Hoffmann Green provides an update on its activities and publishes its 2022 annual results

Regulatory News:

Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR) (“Hoffmann Green Cement” or the “Company”), an industrial player committed to decarbonizing the construction sector that designs and distributes innovative clinker-free cement, provides an update on its activities and announces its 2022 annual results. The Supervisory Board of the Company met on March 24, 2023 and reviewed the 2022 financial statements approved by the Management Board. The audit procedures have been carried out and the audit report on the certification is being issued.

Key elements of the Company’s consolidated annual accounts

€ thousands - IFRS	FY 2022	FY 2021
Revenue	2,219	2,380
EBITDA	-6,617	-5,228
Recurring operating profit/loss (EBIT)	-9,358	-7,360
Financial profit/loss	-1,111	131
Tax	2,626	1,663
Net profit/loss	-6,739	-5,562
€ thousands - IFRS	At Dec. 31, 2022	At Dec. 31, 2021
Cash and cash equivalents	30,247	56,704
Shareholders’ equity	74,693	81,399

Julien Blanchard and David Hoffmann, co-founders of Hoffmann Green Cement Technologies, commented: "In an unprecedented market environment where the construction sector has been strongly impacted by inflation, Hoffmann Green has achieved a growth of nearly 19% in its cement volumes sold over 2022. The activity intensified during the second half of the year thanks to greater price competitiveness on some projects and a growing attractiveness of carbon-free solutions. Indeed, we are seeing more and more initiatives, particularly from traditional players, to meet the significant demand for cleaner construction. This evolution of the market towards a more sustainable construction model confirms our company's pioneering position as a leader in the carbon transition of the cement industry. As a result, we have seen a real emulation of this trend, with a sharp increase in contract requests since July 2022, strengthening our order book, as well as a record number of projects over 2023, enabling us to turn this order book into revenue. At the same time, we are on track with our industrial plan both in terms of timing and budget. The acquisition of ABC Broyage and the commissioning of the concrete plant 4.0 have been finalised to partly internalise the processing of our raw materials and to develop concrete formulations based on Hoffmann clinker-free cement. In addition, the inauguration of our second H2 production site will take place in May 2023. On the strength of our recent achievements and the good market dynamics driven in particular by the 2020 Environmental Regulations (RE 2020), we are entering 2023 with increased confidence."