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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About BIT:CEM
Cementir Holding
Manufactures and distributes grey and white cement, ready-mix concrete, aggregates, and concrete products in Nordic and Baltic, Belgium, North America, Turkiye, Egypt, and Asia Pacific.
Flawless balance sheet, undervalued and pays a dividend.
