Sharp increases in underlying revenue, EBITDA and pre-tax profit in unprecedented and challenging year
AIM listed buy-and-build construction materials group SigmaRoc plc have announced their audited full-year results for the 12 months ended 31 December 2020.
‘Underlying revenue was up 76.6% at £124.2 million (2019: £70.4 million), underlying EBITDA increased by 64.1% to £23.9 million (2019: £14.5 million) and underlying profit before tax rose 45.2% to £12.2 million (2019: £8.4 million).
David Barrett (pictured), executive chairman of SigmaRoc, commented: ‘In what proved to be a very challenging year, I am extremely proud that our business has performed so well, with our robust and agile business model delivering growth despite the unprecedented circumstances.
‘I am confident that we will continue on the road to further success, building on the solid foundations we have laid down during our first four years.’
SigmaRoc’s chief executive officer, Max Vermorken, added: ‘Looking forward, we continue to seek ways to invest, improve, integrate and innovate, and in the first quarter of 2021 we launched our cement free concrete building block – Greenbloc.
‘We also recently entered into an agreement with LafargeHolcim which will see an expansion of our aggregates operations in Belgium and, subsequent to that, we acquired two large-scale concrete suppliers in the Limburg area of Belgium.
‘I am excited for the future path of the Group and optimistic that with our great workforce and support of our investors, we can continue to further grow and achieve strong results in the months and years ahead.’
