Full Year 2024 Sigmaroc PLC Earnings Call Transcript
Key Points
- SigmaRoc PLC (FRA:M2I2) successfully integrated new lime and limestone businesses acquired from CRH, launching a synergies program that delivered EUR9 million in 2024.
- The company increased its synergy program target from EUR30 million to EUR40 million by 2027, demonstrating strong operational efficiency.
- EBITDA and EPS were ahead of consensus, with a 240 basis points increase in margins, reflecting robust financial performance.
- SigmaRoc PLC achieved an 11.5% ROIC, on track to reach its long-term target of 15%, indicating strong return on investment.
- The company has a clear strategy for future growth, focusing on bolt-on acquisitions and self-funding further expansion, supported by its high cash-generative nature.
- The company faced challenges in the residential construction market, leading to a slight reduction in volumes and revenues in certain regions.
- Western Europe experienced a 9% reduction in revenues due to a tough trading year and currency translation effects.
- SigmaRoc PLC's net debt increased significantly to over GBP500 million due to acquisitions, although leverage remains under control.
- The company is exposed to potential risks from US tariffs, which could impact its operations indirectly through the steel and automotive sectors.
- Currency fluctuations pose a challenge, with 70-75% of the business in the Eurozone, requiring careful management of foreign exchange risks.
Good afternoon, ladies and gentlemen, and welcome to the SigmaRoc PLC full year results investor presentation. (Operator Instructions) The company may not be in a position to answer every question it received during the meeting itself. However, the company can review all questions submitted today and will publish our responses where it's appropriate to do so on the Investor Meet Company platform. And before we begin, as usual, we would just like to submit the following poll. And if you'd give that your kind attention, I'm sure the company would be most grateful.
And I would now like to hand you over to the Executive Management team from SigmaRoc plc. Max, good afternoon, sir.
Good afternoon. Hello, everyone. I hope you can all see us on the screen. I've got a series of slides for you, which you can also find on our website. And we start with slide 4 of the slide deck.
We'll run you through a series of highlights of operational review. Jan, to my right, will take
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
