Spain 
Croatia 
Turkey 
Portugal 
Bosnia 
Argentina 
Mexico 
Colombia 
Uruguay 
Bolivia 
Bangladesh 
Tunisia 
Note of press
Molins delivers a solid performance in the first nine months of the year
Contact
comunicacion@molins.esThe company reports an increase of results in most regions in a global environment of great complexity and uncertainty.
Molins announced today its financial results for the first nine months of 2024, a period highlighted by markets slowdown, albeit different across regions, amplified during the third quarter by adverse weather conditions and political and social instability in few countries.
Molins reached revenues of €1,022 million, 5% lower than the first nine months of the previous year, due to the negative impact of lower volumes and currency fluctuations, offset partly by the positive impact of selling prices. In this sense, the business in Argentina has had special relevance due to the decline in activity linked to the economic situation of the country and the significant devaluation of the currency in the fourth quarter of the previous year.
EBITDA achieved €274 million, a 1% decrease compared to the same period of previous year, highlighting the contribution of the businesses in Europe, Mexico and North of Africa. The net contribution of selling prices over costs and the positive impact of efficiency plans have offset most of the unfavourable impact of lower volumes and currency fluctuations. The EBITDA Margin rose by 110 bps, reaching 26.9%.
However, Molins closed the first nine months with a net profit amounting to €153 million, 23% higher than the same period of the previous year. This increase has been driven mainly by the improvement in the financial result and the lower negative impact of the hyperinflation adjustment.
Regarding net financial debt, the strong cash generation continues, reaching a net cash balance of €72 million. This financial strength is an important lever to develop new growth opportunities and to execute the investments foreseen in the Sustainability Roadmap 2030.