SigmaRoc, the U.K. construction-materials company, has announced its financial results for the third quarter of the year, expressing confidence in achieving its full-year targets.
Revenue Growth and Positive Pricing Drive Performance
In Q3, SigmaRoc experienced a 7% increase in revenue on a like-for-like basis, reaching £435.9 million ($531.1 million). This growth was primarily fueled by strong performances in most markets and favorable pricing.
Demand Fluctuations Impacted Volume
Despite the overall revenue growth, group volumes dipped by 4% due to softer demand in the residential construction sector. However, this decline was partially mitigated by resilient conditions in the infrastructure and industrial mineral markets.
Earnings Boosted by Margin Expansion
Underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) saw an impressive 11% rise to £87.1 million on a like-for-like basis. This increase can largely be attributed to a higher EBITDA margin of 20%, up from 19.5% the previous year.
Positive Outlook for Full-Year Performance
SigmaRoc confidently maintains its expectations for full-year performance, aligning with market consensus. Analysts compiled by the company forecast revenue of £596.9 million and underlying EBITDA of £110.2 million.