Cementir Holding Reports Third Quarter 2024 Earnings

Cementir Holding (BIT:CEM) Third Quarter 2024 Results

Key Financial Results

• Revenue: €425.9m (down 8.9% from 3Q 2023).
• Net income: €65.5m (down 30% from 3Q 2023).
• Profit margin: 15% (down from 20% in 3Q 2023). The decrease in margin was driven by lower revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Cementir Holding Earnings Insights

Looking ahead, revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Basic Materials industry in Europe.

Performance of the market in Italy.

The company's shares are up 8.9% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Cementir Holding's balance sheet.

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