Molins has reported its first quarter 2025 results. Net profit reached EUR48m, six per cent lower than the same period of the previous year. This decrease is mainly due to the unfavourable effect of the depreciation of the Mexican currency, which offset the improvement in operating and financial results.
The company achieved a first quarter revenue of EUR327m, three per cent less than the same period of previous year, also affected by the depreciation of the Mexican and Argentinian currencies. Nevertheless, sales at constant currencies have increased by six per cent compared to the previous year, driven mainly by higher selling prices in a context of slowing markets and high global economic uncertainty due to tightening tariff policies. In addition, heavy rains in Spain and Argentina have affected the construction activity during the month of March.
EBITDA reached EUR87m, three per cent lower than the previous year. However, in constant currencies, EBITDA increased by nine per cent driven by operating efficiencies and the net contribution of selling prices over costs, highlighting the increase of the businesses in Europe and South America. The EBITDA margin was 26.7 per cent, slightly lower than the first quarter of previous year, while the annualised margin remained at 26 per cent.
The net financial debt decreased slightly during the first quarter, reaching a net cash balance of EUR102m. This financial strength continues to be an important lever to develop new growth opportunities and to execute the investments foreseen in the Sustainability Roadmap 2030.
“During this first quarter 2025, we have demonstrated the strength of our operating model in a global environment characterised by significant uncertainty and currency volatility”, explains Marcos Cela, CEO of Molins. “Despite these challenges, our operations have shown positive growth, supported by efficient management and the adaptability of our entire team.”
“We continue to make progress on our strategic roadmap, with a clear focus on efficiency, sustainability and long-term value creation. This performance reflects the commitment of the people who make up Molins and our shared vision to decisively face the challenges of the present and the future,” adds Mr Cela.
