Hoffmann Green: down after half-year results

(CercleFinance.com) - Hoffmann Green Cement Technologies is down 4% following the publication of net income of -5.
2 million euros, current operating income of -5.0 million and EBITDA of -3.1 million for the first half of 2024.

Sales almost doubled (+95.7%) to 3.3 million euros, thanks to accelerated international development, the invoicing of an entry fee to the American partner and higher cement sales volumes.

Hoffmann Green confirms its targets of breakeven EBITDA by 2024, positive current operating income from 2025 onwards, and sales of 130 million euros and an EBITDA margin of around 40% by 2026.

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