Cementos Molins (CMO) Q1 2025 earnings summary

Executive summary

• Q1 2025 results were resilient despite significant economic uncertainty and currency volatility, with market slowdowns from tariff policies and adverse weather in Spain and Argentina.

• Solid operational performance in Europe and South America, with growth in local currencies, offset challenges in other regions.

• Sales reached €327M, down 3% year-over-year (like-for-like +6%), with positive pricing offset by currency headwinds.

• EBITDA was €87M, down 3% year-over-year (like-for-like +9%), supported by operating efficiencies and pricing, but impacted by currency depreciation, especially in Mexico and Argentina.

• Net profit was €48M, down 6% year-over-year, reflecting operating results and lower financial expenses, offset by currency and hyperinflation effects.

Financial highlights

• Sales: €327M (-3% year-over-year, like-for-like +6%).

• EBITDA: €87M (-3% year-over-year, like-for-like +9%).

• EBITDA margin: 26.7%, stable versus Q1 2024.

• EBIT: €65M (-7% year-over-year, like-for-like +10%).

• Net profit: €48M (-6% year-over-year, like-for-like +12%).

• EPS: €0.73 (-6% year-over-year).

Outlook and guidance

• Gradual progress on the 2030 Sustainability Roadmap, targeting a 20% emissions reduction by 2030 and carbon-neutral concrete by 2050.

• Strategic focus remains on efficiency, sustainability, and long-term value creation.

• Order book for precast solutions continues to grow.