Finance and results
Board of Directors approves consolidated results as of 30 September 2023
- Revenue: EUR 1,295.0 million, up 0.5% on 1,288.0 million in the first nine months of 2022. Non-GAAP Revenue were EUR 1,288.9 million (+0.8% on 2022)
- EBITDA: EUR 326.2 million, up 36.9% on EUR 238.3 million in the first nine months of 2022. Non-GAAP EBITDA was EUR 321.1 million (+32.6% on 2022)
- Profit before taxes: EUR 241.3 million, +50.3% on EUR 160.5 million in the first nine months of 2022. Non-GAAP profit before taxes was EUR 246.4 million (+60% on 2022)
- Net cash: EUR 45.5 million (net financial debt of EUR 29.9 million at 30 September 2022)
- 2023 EBITDA guidance further revised upwards by over 4%
Rome, 6 November 2023 – The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first nine months and the third quarter of 2023.
Please note that as of April 2022, the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29-Financial Reporting in Hyperinflationary Economies”.