Page 24 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 STRATEGIC REPORT
2023 timeline of key events
JANUARY
Acquired Juuan Dolomitik for an effective multiple of 2.6 times recurring EBITDA. JD is a specialist supplier of high-quality dolomitic limestone used in the agricultural and environmental sectors to improve regulation of soil pH and water retention. JD’s operations are located close to the Group’s existing Finnish business and represent a valuable extension into dolomitic limestone.
MARCH
Publication of annual results for 2022 and notification of AGM to be held in April 2023. Notification that the Group had been successful in its claim to seek compensation from the Swedish state in respect of land use restrictions.
MAY
Court hearing held in relation to the Company’s capital reduction which was approved by Shareholders at the AGM in April 2023.
FEBRUARY
Acquired Goijens, a leading supplier of ready-mixed concrete and recycling solutions in Belgium, at an effective multiple of 5 times recurring EBITDA. The Group raised £30m to accelerate execution on a pipeline of acquisitions, disposals and investment projects across the Group, which had been assembled over the previous 12 months.
APRIL
Acquired Retaining, a leading manufacturer of specialty retaining wall systems, for an effective multiple of 2.9 times recurring average EBITDA. Retaining fits well with the PPG Platform, expanding its range of walling solutions, which already includes the patented Alfabloc, as well as extending PPG’s reach into the north of the UK.
AGM held and all resolutions passed. Publication of 2023 ESG report. Notification that the Swedish state appealed the March 2023 verdict relating to the Group’s successful claim and subsequently the Group also appealed.
JUNE
Successful launch of the Group’s first carbon capture facility at Nordkalk’s Köping site in Sweden. The fully scalable carbon capture system, utilising Aqualung’s innovative membrane technology, is the first-ever implementation of its kind in the industry.