Hoffmann Green Cement widens its losses in 2023


(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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