• Performance highlights *
    [Euro ‘000]20242024 (Non-GAAP)20232023 (Non-GAAP)20222022 (Non-GAAP)2021202020192018
    Revenue from sales
    and services    		1,686,9431,648,8391,694,2471,694,6381,723,1031,720,8711,359,9761,224,7931,211,8281,196,186
    EBITDA407,342399,256411,122421,873335,250336,293310,952263,740263,794238,504
    EBITDA
    Margin %    		24.1%24.2%24.3%24.9%19.5%19.5%22.9%21.5%21.8%19.9%
    EBIT262,022266,687278,329299,231204,422214,749197,783157,173151,743153,213
    Net financial income
    (expense)    		22,87028,64212,38116,53032,01211,980(25,797)(14,615)(25,095)31,422
    Profit before taxes284,892295,329290,710315,761236,434226,728171,986142,558126,648184,635
    Income taxes(70,437)(58,804)(75,218)(78,673)(54,877)(46,833)(48,992)(33,195)(36,219)(35,866)
    Profit from
    continuing operations    		214,455236,525215,492237,088181,557179,895122,995109,36390,429148,769
    Profi (loss) from
    discontinued
    operations    		-------- (13,109)
    Profit for the year214,455236,525215,492237,088181,557179,895122,995109,36390,429135,660
    Profit attributable to the owners of the parent201,640223,846201,364223,322162,286161,203113,316102,00883,569127,198
    Profit margin %12.0%13.6%11.9%13.2%9.4%9.4%8.3%8.3%6.9%10.6%


    *From April 2022 the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29 - Financial Reporting in Hyperinflationary Economies”. Non-GAAP figures exclude both the impact of the application of IAS 29 and the re-valuation of non-industrial property in Türkiye.

  • Financial highlights
    [Euro ‘000]2024202320222021202020192018
    Net capital employed1,565,9481,433,2231,427,2721,267,9321,305,1421,421,1961,383,799
    Total assets2,755,7242,522,1942,493,9762,111,0582,232,3792,266,0942,132,223
    Total equity1,856,3841,650,8331,522,7731,227,5571,182,9621,181,5671,128,384
    Equity attributable to the owners of the parent1,717,0311,503,0641,368,1831,088,1281,056,7091,044,627997,146
    Net financial debt (Net cash)(290,436)(217,610)(95,501)40,375122,181239,629255,415

     

  • Profitability and financial structure ratios
     2024202320222021202020192018
    Return on equity(a)11.6%13.1%11,9%10.0%9.2%7.7%13.2%
    Return on capital employed(b)16.7%19.4%14,3%15.6%12.0%10.7%11.1%
    Equity ratio(c)66.9%64.9%60,3%57.7%52.7%51.8%52.5%
    Net gearing ratio(d)-15.8%-13.3%-6.4%3.3%10.4%20.4%22.8%
    Net financial debt / EBITDA-0.7x-0.5x-0.3x0.1x0.5x0.9x1.1x

    (a) Profit from continuing operations/ Total equity
    (b) EBIT / Net capital employed
    (c) Adjusted equity / Total assets
    (d) Net financial debt / Adjusted equity

  • Employees and investments
     2024202320222021202020192018
    Number of employees (at 31 Dec.)3.0823,0453,0853,0832,9953,0423,083
    Acquisitions (Eur million)484.2-3.8---223
    Investments (Eur million)171,3(e)147.9(e)122.6(e)99.1(e)85.9(e)88.4(e)66.7


    (e) Including investments accounted for in accordance with IFRS.

  • Volumes sold
    ('000)2024202320222021202020192018
    Grey and white cement (metric tons)10,72210,67410,84911,15610,7129, 4899,828
    Ready-mixed concrete (m3)4,5634,2664,7985,0934,4354, 1164,921
    Aggregates (t)10,0669,40110,46211,05210,2229, 7109,953

     

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