Italy: Cementir Holding has released its 2026 first-quarter financial results, reporting sales of €344m in the first quarter of 2026, down by 7% year-on-year. It attributed this to the reduction of volumes in several regions and the negative exchange effect of €21.4m, in particular due to the devaluation of the Turkish Lira and the US Dollar against the Euro.
Earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 41% year-on-year to €41.4m. It attributed the decline to volumes reduction from adverse weather conditions and a different annual maintenance schedule. Cement and clinker sales volumes declined by 3% to 2.20Mt compared to the same period in 2025, due to the progressive completion of post-earthquake reconstruction in Türkiye, as well as the weak performance of Asia Pacific. Profit before tax was down by 63% to €14.8m. The company confirmed its 2026 guidance, targeting sales of around €1.7bn and EBITDA of €400m-€420m. It said that the ongoing conflict in the Middle East did not have a significant impact on the first quarter results in terms of energy and logistics costs.
Chair and CEO Francesco Caltagirone Jr said “The first quarter of 2026 was affected by the harshest winter in the past 20 years in Europe and Türkiye, as well as by a different maintenance schedule, which had a significant impact on volumes and profitability. In March 2026, a recovery in volumes was recorded in certain regions. Within a complex and uncertain macroeconomic and geopolitical environment and pending greater visibility in the coming months, we believe we are able to confirm the guidance for the year.”
