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The holding firm that controls Navigator and Cecil noticed a slight enhance in EBITDA in comparison with the identical interval final yr, however this was not sufficient to offset the decline in monetary efficiency and elevated amortization.
Semapa’s web revenue attributable to shareholders within the first quarter of this yr was €48.2 million, down 15.4% in comparison with €57 million in the identical interval final yr, the group mentioned in a press release to CMVM.
The holding firm that controls Navigator and Cecil justifies its outcomes by saying “EBITDA.” [lucros antes de juros, impostos, depreciações e amortizações] “We have been unable to compensate for the decline in our monetary outcomes and elevated amortization for the yr.”
EBITDA reached 170.7 million euros, simply above the document of 166.8 million euros a yr in the past. Of these, income generated by Navigator elevated by 2% to €133.3 million, and by Secil by 8.3% to €34.8 million. Already, different corporations, together with Triangle’s, have donated €1.4 million. For the pulp and paper business, “outcomes benefited from elevated volumes and constructive adjustments in variable prices,” however “value financial savings didn’t absolutely compensate for adjustments in promoting costs.”
In the cement sector, “the constructive improvement in EBITDA got here from the very constructive contribution of Portuguese and Brazilian corporations, which helped offset the much less constructive efficiency of Tunisian and Lebanese corporations.”
Consolidated EBITDA margin was 23.9%, 0.8 proportion factors decrease than the identical interval final yr.
The consolidated gross sales of the group led by Ricardo Pires have been 715.2 million euros, a rise of 5.9% in comparison with the 675.2 million euros achieved in January-March final yr. The lion’s share was the Navigator, which bought 536.4 million items, up 7% from a yr in the past. Both paper (+9.1%) and tissue (+41.4%) companies confirmed important will increase. Secil earned $163.2 million, up 2.4%.
A good portion of manufacturing (75.2%) was exported, amounting to EUR 537.6 million.
Consolidated web interest-bearing debt amounted to €973.5 million, “a lower of €38.5 million in comparison with the tip of 2023.”
Investment in fastened property amounted to €71.1 million in comparison with €60.6 million in the identical interval final yr.
