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INI-632/24 CINKARNA CELJE, d.d., Celje Unaudited Business Report I.-IX. 2024, Summary of 2025 Business Plan and 2024 Performance Assessment and Summary of the Sustainability Strategy Pursuant to the provisions of the Rules of the Ljubljana Stock Exchange, d. d., Articles 124 and 130 of the Financial Instruments Market Act (ZTFI-1, Official Gazette of the Republic of Slovenia, No. 77/2018) and Articles 7 and 17 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation - MAR)
CINKARNA Celje, d.d., Kidričeva ulica 26, 3000 Celje hereby publishes:
- Unaudited Business Report I.-IX. 2024;
- Summary of 2025 Business Plan and 2024 Performance Assessment and
- Summary of the Sustainability Strategy.
Revenue Growth and Accelerated Steps Toward Sustainable Development At Cinkarna, we proudly continue our 150-year tradition of business excellence, achieving remarkable results in the first nine months of 2024. Our sales revenue has grown by 13% compared to the same period last year, with increased sales volumes of our core product, titanium dioxide pigment, and favorable market conditions positively impacting our performance. We reached €153.5 million in sales revenue, while EBITDA rose by 56%, reflecting effective cost optimization measures and productivity improvements. Net profit amounted to €14.6 million, representing a 103% increase compared to the same period last year.
Sustainable business practices remain our primary focus, and we are implementing several projects to reduce our carbon footprint, use renewable energy sources, and promote material reuse. Our comprehensive water management project and waste acid treatment contribute to long-term value and the circular economy. As part of our red gypsum valuation project, we also strive for responsible natural resource management.
In response to labor market challenges, we have developed a project to modernize our competency and pay model, allowing for a flexible reward structure to motivate key talent and support continued company growth.
In the first nine months of the year, we allocated €10.1 million to strategic investments in production and process optimization, directing funds toward projects that enhance energy efficiency, reduce costs, and improve regulatory compliance. Despite the challenges presented by the European macroeconomic environment, we steadfastly follow our strategic development plan, including new initiatives to reduce environmental impact and align with ESG standards.
Plan for 2025: €206.3 Million in Revenue and 16% EBITDA Margin
Considering current market conditions, titanium dioxide industry forecasts, and global macroeconomic projections, we anticipate slightly lower overall performance in the upcoming year.
Aligned with industry expectations and market cycles, we project €206.3 million in sales revenue for 2025, with a net profit of €15.3 million, reflecting the challenges of higher planned procurement costs and energy. The expected EBITDA margin is 16%.
To support our strategic objectives, we have earmarked €19.8 million for investments in 2025. These funds will be directed toward addressing program-specific needs, such as eliminating bottlenecks, improving energy efficiency, reducing environmental impacts, and enhancing workplace safety and health. The majority of these investments will focus on titanium dioxide production, ensuring our continued competitiveness and operational excellence.
Focused on a strategy of sustainable growth
We are committed to sustainable development, striving to reduce environmental impacts, manage resources responsibly, and uphold social responsibility. By 2030, we aim to reduce greenhouse gas emissions, improve energy efficiency, increase water recycling, and develop sustainable products that support the circular economy and reduce dependence on natural resources.
We provide a safe and encouraging work environment and social security for our employees while supporting local communities through infrastructure improvements and the promotion of social activities. We also engage them in decision-making through a consultative channel.
By fostering innovation in green technologies, implementing lean production, and educating our employees, we are building a future that aligns the growth of our company with sustainability and transparency.
The publication will also be available on the company's website www.cinkarna.si from 29 November 2024 onwards, for a period of at least 5 years. Management Board of Cinkarna Celje, d.d.
Date: 29.11.2024
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