„CEMACON’s financial results remain on an upward trend at the end of the 3rd quarter as well, despite pressures on the energy market and regional geopolitical instability. The management strategy that prioritized the energy independence of the company proves its feasibility in this complex context. We are still working on accessing renewable energies, being on schedule with the implementation of the “CEMACON Green Energy Farm” project, which provides for the construction of a photovoltaic plant with a power of 1,000 kWp, with the help of which, in correlation with the other investments already completed, it will be fully covered electricity consumption during the day at the Recea factory level, during the periods with appropriate solar energy,” stated Daniel Sologon, general manager of the company.
„At the level of the construction market, we see a maturing of demand and increasing expectations for comfort and energy efficiency on the part of the beneficiaries. We have been proactive in this regard and can respond to the market with the first integrated masonry solutions to meet nZEB standards,” added Sologon.
According to the company, the turnover increase is is due to a favorable market context felt especially in the first 6 months of the year. The variation of stocks registers higher values compared to the previous period, as a result of the gap between the quantities produced and those sold.
Expenditures for raw materials and materials, as well as operational expenses, registered an increase compared to the same period of 2021, from several perspectives; a general increase in purchase prices at market level, which all players felt and which had a direct impact on production costs and an increase in produced quantities compared to the similar period of 2021.
EBITDA went up by 53%, to RON83.5 million.
On September 30, the company’s net assets rose by 53% from the end of 2021, topping RON363 million.
Cemacon has a RON411 market capitalization. Its shares have lost 12% since the start of the year, amid RON4.2 million.
(English version by Catalina Apostoiu)