Cemetir Holding (CMTHF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is the College School Conference Operator. Welcome and thank you for joining the Tenanted 2025 First Half 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 make a signal and operate by pressing star and zero on their telephone. At this time, I would like to turn the conference over to Marco Mario Bianconi, Head of MA and Investor Relations. Please, go ahead. Thank you. Welcome, everybody, to Chairman Tirulli's first of 2025 results. I'm here with Francesco Caltagirone, our Chairman and Chief Executive, who would be happy to take your question at the end of my short presentation deck, which has been distributed So I will immediately go to page number two of the presentation, key takeaways. On the first half, 25 results, the first point is that they are in line with management expectations. With overall cement sales volumes stable, albeit accelerating in Q2, as far as cement and aggregates are concerned, slightly higher revenues, and lower EBITDA compared to the first half of last year, mainly due to negative currency impact and non-recurring charges. EBITDA improvement in the Nordic and Baltic region was offset by a reduction in all other regions and a 7 million euro negative exchange rate effect. Two non-recurring events affected healthier operating performance. The first was a fire in the alternative fuel feeding system at the Goran plant in Belgium. The second one, some technical issues during the restart of the second production line in Egypt and the postponement of some cement shipments. As far as the 2025 guidance, all targets are confirmed, excluding no recurring charges and de...