Cinkarna Celje — Earnings Release 2024

Feb 6, 2025

Category: Inside information

Published on: SEOnet

Published at:  05.02.2025 08:15

Published document ID: INI-32/25

INI-31/25

CINKARNA CELJE, d.d., Celje

Preliminary Results for 2024

Based on the provisions of Article 26 of the Ljubljana Stock Exchange Rules, Article 158 of the Market in Financial Instruments Act, and Article 17 of Regulation (EU) No 596/2014, CINKARNA Celje, d.d. releases unaudited Preliminary FY 2024 results.

In 2024, we increased sales by 13%, driven primarily by higher sales volumes and prices of titanium dioxide pigment. Demand improved in the second quarter, mainly due to the announcement of the imposition of provisional anti-dumping measures, which encouraged European customers to review their sourcing strategies. Temporary measures, in force since the middle of last year, were replaced by permanent ones at the beginning of this year. These differ in methodology, as tariffs are now set as absolute amounts instead of relative ones. In addition, the type of pigment used in printing inks was excluded from the measures. The impact of these changes on the market situation will become more apparent in the coming quarters.

Net profit reached EUR 22.8 million, an increase of 80% compared to EUR 12.7 million in the previous year. Operating profit before depreciation and amortisation (EBITDA) reached EUR 39.3 million, representing 19.6% of total sales. Compared to the previous year, EBITDA increased by 57%.

The notice will be published on the Company's website (www.cinkarna.si) from 5 February 2025 onwards, for a period of at least 5 years.

Management board

Cinkarna Celje, d.d.

Date: 06.02.2025