Italy: Cementir Holding’s cement volumes rose by 2% and aggregates by 5%, while ready-mix concrete remained stable at -0.3% in the first nine months of 2025, compared to the same period in 2024. Revenue stood at €1.23bn, down by 0.7% from €1.24bn in the same period of 2024. Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined by 3% year-on-year from €296m to €287m, while profit before tax dropped by 17% year-on-year from €210m to €174m. Despite geopolitical challenges and a weak macroeconomic environment, Cementir confirmed all full-year targets.

Francesco Caltagirone Jr, chair and CEO, said “The results for the first nine months of 2025 are in line with our expectations, with the third quarter showing an improvement in cement and aggregates volumes. We are effectively managing operational challenges while continuing to pursue our strategic objectives and growth path with determination. At the same time, we are accelerating our decarbonisation projects, particularly in carbon capture and storage technologies. While awaiting potential market opportunities, we remain committed to further strengthening our financial position.”