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Investing.com -- SigmaRoc PLC shares climbed 4% after the construction materials company reported stronger earnings despite continued revenue challenges in its third-quarter update.
The company revealed that its nine-month revenue decreased 1% on a pro-forma basis, continuing the same trend observed in the first half of the year. However, SigmaRoc managed to deliver 5% stronger EBITDA through successful synergy implementation and cost discipline measures, outperforming the 2% EBITDA growth seen in the first half.
Management indicated they expect no market improvement in the fourth quarter but expressed confidence in meeting consensus expectations for fiscal year 2025. The company highlighted emerging positive signs in Belgian and German residential markets, noting that German stimulus measures are anticipated to boost volumes starting in fiscal year 2026.
The construction materials provider has demonstrated resilience in challenging market conditions, effectively offsetting demand weakness through operational efficiency initiatives. This approach has allowed SigmaRoc to improve profitability metrics despite the ongoing revenue pressure across its markets.
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