Wagners Holding Co Ltd (FRA:0W7)

Half Year 2021 Wagners Holding Company Ltd Earnings Call Transcript

Feb 24, 2021 / 10:30PM GMT

Release Date Price: €1.17 (+2.63%)

Transcript

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Wagners' Half Year results briefing. (Operator Instructions)

With us today, we have the company's CEO, Cameron Coleman; CFO, Fergus Hume; General Manager, Michael Kemp; Chairman, Denis Wagner; and Company Secretary, Karen Brown. (Operator Instructions) Please be advised that this conference is being recorded.

I would now like to hand the conference over to your first speaker, Cameron Coleman. Thank you. Please go ahead.

Cameron Coleman

Wagners Holding Company Limited - CEO

Good morning, ladies and gentlemen, and welcome to our half year results presentation. The first half of 2021 has shown a great improvement when compared to last year. Overall revenue for the first half compared with the prior corresponding period is up 27% to $155.8 million. The pro forma EBIT result of $10.3 million is a significant improvement as well. This result has been driven by growth in cement volumes, increased precast activity, increased quarry volumes, the commencement of a major project from

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