“On this market, players had to find solutions of rapid adaptation to a demand that shrank by more than 30% in 2023. The fight for the few real estate projects that started last year was tight and knowing the market and adaptation to the new context were critical for success,” says Daniel Sologon, Cemacon CEO.
The company ended 2023 with 330 employees, up 20% against 2022. The increase also came amid the purchase of ceramic block plant Euro Caramida and the opening of a new plant in Salaj.
In terms of turnover, Daniel Sologon says the results were “very good”.
Cemacon plans new investments in alternative energy sources and energy efficiency, but also in other projects. “We’re mulling tapping into some foreign markets. The product portfolio will be improved”.
Cemacon has a RON397 million capitalization. In the first nine months of 2023, it posted RON130 net turnover, down 27% year-on-year. EBITDA dropped by 44%, to RON46.7 million, while net profit reached RON36.3 million, down 41%.
(English version by Catalina Apostoiu)