Cemetir Holding (CMTHF) Q4 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 Chairman's Year Preliminary Results 2025 and 2026-2028 Industrial Plan Update. 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 their telephone. At this time, I would like to turn the conference over to Marco Maria Bianconi, chief M&A and IR officer. Please go ahead, sir. Thank you. Good evening, everybody, and welcome to Chairman Tiroldi in 2025 results presentation and the industrial plan updates. This is Marco Bianconi speaking. I'm here with our chairman and chief executive, Francesco Paltagirone. Good afternoon. who is happy to take your question at the end of my short presentation. So going to the presentation deck on page five, we have highlights of the preliminary results 2025. Revenue reached 1.639 billion euro minus 2.8% year on year. Non-GAAP revenue was flat at 1.644 billion. there was a 97 million Euro negative impact from currency depreciation, mainly Turkish Lira versus the Euro. Cement volumes were up by 3.1% in Turkey in particular, but also Egypt, Asia Pacific, and some volume reductions in Nordic and Baltic and Belgium. Radimix volumes were down by 4.8% due to negative performance in Turkey, Denmark, and Belgium, whereas aggregate volumes were up 3.4%. EBITDA reached €439.5 million, up almost 8% year-on-year. Non-GAAP EBITDA was €460.2 million, up 15.3% year-on-year. This figure includes €52 million of net non-recurring gains, of which the major items are €36 million capital gain from disposals and €19.7 million of insurance proceeds for the fire at Grantland ...