Unaudited Annual Report of Cinkarna Celje, d.d. for the Year 2024
05. 03. 2025
Filling type: Financial report
In accordance with the applicable legislation CINKARNA Celje, d. d., Kidričeva ulica 26, 3000 Celje, hereby publishes 2024 Unaudited Annual Report.
In 2024, we boosted sales by 13%, driven primarily by higher volumes and prices of titanium dioxide pigment. Demand improved in the second quarter, largely due to the anticipated introduction of provisional anti-dumping measures, which prompted European buyers to reassess their sourcing strategies. The provisional measures, in place since the middle of last year, were replaced by permanent ones at the start of this year. These differ in methodology, with tariffs now set as fixed amounts rather than relative percentages. Additionally, the type of pigment used in printing inks was exempted from these measures. The impact of these changes on market conditions will become clearer in the quarters ahead.
Net profit reached EUR 23.1 million, an 82% increase compared to EUR 12.7 million achieved in 2023. Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR 39.6 million, representing 19.8% of total sales. Compared to the previous year, EBITDA rose by 58%.
The notice will be published on the Company's website from 5 March 2025 onwards, for a period of at least 5 years.