Cemetir Holding (CMTHF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the Coral School Conference Operator. Welcome and thank you for joining the Chimentil First Quarter 2025 Results Conference Call. As a reminder, all participants are in listen-only mode. After the presentation, there will be an opportunity to ask questions. Should anyone need assistance during the conference call, they may signal an operator by pressing star and zero on the telephone. At this time, I would like to turn the conference over to Mr. Marco Maria Bianconi, head of M&A and Investor Relations. Please go ahead, sir. Thank you. Good afternoon and good morning. Welcome to Chairman Tiroldi's first quarter results conference call. I'm here with our chairman and chief executive, Francesco Caltagirone, who is happy to take your question at the end of my 10-page presentation. So without further ado, I'll go ahead and on page two highlight the key takeaways for these results. The first quarter 2025 results are in line with management expectations. Revenue was modestly up despite cement volumes decline, but revenues were up in a number of countries. despite the Egyptian currency and the Turkish currency devaluation against the euro. There was a significant improvement in EBITDA in the Nordic and Baltic region and in Malaysia offset by a reduction in all other regions and a 4.8 million euro negative exchange rate effect. Net financial income was down from 2024 because comparable figures included extraordinary income related to the over 53% Egyptian pound evaluation against the Euro in the first quarter of last year. Cement volumes were down 6.2% year-on-year, mainly due to a one-off Turkish government ban on exports to Israel, active from the second quarter of 2024. Dynamics volumes were up over 2%, and aggregates were broadly in line with last ...