|
SigmaRoc PLC on Thursday reported earnings for the first half of 2025 ahead of expectations, but left full-year guidance unchanged. The London-based limestone and minerals company said revenue from continuing operations for the six months to June 30 was £510 million, rising 13% from £450 million the year before. Underlying earnings before interest, tax, depreciation and amortisation for continuing operations in the first half grew 22% to £118 million from £97 million, while its underlying Ebitda margin improved to 23.1% from 21.6%. The company anticipates reporting earnings per share for continuing operations at 4.6 pence, up 44% on-year from 3.2p. SigmaRoc said its ‘market diversification’ supported its growth in earnings for the first half, despite a ‘challenging macroeconomic backdrop’. On a like-for-like basis, however, reduced volumes led to a 1% revenue decline. The company was hurt by customer-specific logistics issues in Central Europe, a weather-related delay to the agricultural season, plus ‘continued softness’ in some residential construction and steel markets. Nonetheless, SigmaRoc remains ‘confident’ in delivering full-year market expectations. It cited a company-compiled market consensus for revenue of £1.07 billion, underlying Ebitda of £251 million and earnings per share of 9.1 pence. The firm reported £997.6 million in revenue for 2024, alongside underlying Ebitda of £224.6 million and EPS of 8.35p. ‘The group has performed well, delivering solid results against a challenging backdrop. Market recovery - whether from German stimulus or improved sentiment - has yet to materialise, particularly in residential construction. Weather disruptions and customer shutdowns have kept volume trends broadly unchanged from Q1, with additional customer specific challenges also impacting performance. Strong regional performance in the UK, Ireland, the Nordics, and Poland are encouraging, while Germany remains subdued,’ said Chief Executive Officer Max Vermorken. ‘Following a robust first half, we enter our seasonally stronger half with cautious optimism. We remain focused on driving forward our strategic priorities, supported by improvements in market conditions.’ SigmaRoc will release its half-year results in September. Shares in SigmaRoc were down 0.2% at 112.60 pence in London on Thursday afternoon. The stock has risen 67% over the past year. Copyright 2025 Alliance News Ltd. All Rights Reserved.
|
