• Economic highlights*
    [Euro ‘000]20232023 (Non-GAAP)20222022 (Non-GAAP)20212020201920182017
    Revenue from sales
    and services
    1,694,2471,694,6381,723,1031,720,8711,359,9761,224,7931,211,8281,196,1861,140,006
    EBITDA411,122421,873335,250336,293310,952263,740263,794238,504222,697
    EBITDA
    Margin %
    24.3%24.9%19.5%19.5%22.9%21.5%21.8%19.9%19.5%
    EBIT278,329299,231204,422214,749197,783157,173151,743153,213140,565
    EBIT Margin %16.4%17.7%11.9%12.5%14.5%12.8%12.5%12.8%12.3%
    Net financial income
    (expense)
    12,38116,53032,01211,980(25,797)(14,615)(25,095)31,422(13,912)
    Profit before taxes290,710315,761236,434226,728171,986142,558126,648184,635126,653
    Income taxes(75,218)(78,673)(54,877)(46,833)(48,992)(33,195)(36,219)(35,866)(16,393)
    Profit from
    continuing operations
    215,492237,088181,557179,895122,995109,36390,429148,769110,260
    Profit margin %12.7%14.0%10.5%10.5%9.0%8.9%7.5%12.4%9.7%
    Profi (loss) from
    discontinued
    operations
    ------ (13,109)(33,094)
    Profit for the year215,492237,088181,557179,895122,995109,36390,429135,66077,166
    Profit attributable to the owners of the parent201,364223,322162,286161,203113,316102,00883,569127,19871,471
    Profit margin %11.9%13.2%9.4%9.4%8.3%8.3%6.9%10.6%6.3%


    * From April 2022 the Turkish economy is considered hyperinflationary according to the criteria set out in “IAS 29 - Financial Reporting in Hyperinflationary Economies”. Non-GAAP figures exclude both the impact of the application of IAS 29 and the re-valuation of non-industrial property in Türkiye.

  • Financial highlights
    [Euro ‘000]2023202220212020201920182017
    Net capital employed1,433,2231,427,2721,267,9321,305,1421,421,1961,383,7991,558,929
    Total assets2,522,1942,493,9762,111,0582,232,3792,266,0942,132,2232,357,329
    Total equity1,650,8331,522,7731,227,5571,182,9621,181,5671,128,3841,015,658
    Equity attributable to the owners of the parent1,503,0641,368,1831,088,1281,056,7091,044,627997,146956,188
    Net financial debt (Net cash)(217,610)(95,501)40,375122,181239,629255,415543,271

     

  • Profitability and financial structure ratios
     2023202220212020201920182017
    Return on equity(a)13.1%11,9%10.0%9.2%7.7%13.2%10.9%
    Return on capital employed(b)19.4%14,3%15.6%12.0%10.7%11.1%9.0%
    Equity ratio(c)64.9%60,3%57.7%52.7%51.8%52.5%42.8%
    Net gearing ratio(d)-13.3%-6.4%3.3%10.4%20.4%22.8%53.8%
    Net financial debt / EBITDA-0.5x-0.3x0.1x0.5x0.9x1.1x2.4x

    (a) Profit from continuing operations/ Total equity
    (b) EBIT / Net capital employed
    (c) Adjusted equity / Total assets
    (d) Net financial debt / Adjusted equity

  • Employees and investments
     2023202220212020201920182017
    Number of employees (at 31 Dec.)3,0453,0853,0832,9953,0423,0833,021
    Acquisitions (Eur million)4.2-3.8---223          7.5
    Investments (Eur million)147.9(e)122.6(e)99.1(e)85.9(e)88.4(e)66.785.9


    (e) Including investments accounted for in accordance with IFRS.

  • Volumes sold
    ('000)2023202220212020201920182017
    Grey and white cement (metric tons)10,67410,84911,15610,7129, 4899,82810,282
    Ready-mixed concrete (m3)4,2664,7985,0934,4354, 1164,9214,948
    Aggregates (t)9,40110,46211,05210,2229, 7109,9539,335

     

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