In 2022 we have had to live with high cost inflation and a very complex and uncertain market situation. These are the new territories that the aftermath of the pandemic has left us, along with the conflicts and geopolitical changes we are experiencing worldwide.
Sustainability and innovation have been the main themes this year as a good example of our priorities. Capturing and storing CO2, as well as the manufacture of products with a lower carbon footprint are key objectives to be achieved as described in our Roadmap 2023.
In economic terms, we managed to record positive results with a net profit of €112 million, 7% more than in 2021. Sales grew to €1.268m, an increase of 31%, and EBITDA rose to €276m, 14% more than the previous year.
Although the year seems complex and uncertain due to the global environment, we are facing 2023 with optimism based on the diversification of our business, products and services that we have been carrying out over the years.
On behalf of the Board of Directors of Cementos Molins, our thanks to shareholders, customers and suppliers, stakeholders in general and, most especially, to the more than 6,200 people who form part of Cementos Molins and who make it possible for the company that began almost 100 years ago to continue to grow.
In 2022 we have had to live with high cost inflation and a very complex and uncertain market situation. These are the new territories that the aftermath of the pandemic has left us, along with the conflicts and geopolitical changes we are experiencing worldwide.
Sustainability and innovation have been the main themes this year as a good example of our priorities. Capturing and storing CO2, as well as the manufacture of products with a lower carbon footprint are key objectives to be achieved as described in our Roadmap 2023.
In economic terms, we managed to record positive results with a net profit of €112 million, 7% more than in 2021. Sales grew to €1.268m, an increase of 31%, and EBITDA rose to €276m, 14% more than the previous year.
Although the year seems complex and uncertain due to the global environment, we are facing 2023 with optimism based on the diversification of our business, products and services that we have been carrying out over the years.
On behalf of the Board of Directors of Cementos Molins, our thanks to shareholders, customers and suppliers, stakeholders in general and, most especially, to the more than 6,200 people who form part of Cementos Molins and who make it possible for the company that began almost 100 years ago to continue to grow.
In 2022 we have had to live with high cost inflation and a very complex and uncertain market situation. These are the new territories that the aftermath of the pandemic has left us, along with the conflicts and geopolitical changes we are experiencing worldwide.
Sustainability and innovation have been the main themes this year as a good example of our priorities. Capturing and storing CO2, as well as the manufacture of products with a lower carbon footprint are key objectives to be achieved as described in our Roadmap 2023.
In economic terms, we managed to record positive results with a net profit of €112 million, 7% more than in 2021. Sales grew to €1.268m, an increase of 31%, and EBITDA rose to €276m, 14% more than the previous year.
Although the year seems complex and uncertain due to the global environment, we are facing 2023 with optimism based on the diversification of our business, products and services that we have been carrying out over the years.
On behalf of the Board of Directors of Cementos Molins, our thanks to shareholders, customers and suppliers, stakeholders in general and, most especially, to the more than 6,200 people who form part of Cementos Molins and who make it possible for the company that began almost 100 years ago to continue to grow.
With this 2022 Integrated Report we aim to further advance the implementation of the guidance set out in the International Integrated Reporting Council while continuing to drive industry best practices. We would also like to objectively and transparently communicate the progress made in the execution of the Cementos Molins strategy. These improvements have enabled us to achieve good operating and financial results, exceeding those of previous years and above the sector average. All of this is thanks to the commitment of our people, who have succeeded in exceeding our ambitious targets while generating a very positive impact throughout the value chain, underpinned by the company’s purpose and values.
Despite the highly complex and uncertain global economic and geopolitical environment, throughout 2022 we have provided further proof of the strength of our business model. Proof of this is that we have expanded our geographical exposure with milestones such as the launch of a new calcium aluminate cement plant project in the United States, our introduction to the concrete business in Colombia and the development of our new aggregates plant in Bangladesh. We have also been able to complete the integration of the major acquisitions carried out last year, such as Pretersa-Prenavisa, Calucem, as well as the acquisition of the aggregates and concrete business of Heidelberg Materials in Catalonia. In short, a new step forward that has enabled us to achieve the objectives of the 2020-2023 Strategic Plan one year ahead of schedule. It is worth highlighting that during this year, sustainability has been given absolute priority as a fundamental strategic objective of Cementos Molins. For this reason, in 2022 we officially launched the Sustainability Roadmap 2030. This document has become the roadmap to guide us day by day on our journey to reduce CO2 emissions by 20% by 2030 and deliver carbon neutral concrete by 2050, while prioritising the health and safety of our employees and driving the circular economy and the development of the communities and environments where we operate. This year, we have once again renewed Cementos Molins’ commitment to the United Nations Global Compact and its ten principles.
In order to continue to maintain profitable and sustainable growth that allows us to generate long-term value for all of our stakeholders, it is essential to strengthen our investment in innovation. For this reason, this year we have created the position of Chief Innovation Officer within the company’s Executive Committee, while simultaneously reinforcing the allocation of dedicated human and material resources. This new management role has overall responsibility for driving our innovation strategy forward by focusing on the development of new products and construction solutions with an increasingly lower environmental impact, the digitalization and innovation of all the company’s processes, finding new alternative raw materials and also promoting pilot projects to capture CO2 emissions by taking advantage of the new techniques available.
As CEO of Cementos Molins and on behalf of our more than 6,200 employees, I renew my absolute commitment to our company’s purpose: we want to boost social development and people’s quality of life by creating innovative and sustainable solutions for construction. I would also like to thank our partners and stakeholders for the trust they place in us each year. With your support, we will continue to work with maximum effort and enthusiasm for the sustainable growth of Cementos Molins.
