“The beginning of the year 2021 was marked by a high demand for masonry materials so that Cemacon’s sales results were the highest so far being limited only by the available stock. Quarterly profitability is significantly influenced by the delay in EUA certificate allocations, which is likely to happen in the second quarter. Also, the second part of the quarter showed a trend of significant increase in purchase prices for energy and some relevant raw materials. In March 2021, against the background of a very high liquidity, we decided to repay in full Cemacon loans so that, at this moment, the company operates without bank debts. The investment projects have advanced at a fast pace, the most important of them being in the final implementation phase, within the target term”, said Liviu Stoleru, general manager of Cemacon.
“The outlook for the current year is strongly positive, and the assumed budgetary objective reflects this optimism, the results after the first quarter placing us comfortably compared to what we expected”, Stoleru also said.
Cemacon Cluj, which has a market value of RON250 million, is 73.3% held by the Paval brothers, the owners of DIY retailer Dedeman, and 16.7% owned by PIF industrial.