Softer sales volumes and lower input costs hit revenues. However, full-year underlying EBITDA is likely to be in line with expectations. SigmaRoc’s underlying EBITDA margin in H1 2024 was up 110bps due to effective pricing and cost management.
SigmaRoc CEO Max Vermorken said: “I am delighted to be sharing these results for the first half of 2024 which have come in ahead of our expectations despite continued mixed markets. The results show the resilience of SigmaRoc’s diversified business and operations and are testament to the hard work of all our staff.
“The integration of the core of the CRH acquisitions has gone well, with Poland completing the post-period end. We expect to report good progress on the integration of this last piece of the CRH acquisitions later in the year.
“The second half has started well, with many areas of the business showing good demand, despite some areas of weakness. The progress on the synergy program continues with guidance on the minimum target level increased to €35m by 2027, even before allowing for synergies that will arise post-completion of the Polish acquisition.
“With the recent acquisitions now completed, SigmaRoc has transformed into a business with several lifetimes supply of a key natural resource that is essential to all the processes around modern life. This resource base gives SigmaRoc a unique position in the European lime market.”
The full text of the interim statement will be available on the company’s website at www.sigmaroc.com
