Resilient 2024 performance from SigmaRoc
Revenue, EBITDA, and earnings per share all significantly ahead despite tough market conditions
IN a trading update for the year ended 31 December 2024, SigmaRoc plc, the AIM-quoted buy-and-build heavy construction materials group, have reported a resilient financial performance despite challenging market conditions.
The Group’s total revenue reached £998 million (2023: £580 million), a 72% year-on-year increase, reflecting the contribution from its acquisitions. Underlying EBITDA increased 90% to £222 million (2023: £116.7 million) while underlying earnings per share – expected to be around 8.3p – is 10% ahead of consensus expectations and 3% ahead of the prior year.
SigmaRoc say their diversified model and broad-end market exposure remain key to the Group's delivery, with industrial mineral markets and infrastructure generally performing well, offsetting softer residential construction and steel markets.
Max Vermorken, chief executive officer of SigmaRoc, commented: ‘2024 was a transformational year for SigmaRoc. We completed the acquisition of CRH's lime assets, securing our position as one of Europe's leading lime and limestone businesses, and I would like to thank all our colleagues for their positive attitude and commitment at the start of a new journey.
‘We have delivered good results despite the challenging backdrop, and we are well-positioned for 2025. We have made the first steps on our divestment programme of non-core assets with the disposal of the Belgian ready-mix plants, with completion of the smaller French plants and earnout to follow.’
