July 25, 2024 | Malvern, Pennsylvania United States

First-Half 2024 Sales Results

First-Half 2024 Sales Results

  • Record operating margin of 11.7%
  • Sequential improvement in volumes
  • Positive price-cost spread with prices stable sequentially
  • Three strategic acquisitions focused on profitable growth: CSR, Bailey and FOSROC, together adding around €2bn to full-year sales and around €450m in EBITDA (including €100m of synergies in year 3)
  • More than 2/3 of the Group’s pro forma operating income is now generated in high-growth geographies: North America, Asia and emerging countries
  • Strong free cash flow generation of €2.5bn, with a cash conversion ratio of 75%
  • Double-digit operating margin expected for H2 and full-year 2024, for the fourth consecutive year

View the complete Press Release here

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