Building materials maker Cementir's 9M revenue rises on higher volumes

Overview

• Cement producer's nine-month revenue rose 2.3% year-over-year, aggregates volumes increased by 6.7%

• Adjusted EBITDA for nine months fell 2% to EUR 278.2 mln

• Company confirmed its 2026 financial guidance

Outlook

• Cementir reaffirms full-year 2026 guidance

Result Drivers

• ADVERSE WEATHER - Co said results were affected by adverse weather in Europe and Türkiye

• VOLUME SHIFTS - Cement and concrete volumes declined, while aggregates volumes rose

• HIGHER OPERATING COSTS - Operating costs rose 0.8% year-over-year

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the construction materials peer group is "buy"

• Wall Street's median 12-month price target for Cementir Holding NV is €16.00, about 6.8% above its November 4 closing price of €14.98

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Reuters Recommended Reads

• Nov 5 - Sweden's Skanska Q3 revenue beats on construction segment growth

• Nov 4 - Eagle Materials Q2 revenue beats estimates, helped by public infrastructure demand

• Nov 4 - Martin Marietta Q3 revenue beats estimates but profit misses on inflationary pressure

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)