Spain: Cementos Molins has reported its third consecutive quarter with a rising profit, having made Euro33m in the first quarter of 2021, some 39% higher year-on-year than in the same period of 2020. Its revenues came to Euro223m, an increase of 16%.
The quarterly performance of revenues was similar to that of the fourth quarter of 2020, with strong activity in all markets except for Spain. Cementos Molins’ earnings before interest, tax, depreciation and amortisation (EBITDA) for the first quarter came to Euro62m, 30% higher than the same period in 2020. It said that this was achieved due to the positive contributions of the higher cement sales volumes, rising sales prices and the results of efficiency plans that off-set increases in energy costs.
