Hoffmann Green Announces Improved 2023 Half-Year Results and Reviews Achievements and Outlook

Regulatory News:

Hoffmann Green Cement Technologies (ISIN: FR0013451044, Mnemo: ALHGR) ("Hoffmann Green Cement" or the "Company"), an industrial player committed to the decarbonation of the construction sector that designs and markets innovative clinker-free cements, announces its results for the first half of 2023. The Company's Supervisory Board met on September 15, 2023 and reviewed the accounts to June 30, 2023 approved by the Management Board.

Key elements of the Company’s consolidated half-year accounts

€ thousands - IFRS	At June 30, 2023	At June 30, 2022
Revenue	1,676	544
EBITDA	-3,648	-3,519
Recurring operating profit/loss (EBIT)	-5,133	-4,720
Financial profit/loss	270	-1,454
Tax	1,259	1,586
Net profit/loss	-3,606	-4,558
€ thousands - IFRS	At June 30, 2023	At June 30, 2022
Cash and cash equivalents	32,760	52,775
Shareholders' equity	71,245	76,895

Julien Blanchard and David Hoffmann, Co-founders of Hoffmann Green Cement Technologies, said: "In the first half of 2023, Hoffmann Green was able to significantly increased its cement sales volumes. Thanks to the daily work of all our teams, we are accelerating the marketing of our innovative clinker-free cement in a construction market in demand of truly carbon-free solutions. Considering the seasonality of our sales, we intend to intensify the transformation of our order book into sales during the second half of 2023. We are therefore confident of achieving our 2023 revenue target of marketing 24,000 tons of cement, representing revenue of more than €4.5 million.