Cementos Molins increases net profit by 76% and reaches 57 million euros in the first half of the year

Fourth consecutive quarter of solid results, well above pre-pandemic levels, with revenues up 33% and EBITDA up 50%.

Fourth consecutive quarter of solid results, well above pre-pandemic levels, with revenues up 33% and EBITDA up 50%.

29 July 2021_CementosMolins today announced its results for the first half of 2021, marked by solid growth in all its businesses. The evolution of the different markets is globally positive despite the effects of the pandemic and the restrictive measures adopted by governments in different countries.

Revenues amounted to 452 million euros, an increase of 33% compared to the same period of the previous year (without exchange rate fluctuations they increased by 45%).

EBITDA was EUR 124 million, 50% higher than in the same period of the previous year (+67% on a like-for-like basis excluding exchange rate impact), and well above pre-pandemic levels. This strong improvement in results was driven by volume growth, price management and the positive contribution of operational efficiency plans. On the negative side, the strong global inflation in energy and logistics costs, as well as the depreciation of the Argentine peso. The EBITDA margin improved solidly to 27.6%.

Cementos Molins’ net profit reached 57 million euros, an increase of 76% compared to the same period of the previous year.

As regards Net Financial Debt as at 30 June 2021, this decreased to only EUR 9 million due to strong liquidity generation, representing a reduction of 87% compared to 31 December 2020 and 93% compared to 30 June 2020. The Net Financial Debt / EBITDA multiple continues to decrease to 0.0x.

Julio Rodríguez, CEO of Cementos Molins, considers the results obtained in the first half of the year to be very positive: “We are pleased to see once again that we have a great team of professionals, who have taken advantage of the opportunities offered by the market, achieving a remarkable result despite the impact of the pandemic”. “We have taken another step forward on our strategic path of growth and development of our ambitious sustainability goals,” Rodriguez adds.

Following the European Securities Markets Authority (ESMA) guidelines on Alternative Performance Measures (APMs), which are mandatory for regulated information, the information and disclosures relating to APMs used in this press release are included in the “2Q 2021 Results” presentation submitted by the Company to the Comisión Nacional del Mercado de Valores (CNMV).

About Cementos Molins. At Cementos Molins we have been creating products and developing innovative and sustainable solutions for the construction sector for more than 90 years, contributing to the development of society, the quality of life of people and the protection of the environment. We currently operate in Spain, Mexico, Argentina, Uruguay, Bolivia, Colombia, Tunisia, Bangladesh and India. Our integrated model includes the businesses of aggregates, cement, concrete, mortars, prefabricated products, urban landscaping and architectural façades, as well as waste recovery. Our long history has been possible thanks to our team of more than 5,000 employees in nine countries and four continents with a common attitude, working every day with passion, respect and integrity, being non-conformist and efficient.