Italy: Cementir Holding’s sales were Euro1.69bn in 2023, down by 1.7% year-on-year from Euro1.72bn in 2022. Its operating costs were Euro1.44bn, down by 8% from Euro1.33bn. As a result, the company increased its earnings before interest, taxation, depreciation and amortisation (EBITDA) by 23% to Euro411m from Euro335m. Cement and clinker sales volumes fell by 1.6% year-on-year to 10.7Mt due to a general market slowdown, though they rose in China and Türkiye.
Chair and CEO Francesco Caltagirone said “Despite an increasingly uncertain macroeconomic scenario due to growing geopolitical tensions and more restrictive monetary conditions, in 2023 the group demonstrated significant resilience, setting new records thanks to an even more diversified geographical and product mix. The general weakness in volumes, with the exception of Türkiye and China, was balanced by the improvement in operational efficiency.”