Page 59 - Sigmaroc Annual-Report 2023

Financial metrics
2023
2022
Change
2023
2022
Change
£142.3m
£139.5m
+2%
£142.3m
£139.5m
+2%
£28.5m
£28.3m
£31.6m
£30.0m
+5%
20.3%
+1%
20.0%
-30bps
22.2%
21.5%
+70bps
Sales volume metrics
2023
2022
Change
3.1m
3.3m
-6%
3.0k
3.2k
-6%
Operational metrics
2023
2022
Change
676
669
+1%
185.5m
188.5m
-2%
37
35
+6%
MICHAEL CRUMP
MD OF NORTH WEST AND FD OF PPG
Michael joined SigmaRoc in 2019 and is currently Finance Director for the North West Region and the PPG Platform. In these roles Michael is responsible for transforming the financial processes from legacy systems to an integrated group structure. Furthermore, Michael has led the development of financial analysis and reporting to support the investment and growth of the businesses.
Michael began his career in audit, initially in Australia and later in the UK with BDO. After qualifying he spent a number of years in various finance roles within Jaguar Land Rover. Michael holds a Bachelor of Commerce from Griffith University, Australia and is a member of The Institute of Chartered Accountants in England & Wales.
Key metrics for the North West Region during the year were as follows:
Statutory Results
Underlying Results
59
Revenue EBITDA EBITDA margin
Construction mineral (tonnes) Dimension stone (m3)
People
Reserves and Resources (tonnes) Sites
Reported revenue and underlying EBITDA were both up YoY in 2023, reflecting the impact of the acquisitions of Rightcast and Retaining, together with organic improvement in the underlying businesses.
Construction mineral volumes were down as a result of JQG, CCP and Allen. JQG endured delays in infrastructure project work, which impacted quarry performance, while CCP and Allen have relatively large exposure to UK residential construction.
It is testament to the quality of the management teams in the North West that they were able once again to increase earnings while experiencing softening volumes.