Prairie Materials’ Post

Today, we have released our 2024 financial results! 🎯 We ended last year with a record-high in annual operating results and margin growth, supported by our geographic and product diversification. Our global net revenue in the year totaled R$26.6 billion, on par with 2023, excluding changes in foreign exchange rates. This is primarily a result of our positive performance in European and Asian countries and stability in Brazil. Our cement sales volume in 2024 totaled 35.4 million tonnes, up 1% compared to the previous year. Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) was R$6.5 billion, a record high for the second consecutive year and up 9% compared to 2023, in local currency. The improvement in operating results can be attributed to our balanced portfolio (especially in our operations in Europe and Asia), operational efficiency combined with lower variable costs in most regions, and the positive impact of new businesses, in addition to gains resulting from the sale of non-strategic assets in North America and Uruguay. The EBITDA margin in the year was 24%, 2 percentage points higher than 2023. In 2024, our investments (Capex) totaled R$3.2 billion, up 38% compared to 2023. This increase is in line with our global strategy of investments in decarbonization, competitiveness, and new businesses. Regarding the R$5 billion investment plan announced in early 2024 to strengthen our operations in Brazil, R$1.9 billion is already being executed, including a comprehensive program of structural growth and competitiveness through 2028. We continued to advance our program of modernization, competitiveness, and acceleration of new businesses, as well as the implementation of our decarbonization and sustainability strategy, aligned with our 2030 public commitments. 💙 ➝ For more details on our 2024 financial results please visit our Investor Relations website: https://lnkd.in/ddDzfJav #VotorantimCimentos #FinancialResults #4Q24 #IR #InvestorRelations