With this 2022 Integrated Report we aim to further advance the implementation of the guidance set out in the International Integrated Reporting Council while continuing to drive industry best practices. We would also like to objectively and transparently communicate the progress made in the execution of the Cementos Molins strategy. These improvements have enabled us to achieve good operating and financial results, exceeding those of previous years and above the sector average. All of this is thanks to the commitment of our people, who have succeeded in exceeding our ambitious targets while generating a very positive impact throughout the value chain, underpinned by the company’s purpose and values.
Despite the highly complex and uncertain global economic and geopolitical environment, throughout 2022 we have provided further proof of the strength of our business model. Proof of this is that we have expanded our geographical exposure with milestones such as the launch of a new calcium aluminate cement plant project in the United States, our introduction to the concrete business in Colombia and the development of our new aggregates plant in Bangladesh. We have also been able to complete the integration of the major acquisitions carried out last year, such as Pretersa-Prenavisa, Calucem, as well as the acquisition of the aggregates and concrete business of Heidelberg Materials in Catalonia. In short, a new step forward that has enabled us to achieve the objectives of the 2020-2023 Strategic Plan one year ahead of schedule. It is worth highlighting that during this year, sustainability has been given absolute priority as a fundamental strategic objective of Cementos Molins. For this reason, in 2022 we officially launched the Sustainability Roadmap 2030. This document has become the roadmap to guide us day by day on our journey to reduce CO2 emissions by 20% by 2030 and deliver carbon neutral concrete by 2050, while prioritising the health and safety of our employees and driving the circular economy and the development of the communities and environments where we operate. This year, we have once again renewed Cementos Molins’ commitment to the United Nations Global Compact and its ten principles.
In order to continue to maintain profitable and sustainable growth that allows us to generate long-term value for all of our stakeholders, it is essential to strengthen our investment in innovation. For this reason, this year we have created the position of Chief Innovation Officer within the company’s Executive Committee, while simultaneously reinforcing the allocation of dedicated human and material resources. This new management role has overall responsibility for driving our innovation strategy forward by focusing on the development of new products and construction solutions with an increasingly lower environmental impact, the digitalization and innovation of all the company’s processes, finding new alternative raw materials and also promoting pilot projects to capture CO2 emissions by taking advantage of the new techniques available.
As CEO of Cementos Molins and on behalf of our more than 6,200 employees, I renew my absolute commitment to our company’s purpose: we want to boost social development and people’s quality of life by creating innovative and sustainable solutions for construction. I would also like to thank our partners and stakeholders for the trust they place in us each year. With your support, we will continue to work with maximum effort and enthusiasm for the sustainable growth of Cementos Molins.
With this 2022 Integrated Report we aim to further advance the implementation of the guidance set out in the International Integrated Reporting Council while continuing to drive industry best practices. We would also like to objectively and transparently communicate the progress made in the execution of the Cementos Molins strategy. These improvements have enabled us to achieve good operating and financial results, exceeding those of previous years and above the sector average. All of this is thanks to the commitment of our people, who have succeeded in exceeding our ambitious targets while generating a very positive impact throughout the value chain, underpinned by the company’s purpose and values.
Despite the highly complex and uncertain global economic and geopolitical environment, throughout 2022 we have provided further proof of the strength of our business model. Proof of this is that we have expanded our geographical exposure with milestones such as the launch of a new calcium aluminate cement plant project in the United States, our introduction to the concrete business in Colombia and the development of our new aggregates plant in Bangladesh. We have also been able to complete the integration of the major acquisitions carried out last year, such as Pretersa-Prenavisa, Calucem, as well as the acquisition of the aggregates and concrete business of Heidelberg Materials in Catalonia. In short, a new step forward that has enabled us to achieve the objectives of the 2020-2023 Strategic Plan one year ahead of schedule. It is worth highlighting that during this year, sustainability has been given absolute priority as a fundamental strategic objective of Cementos Molins. For this reason, in 2022 we officially launched the Sustainability Roadmap 2030. This document has become the roadmap to guide us day by day on our journey to reduce CO2 emissions by 20% by 2030 and deliver carbon neutral concrete by 2050, while prioritising the health and safety of our employees and driving the circular economy and the development of the communities and environments where we operate. This year, we have once again renewed Cementos Molins’ commitment to the United Nations Global Compact and its ten principles.
In order to continue to maintain profitable and sustainable growth that allows us to generate long-term value for all of our stakeholders, it is essential to strengthen our investment in innovation. For this reason, this year we have created the position of Chief Innovation Officer within the company’s Executive Committee, while simultaneously reinforcing the allocation of dedicated human and material resources. This new management role has overall responsibility for driving our innovation strategy forward by focusing on the development of new products and construction solutions with an increasingly lower environmental impact, the digitalization and innovation of all the company’s processes, finding new alternative raw materials and also promoting pilot projects to capture CO2 emissions by taking advantage of the new techniques available.
As CEO of Cementos Molins and on behalf of our more than 6,200 employees, I renew my absolute commitment to our company’s purpose: we want to boost social development and people’s quality of life by creating innovative and sustainable solutions for construction. I would also like to thank our partners and stakeholders for the trust they place in us each year. With your support, we will continue to work with maximum effort and enthusiasm for the sustainable growth of Cementos Molins.
