBITDA margin has expanded by 3.1 points from 15.7 per cent to 18.8 per cent. The company attributes the advance to its “geographically balanced” portfolio benefiting from cash generation in developed markets and growth opportunities in emerging markets. France, which acc... |
Yamama Cement posts 7% YoY fall in revenue in 202314 February 2024, Published under Cement NewsSaudi Arabia's Yamama Cement Co has announced revenue of SAR935.19m (US$249.38m) for 2023, down 7.23 per cent on the SAR1008.1m seen in the previous year. Operational profit was down 17.93 per cent from SAR333.13m in 2022 to SAR263.55m in 2023. Net profit over the same period has declined 14.49 per cent from SAR355.79m to SAR304.25m. Profit per share also fell, down from SAR1.76 and SAR1.5. The downturn in revenue and profit has been attributed to a low volume and value of sales as loca... |