(AOF) – Hoffmann Green Cement reported a turnover of 6 million euros in 2023 compared to 2.2 million euros a year earlier. The specialist engaged in the decarbonization of the construction sector which designs and markets innovative clinker-free cements revealed over the period an Ebitda of -5.2 million euros compared to -6.6 million and a net loss of 7.862 million euros. euros compared to -6.72 million euros last year.
Hoffmann Green’s workforce increased from 43 employees at the end of 2022 to 52 employees at the end of 2023 due to the strengthening of the sales and technical teams. Personnel costs increased by 700,000 over one year.
In terms of prospects, the company confirms its objectives for 2026: turnover of 130 million euros and EBITDA margin of 40%.
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Lack of visibility
The National Union of Quarry and Construction Materials Industries (Unicem) indicates that, after an initial decline in the second quarter, activity continues to deteriorate in the third quarter and records a decline as much in aggregates (-1.3 %) than on ready-mixed concrete (-0.9%). Over the first nine months of the year, the decline was 2% for the entire materials activity. Only tiles and bricks manage to show slight increases in activity.
The general outlook is deteriorating and recruitment difficulties and rising costs are the main sources of concern. Furthermore, Unicem highlights the difficulties in implementing the projects. Production of materials could decline this year by 3% for ready-mixed concrete (BPE) and 4% for aggregates.