Cementir Holding NV (CHIX:CEMm)
€ 14.38 (0%) Market Cap: 2.40 Bil Enterprise Value: 2.23 Bil PE Ratio: 19.11 PB Ratio: 1.39 GF Score: 77/100

Full Year 2024 Cementir Holding NV Earnings Call Transcript

Feb 11, 2025 / 04:30 PM GMT
Release Date Price: €10.96

Key Points

Positve
  • Cementir Holding NV (STU:3PC) achieved a revenue of €1.68 billion in 2024, showing a slight increase year-on-year.
  • The company reported an increase in cement volumes by 0.5% and aggregates by 7.1%, driven by growth in Turkey, Denmark, and Sweden.
  • Cementir Holding NV (STU:3PC) has set aggressive CO2 reduction targets, aiming for a 42% reduction in CO2 emissions by 2030.
  • The company announced one of the largest onshore CCS projects in Europe, set to be operational by 2030, which will significantly reduce CO2 emissions.
  • Cementir Holding NV (STU:3PC) expects a revenue increase to €1.75 billion in 2025, representing a 6% growth from 2024.
Negative
  • The company faced strong foreign currency headwinds, particularly in Turkey and Egypt, which impacted revenues.
  • EBITDA decreased by 0.9% year-on-year, with a notable decline in all regions except Turkey, Egypt, and Sweden.
  • Non-recurring expenses in 2024 amounted to €4.4 million, contrasting with net non-recurring income of €11.6 million in 2023.
  • The company anticipates increased electricity and fuel costs, which could impact future profitability.
  • Cementir Holding NV (STU:3PC) is short of around 200,000 tons of CO2 allowances over the next three years, which could affect operational costs.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CEMI.MI - Cementir Holding NV
Full Year 2024 Cementir Holding NV Earnings Call
Feb 11, 2025 / 04:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon. This is the Corrus call conference operator. Welcome and thank you for joining the Chairman tier 2024 preliminary results and 2025 to 2027 industrial plan update conference call.

As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing N 0 on the telephone.

At this time, I would like to turn the conference over to Mr. Marco Maria Bianconi, head of M&A and investor relations. Please go ahead, sir.

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Unidentified_2 [2]
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