(CercleFinance.com) – Revenue amounted to 997 million euros in the first quarter of 2023, up 0.9% compared to the previous year, at constant scope and exchange rates.
“Group sales volumes were down 12%, due to the impact of destocking, particularly in Europe, and weak construction markets following recent interest rate hikes,” management said. .
Current EBITDA margin was 15.1% in the first quarter, up from 14.8% in the fourth quarter of 2022 (1st quarter of 2022: 15.4%)
Current operating income stood at 105 million euros in the first quarter of 2023, up 14.6% compared to the first quarter of last year. Net income from continuing operations amounted to €68 million, or +12.2% compared to last year.
Net income, Group share amounted to €101 million. Net income from continuing operations, Group share, reached 62 million euros.