Spain: Cementos Molins experienced a 1.8% year-on-year drop in sales to €336m in the first quarter of 2024. Sales growth across most regions failed to offset a decline in Argentina. Nonetheless, the company's earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 5% to €90m. Group net profit was €52m, up by 38% year-on-year. Net debt dropped to €46m, positioning the company well to continue to execute new investments under its 2030 Sustainability Roadmap.
CEO Julio Rodriguez said “We have achieved very strong operating results during the first quarter, in line with the company’s strategic plan 2024-26, with great progress in the execution of our net zero roadmap towards decarbonisation. I would like to thank the entire team of professionals at Cementos Molins for their effort, great commitment, and excellent results.”
