Construction materials producer Molins has released record results following a strong performance throughout 2024.
The company showcased its fourth quarter and full-year 2024 results which included a record level of €184 million, 22 per cent higher than the previous year and revenues of €1,365 million, 1 per cent higher than the previous year.
The EBITDA reached €356 million, an increase of 6 per cent compared to the previous year, highlighting the increase of the businesses in Europe, South America and North Africa. Molins’ business in Mexico is the largest contributor to its results. Throughout the year the company executed significant investments, reaching €98 million, a 31 per cent increase.
“In 2024, we achieved a solid operating performance, moving forward with determination in our strategy in a year marked by the materialization of important investments. In this context, we made a firm step forward in our commitment to decarbonisation, achieving significant progress in our main indicators by consolidating a responsible and efficient business model,” Molins chief executive officer Marcos Cela said.
“This performance shows our ability to transform challenges into opportunities and is the outcome of the talent and dedication of the entire team of professionals at Molins.”
In its outlook, Molins estimated a low single-digit EBITDA growth based on costs efficiency and management of selling prices to offset inflation and the unfavourable impact of currency volatility, subject to the impact that the tightening of the tariff policy may have on the economy.
