REG - SigmaRoc PLC - AGM Statement

SigmarocAnnouncement

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RNS Number : 9002G  SigmaRoc PLC  01 May 2025

1 May 2025

 

(EPIC: SRC / Market: AIM / Sector: Construction Materials)

 

SIGMAROC PLC

('SigmaRoc', the 'Group' or the 'Company')

 

AGM Statement ahead of Capital Markets Day

 

Solid Q1 trading

 

SigmaRoc, a leading European lime and minerals group, is pleased to announce
an update on its first quarter trading for the 2025 financial year ('Q1' or
the 'Period'), in advance of the Annual General Meeting to be held at 3:00pm
today at The Chesterfield Mayfair, 35 Charles St, London, W1J 5EB.

Q1 Highlights

·   Solid Q1 performance, with Group revenues and underlying Group EBITDA
marginally ahead of management expectations and ahead of prior year;

·      Amended Bridge loan with a new 5-year fixed-rate facility on
preferential terms;

·      Execution of the synergy programme on track with minimum level of
€40 million.

Q1 trading update

The Group is pleased to report a good start to 2025.

Revenue, underlying EBITDA and EBITDA margin were marginally ahead of
management expectations. On a year-on-year basis revenue was up 18.3% to
£252m, with underlying EBITDA of £49m (up 30.4%) and EBITDA margin 19.4% (up
180bps). On a proforma basis revenue was up 0.2%, underlying EBITDA up 1.3%,
and EBITDA margin was up 20bps.

High grade minerals volumes were marginally up for the quarter, with stone and
value add products modestly down, reflecting proactive margin and product mix
optimisation including network optimisation and plant closures as part of the
synergy programme.

Outlook

The business has performed well in a volatile first quarter. We remain mindful
of the increased level of political and economic uncertainty affecting end
markets. The diversified nature of our business means SigmaRoc is well
positioned to benefit from any growth opportunities that arise. The recently
approved infrastructure fund in Germany will provide much needed stimulus to
the construction, steel and energy sectors, complimented by possible spillover
effects in neighbouring economies, including Poland and the Czech Republic.

The Directors therefore remain confident in SigmaRoc's ability to make further
progress in the current year and beyond. The Board's outlook for FY25 remains
unchanged.

Max Vermorken, Chief Executive Officer, commented:

"I reported at the time of our final results that the first two months of the
year had started well, and I am pleased to say that this trend has continued
in March with trading marginally ahead of our expectations.

Although the political and economic environment is currently volatile, the
lime and minerals markets are indispensable to the proper functioning of all
areas of the European economy. SigmaRoc remains at the heart of this with the
supply of essential products to the industrial, environmental and construction
markets."

 

Capital Markets Day

SigmaRoc will be hosting a Capital Markets Day for institutional investors and
analysts at the Ham Yard Hotel, London, UK on Wednesday, 7 May 2025 at 13.00
GMT.

The event will include updates on strategy and business development from the
executive team and members of senior management.

For further details and to register interest in attending the event, please
contact sigmaroc@teneo.com.

 

Information on the Company is available on its website, www.sigmaroc.com
(http://www.sigmaroc.com) .

 

 

For further information, please contact:

 SigmaRoc plc                                Tel: +44 (0) 207 002 1080

 Max Vermorken (Chief Executive Officer)

 Jan Van Beek (Chief Financial Officer)      ir@sigmaroc.com (mailto:ir@sigmaroc.com)

 Tom Jenkins (Head of Investor Relations)

 Panmure Liberum (Nomad and Co-Broker)       Tel: +44 (0) 203 100 2000

 Scott Mathieson / John More / Dru Danford

 Deutsche Numis (Co-Broker)                  Tel: +44 (0) 20 7260 1000

 Richard Thomas / Hannah Boros

 Teneo (Public Relations)                    Tel: +44 (0) 207 353 4200

 Harry Cameron / Camilla Cunningham

 

 

About SigmaRoc

 

SigmaRoc is a quoted European lime and minerals Group.

 

Lime and limestone are key resources in the transition to a more sustainable
economy. New applications for lime and limestone products as part of a drive
for sustainability include the production and recycling of lithium batteries,
the decarbonisation of construction including through substitution of
cementitious material, and environmental applications including lake liming,
air pollution and direct air capture.

 

SigmaRoc invests in and acquires businesses in the lime and minerals sector.
The principal activity of the Group is the production of lime and minerals
products. The Group's aim is to create value for shareholders through the
successful execution of its strategy in the lime and minerals sector.

 

SigmaRoc seeks to create value by purchasing assets in fragmented markets and
extracting efficiencies through active management and by forming the assets
into larger groups. It seeks to de- risk its investments through the selection
of projects with strong asset backing. The Group seeks to implement
operational efficiencies that improve safety, enhance productivity, increase
profitability and ultimately create value for Shareholders.

 

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