Molins reports a strong performance and record results in 2024

Molins achieved sales of € 1,365 million, 1% higher than in the previous year, although decreasing volumes in connection with the gradual slowdown of the markets in the third and fourth quarter due to political and social instability in some markets and the unfavorable effects of currency fluctuations that were completed the positive effects of the sales prices. In this regard, the Argentine market was particularly relevant if the decline in activity in connection with the economic environment of the country and the strong currency devaluation in the fourth quarter of the previous year, which gradually recovered in the second year, gradually recovered.

The EBITDA reached 356 million euros, an increase of 6% compared to the previous year, with the increase in companies in Europe, South America and North Africa. The business in Mexico continues to make the biggest contribution to Molin's results. The net contribution of sales prices about the costs and operational efficiency have compensated for the unfavorable effects of lower volume and currency fluctuations. The EBITDA margin rose by 110 basis points and reached 26.1%.

The result achieved by Molin is increased in one year in which the company has made considerable investments and has reached € 98 million, which has been reached by an increase of 31%. In particular, 70% investments were maintained that prioritized sustainability, digitization and efficiency, and 30% were growth investments. Nevertheless, the strong generation of money continues and increases the net balance to € 91 million. This financial strength is an important lever to develop new growth opportunities and to carry out the investments provided for in the sustainability roadmap 2030.

“In 2024 we achieved a solid operating performance that drives the determination in our strategy in a year, which is characterized by the materialization of important investments. In this context, we made firm progress in our commitment to decarbonization and made considerable progress in our main indicators by consolidating a responsible and efficient business model, ”explains Marcos Cela, CEO of Molins. “This performance shows our ability to convert challenges into opportunities and is the result of the talent and the commitment of the entire team of experts at Molin,” adds Cela.

Sustainability Roadmap 2030

In 2024, the company continued to set the goals defined in the sustainability pillars of health and security, energy and climate change, round economy, environment and nature as well as social responsibility for companies in the future. Thanks to this roadmap, Molins will reduce its emissions by at least 20%by 2030, whereby the final obligation to supply carbon neutral concrete until 2050 together with Enagás has announced the Mosusol Netco₂ Project, a pioneer in the transition to sustainable industrial operations through advanced technologies for CO2 recording, storage and use (CCUS) with a state -of -the -art CO₂ Transport infrastructure. The goal of the project that provides for an investment of CA. € 590 million should record one million tons of CO₂ Plant (Barcelona) every year in Sant Vicenç del Horts, including the biogenic part, which is transported by pipeline to subsequent storage and potential use to produce green fuels. The project will be submitted to the next call of the EU Financing Program “Innovation Fund”.

Improvement of the shareholders remuneration

In addition, the Board of Directors has decided to approve an annual dividend of € 1.11 per share at the next annual general meeting, 21% higher than in the previous year, which corresponds to a dividend distribution of 40% and a dividend yield of 4.3%. In view of the preliminary dividend that was distributed last December, the additional dividend would be € 0.56 per share, subject to the approval of the annual general meeting in July 2025. This decision is the obligation of Molins to improve the shareholders.

Outlook 2025

Molins expects a gradual recovery of activities in most countries affected by the economic crises and political and social instability. In this environment, Molins provides for a low-single EBITDA growth based on the cost efficiency and management of sales prices to compensate for inflation, and the unfavorable effects of currency volatility, depending on the effects that the tightening of tariff policy can have on the economy.

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