The latest announcement is out from SigmaRoc ( (GB:SRC) ).
SigmaRoc reported strong financial results for 2024, driven by strategic acquisitions of lime and limestone assets from CRH plc, which doubled the company’s size and diversified its operations. The company’s revenue increased by 72% to £997.6 million, and underlying EBITDA rose by 92% to £224.6 million, surpassing market expectations. The integration of these acquisitions has progressed well, with synergy programs delivering ahead of expectations, contributing to a robust financial performance. Additionally, SigmaRoc has made significant strides in ESG initiatives, including a 46% reduction in GHG emissions intensity and increased use of fossil-free electricity. Looking forward, the company remains focused on operational delivery and expects further synergies, while continuing to rationalize its non-core portfolio.
More about SigmaRoc
SigmaRoc is a construction materials company primarily focused on lime and limestone products. The company operates in the European market, with a diversified portfolio that includes industrial, environmental, food, and residential and infrastructure construction sectors.
YTD Price Performance: 31.94%
Average Trading Volume: 6,946,890
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: £1.06B
For detailed information about SRC stock, go to TipRanks’ Stock Analysis page.