2023-05-03 17:36:53
Cementos Molins closed the first quarter with a net profit of 37 million of euros, 70% more than the same period in 2022, due to the increase in operating income and the impact they had a year ago economic slowdown, inflation and supply chain strainsas reported in a statement on Wednesday.
Sales reached 342 million euros, representing an increase of 25%, with increases in all regions and businesses and with a positive impact both in volume and prices. The gross operating result (Ebitda), for its part, was 86 million, 47% more, with the positive contribution of the businesses in Spain and Mexicowhile the margin on Ebitda was 25.2%, “recovering part of the erosion of the previous year”.
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“This improvement in operating results is mainly due to volume growth, the positive impact of efficiency plans, the improvement in sales prices and the improvement in fuel and energy costs in the first quarter,” the company said. Regarding net financial debt, it stood at 108 million, 26% less and with a multiple of net financial debt/Ebitda of 0.4 times.
The CEO of the company, Julius Rodriguezhas celebrated continuing “on the path of growth, with good operating results and advancing at a good pace in the execution” of the 2030 roadmap. In April, Cementos Molins closed the purchase of the chemical products manufacturing and distribution company for industrial and decorative flooring, Tecnoresil.
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