Displaying items by tag: results

South Africa: Raubex recorded sales of US$617m in the first half of the 2025 financial year, following ‘strong performances’ across all divisions. This corresponds to a 30% year-on-year rise. Operating profit also grew, by 35%, to US$47.7m.

Raubex’s gypsum, concrete and aggregates subsidiary OMV performed ‘well,’ according to the parent company. It attributed the performance to a growth in the local construction industry.

Japan: Asahi Concrete Works raised its sales by 1% year-on-year from US$21.4m in the first half of 2023 to US$21.6m in the first half of 2024. This helped its net profit to grow by 22%, from US$1.50m to US$1.83m.

UAE: Fujairah Building Industries’ sales rose by 14% year-on-year to US$40.4m in the first nine months of 2024, from US$35.4m in the corresponding period of 2023. As a result, the producer grew its net profit by 39%, from US$3.31m to US$4.61m.

Canada: Cellular concrete products company Cematrix reported revenues of $10.8m in the first half of 2024, up by 11% year-on-year. It recorded adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$364,000, compared to a loss of US$801,000 in the first half of 2023.

CEO Jeff Kendrick said "We continue to work on a number of initiatives to grow shareholder value, as evidenced by our recent uplisting to the Toronto Stock Exchange. We recently completed a new financing round that strengthened our balance sheet and increased Cematrix’s institutional ownership with quality investors committed to our long-term success. Our commitment to growth and shareholder value remains unwavering as we continue to foster strong organic growth and maintain a robust balance sheet. As we execute our strategic plan, we are optimistic about the remainder of 2024 and beyond, confident that our product offerings and the advantages that it delivers to customers will continue to bring tremendous opportunities for our business.”

Switzerland: Chemicals producer Sika reported sales of €6.08bn in the first half of 2024, up by 9% year-on-year. The company’s earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 24% to €920m. During the reporting period, the company successfully integrated Germany-based MBCC. It also acquired US-based Kwik Bond and opened new production facilities in Peru and China. The company confirmed its Strategy 2028 targets for sustainable, profitable growth.

Sika CEO Thomas Hasler said "With our good operating result in the first half of 2024, we have shown that we are in an excellent position to gain market share even in challenging markets. Furthermore, our emissions reduction targets, aiming for net-zero emissions by 2050, have been validated by the Science-Based Targets Initiative (SBTi). This important achievement underscores Sika's commitment to sustainability and its proactive role in decarbonising the construction and automotive industries."

For the full year 2024, Sika forecast 6 – 9% sales growth in local currencies and an over-proportional increase in EBITDA.

Romania: Concrete paving slab producer Symmetrica's sales grew by 40% to €30.2m in the first half of 2024, driven by strong demand for road and water infrastructure projects. Sales volumes also grew, by 30%, to 2.7Mm². The producer noted high costs, which it partly offset by raising its prices. It also faced collection issues and a decline in residential demand.

SeeNews has reported that Symmetrica is currently building a new €48m concrete paving slab plant Bucharest. When commissioned in mid-late 2024, it will be the largest plant of its kind in the region.

Russia: BK-BETON recorded a net profit of US$19,200 in 2023, against a narrow loss in 2022. The company’s cost of sales rose by 7% to US$205,000. BK-BETON said that the rise reflected its operational growth.

US: Vulcan Materials raised its sales by 6.4% year-on-year in 2023, from US$7.32bn to US$7.78bn. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 24% to US$2bn, while its profit grew by 25% to US$1.95bn. Vulcan Materials’ full-year concrete volumes dropped, during which time it also divested some concrete operations. Altogether, the producer plans to invest US$625 – 675m in maintenance and growth projects in 2024.

Chair and CEO Tom Hill said "We carry momentum into 2024, and our focus is the same - compounding unit margins through all parts of the cycle and creating value for our shareholders through improving returns on capital."

Greece: Titan Cement recorded Euro1.71bn in net sales in 2021, up by 6.7% year-on-year from Euro1.61bn in 2020. The company attributed the boost to higher demand and ‘supportive pricing’ in all of its regions. Cement sales volumes were 18.3Mt, up by 7% year-on-year from 17.1Mt. Its earnings before interest, taxation, depreciation and amortisation (EBITDA) dropped by 4.6% to Euro272m from Euro286m, due to an ‘unprecedented’ second-half costs increase. The group’s net profit was Euro89.6m, compared to Euro1.1m in 2020. During the year, Titan Cement increased the digitisation of its cement production and continued its on-going share buyback programme. Its Scope 1 and 2 CO₂ emissions declined by 4% year-on-year, in line with its 2030 target trajectory.

Titan Cement said “Having already achieved the 2025 targets for energy efficiency and zero waste-to-landfill certification, the group’s attention is now focused on empowering business ecosystems to incorporate sustainability considerations in their decision making. To ensure that key suppliers meet the group’s environmental, social and governance (ESG) standards, Titan Cement developed a sustainable supply chain roadmap and published the first Titan Group Procurement Policy.” In the coming year, the group plans to ‘continue to harness the advantages offered by decarbonisation, digital transformation and business model innovation to benefit our customers, employees, suppliers and communities, aspiring to deliver to society carbon-neutral concrete by 2050.’

UK: Breedon Group’s sales revenue grew by 33% to Euro1.48bn in 2021 from Euro1.11bn in 2020. Its statutory earnings before interest and taxation more than doubled to Euro153m from Euro74m. Cement and concrete sales volumes increased by 20% to 2.4Mt and 23% to 3.2Mm3 respectively. The group described 2021 as an ‘exceptional’ year for its cement business due to pent-up demand following the outbreak of the Covid-19 pandemic.

“2021 was a record year for Breedon. We navigated the second year of the pandemic successfully, supplied our customers with more materials than at any point in our history and fully integrated the Cemex assets,” said chief executive officer Rob Wood.