Board of Directors approves consolidated results as of 30 June 2022
- Revenue: EUR 811 million, +22% on 664.5 million in the first half 2021. Excluding IAS 29 effect, Revenue reached EUR 805.2 million (+21.2% on 2021)
- EBITDA: EUR 143.8 million, +7.7% on EUR 133.5 million in the first half 2021. Excluding IAS 29 effect, EBITDA reached EUR 154.7 million (+15.9% on 2021)
- Group net profit: EUR 66.6 million, +39.1% on EUR 47.9 million in the first half 2021. Excluding IAS 29 effect, Group net profit reached EUR 71million (+48.3% on 2021)
- Net financial debt: EUR 79.5 million (EUR 137.6 million at 30 June 2021)
Rome, 27 July 2022 – The Board of Directors of Cementir Holding N.V. today examined and approved the consolidated unaudited results for the first half and the second quarter of 2022.
As of June 2022, the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29-Financial Reporting in Hyperinflationary Economies”. For the purpose of IAS 29 application, reference should be made to the relevant paragraph. The impacts of hyperinflation on the income statement of the first half of 2022 as well as on the statement of financial position as at June 30th, 2022 are shown in the Annex.