Investor Presentaiton
C
2023 Full year results highlights
EUR million
2,000
1,500
1,000
1,723.1
FINANCIAL HIGHLIGHTS
1,694.2
500
335.2
411.1
162.3
201.4
0
2022
Revenue
2023
EBITDA
■Group net profit
NET CASH
EUR million
0
-50
-95.5
-100
-150
-200
-250
31/12/2022
cementirholding
CALTAGIRONE GROUP
-217.6
31/12/2023
Revenues reached 1,694.2 M€ (-1.7% yoy); non-GAAP* Revenues reached
1,694.6 M€ (-1.5% yoy)
-
Cement volumes down by 1.6% due to Denmark, Belgium, US, Egypt
and Malaysia, partially offset by growth in Türkiye and China
RMC volumes down by 11.1% due to a negative trend in all
countries, above all Nordic & Baltic, except Türkiye. Aggregates
volumes down by 10.1%
EBITDA reached 411.1 M€ (+22.6% yoy); non-GAAP* EBITDA: 421.9 M€
(+25.4% yoy)
-
-
-
Higher EBITDA in all regions except for the US
EBITDA includes non-recurring income of 11.6 M€ mainly related to
gains on assets sale. Non-GAAP EBITDA excluding non-recurring
items is 410.3 M€, up 22.0% like-for-like on 336.3 M€ in 2022.
Non-GAAP EBITDA Margin increased from 19.5% to 24.9%
EBIT: 278.3 M€ (+36.2% yoy); non-GAAP* EBIT: 299.2 M€ (+39.3% yoy)
Group net profit: 201.4 M€ (+24.1% yoy); non-GAAP* Group net profit:
223.3 M€ (+38.5% yoy)
Net cash: 217.6 M€, an improvement of 122.1 M€ year on year,
including 34.2 M€ dividend distribution (IFRS 16 impact of 82.3 M€ vs.
73.0 M€ on 31 Dec. 2022)
(*) Non-GAAP figures exclude both the impact of IAS 29 application and of non-industrial
property revaluation in Türkiye (2023: 7.7 M€, 2022: 16.3 M€)
20
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