Hoffmann Green Reports Robust Half-Year Revenue Growth and Continues Executing Its Strategic Roadmap

Regulatory News:

Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: 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 2024 half-year results. The Company's Supervisory Board met on September 13, 2024 to review the financial statements for the year ended June 30, 2024, as approved by the Executive Board.

€ thousand – IFRS

At June 30, 2024

At June 30, 2023

Revenue

3,280

1,676

EBITDA

-3,094

-3,648

Recurring operating profit/loss (EBIT)

-5,033

-5,133

Financial profit/loss

-37

270

Tax

-96

1,259

Net profit/loss

-5,190

-3,606

 

 

 

€ thousand – IFRS

At June 30, 2024

At June 30, 2023

Cash and cash equivalents (including placements)

25,034

42,001

Shareholders’ equity

67,035

74,693

Julien Blanchard and David Hoffmann, co-founders of Hoffmann Green Cement Technologies, said: “The first half of 2024 was marked by Hoffmann Green's ongoing business development, highlighted by the signing of significant new partnerships with industry leaders. In response to the ongoing slowdown in France's new housing construction sector, the company has diversified its focus toward high-value markets, including renewable energy, waste treatment, and B2C retail. These growth drivers in expanding sectors position Hoffmann Green to face the future with confidence. We are highly satisfied with our international progress, having initiated the construction of the H-KSA 1 unit in Saudi Arabia and secured a significant 30-year exclusive licensing agreement in the United States. The doubling of our revenue, coupled with tight cost control, has led to a significant improvement in EBITDA, which is on track to reach breakeven in 2024. In light of these strong commercial and financial achievements, we reaffirm all of our short- and medium-term financial guidance.”