Brief: Cementir Holding Prelim. FY EBITDA Up At EUR 311 Mln, Sees EBITDA At Around EUR 350 Mln In 2024

Cementir Holding NV

08/02/2022 16:01

Feb 8 (Reuters) - Cementir Holding NV  CEMI.MI :
    * FY REVENUE FROM SALES AND SERVICES EUR 1.36 BILLION VERSUS
EUR
1.22 BILLION YEAR AGO
    * FY EBITDA AT RECORD LEVEL OF EUR 311.0 MILLION, UP BY
17.9% ON
2020
    * NET FINANCIAL DEBT DOWN TO EUR 40.4 MILLION (EUR 122.2
MILLION
AT 31 DECEMBER 2020)
    * APPROVES THE 2022-2024 INDUSTRIAL PLAN UPDATE
    * DIVIDEND EXPECTED TO GROW OVER TIME, WITH DIVIDEND PAYOUT
RATIO
BETWEEN 20 AND 25%
    * GREEN CAPEX TO EUR 97 MILLION; CO2 EMISSIONS TARGETS BY
2030
CONFIRMED
    * 2024 INDUSTRIAL PLAN TARGETS: REVENUE TO AROUND EUR 1.65
BILLION, EBITDA AT AROUND EUR 350 MILLION, NET CASH POSITION
OVER EUR 300 MILLION
    * FOR 2022, EXPECTS TO ACHIEVE REVENUES OF OVER EUR 1.5
BILLION
    * FOR 2022, EBITDA BETWEEN EUR 305-315 MILLION, NET CASH
POSITION
OF APPROX EUR 60 MILLION AT END OF PERIOD, AFTER EUR 95 MILLION
INVESTMENTS
    * FORWARD-LOOKING INDICATION DOES NOT INCLUDE ANY RESURGENCE
OF
COVID-19 PANDEMIC IN COMING MONTHS

Source text for Eikon:  ID:nBIA3n1yHX 
Further company coverage:  CEMI.MI 

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