Hoffmann Green reports robust half-year revenue growth and continues executing its strategic roadmap

Julien Blanchard and David Hoffmann, co-founders of Hoffmann Green Cement Technologies , said: “The first half of 2024 was marked by Hoffmann Green's ongoing business development, highlighted by the signing of significant new partnerships with industry leaders. In response to the ongoing slowdown in France's new housing construction sector, the company has diversified its focus toward high-value markets, including renewable energy, waste treatment, and B2C retail. These growth drivers in expanding sectors position Hoffmann Green to face the future with confidence. We are highly satisfied with our international progress, having initiated the construction of the H-KSA 1 unit in Saudi Arabia and secured a significant 30-year exclusive licensing agreement in the United States. The doubling of our revenue, coupled with tight cost control, has led to a significant improvement in EBITDA, which is on track to reach breakeven in 2024. In light of these strong commercial and financial achievements, we reaffirm all of our short- and medium-term financial guidance.”

H1 2024 highlights: increased volumes, a strengthened order book driven by new partnerships, international expansion, and recognition through CSR awards Higher sales volumes and stronger order book:

• Cement sales volume up +6.7% year-on-year to 7,833 t. Sales were mainly generated by H-UKR technology, and are mainly attributable to the execution of contracts in the order book.
• Order book increased to over 270,000 t, up by 10,000 t of cement over the first half of 2024. This increase is the result of strategic partnerships and order commitments on H-UKR and H-IONA technologies with key players in the sector:

 

• Signature of a partnership running until the end of 2027 with Groupe Trecobat, France's 4th largest builder of single-family homes;
• Strategic partnership with ViaVilla, a leading real estate company specializing in the construction of villas on the Atlantic coast;
• Signature of a key partnership to distribute Hoffmann decarbonized cements in 600 outlets of the LES MOUSQUETAIRES Group (Bricomarché, Bricorama, Brico Cash, Tridôme), marking the first B2C retail agreement in France;
• Extension of the partnership with Bouygues Immobilier, a key player in property development, for two years;
• Signing of a commercial partnership with Groupe Tartarin, a Vienne-based producer of a wide range of ready-to-use concretes;
• Extension of a 5-year distribution partnership with Groupe Ravate, a major player on Reunion Island and in the Indian Ocean;
• Partnership with the Polylogis Group and its subsidiary LogiOuest, social housing providers, for the recommendation and promotion of Hoffmann cement-based concretes for future housing programs in Loire Atlantique and Maine et Loire.

 

In a new housing construction market that remains in a slowdown, the Company has been able to diversify its business by penetrating new growth markets such as renewable energies. In June 2024, Hoffmann Green took part in a world first with the VALOREM Group: the pouring of the first wind turbine foundation made of 0% clinker decarbonized concrete.

In addition, building on the commercial dynamic of the first half of 2024, interest in Hoffmann Green's technologies continues unabated, as evidenced by the signing of additional strategic contracts.

The company has signed a partnership agreement with Béton Contrôle de l'Estuaire (BCE), an entity of the Duclos Group based in Charente-Maritime (17), which produces a wide range of ready-mix concrete, to provide Hoffmann Green Cement's 0% clinker cements to its network of concrete plants.

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Read the article online at: https://www.worldcement.com/the-americas/18092024/hoffmann-green-reports-robust-half-year-revenue-growth-and-continues-executing-its-strategic-roadmap/