Board of Directors approves consolidated results as of 30 September 2022
- Revenue: EUR 1,257.7 million, +24.7% on EUR 1,008.3 million in the nine months of 2021. Excluding IAS 29 effect, Revenue reached EUR 1,248.2 million (+23.8% on 2021)
- EBITDA: EUR 238.3 million, +10.8% on EUR 215.1 million in the nine months of 2021. Excluding IAS 29 effect, EBITDA reached EUR 252.9 million (+17.6% on 2021)
- Profit before taxes: EUR 160.5 million, +32.5% on EUR 121.2 million in the nine months of 2021. Excluding IAS 29 effect, Profit before taxes reached EUR 164.8 million (+36.0% on 2021)
- Net financial debt: EUR 29.9 million (EUR 100.1 million at 30 September 2021)
Rome, 3 November 2022 – The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first nine months and the third quarter of 2022.
As of June 2022, the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29-Financial Reporting in Hyperinflationary Economies”. For the purpose of IAS 29 application, reference should be made to the relevant paragraph. The impacts of hyperinflation on the income statement of the first nine months of 2022 are shown in the Annex.