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SigmaRoc - EBITDA “ahead of budget”

September 2024

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Interims noted revenues up 62% year-on-year reflecting the first contribution from CRH assets in March, while EBITDA rose 82% to £100m, ahead of budget. Conditions remain patchy with demand for infrastructure building work and water purification strong, offset by headwinds in residential construction and automotive (impacting demand for steel). However the transformational acquisition of CRH assets is progressing well; deal one (Germany, Czech and Ireland) is fully integrated, Deal 2 (UK) is ahead of schedule and Deal 3 (Poland) is expected to complete end August. Synergies targeting €30m-60m are on track and will improve profitability with EBIT margins forecast by Zeus to increase from 14.5% last year to 15.9% in ’25 and 16.5% i ...

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SigmaRoc - EBITDA “ahead of budget”

September 2024

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