Page 74 - Sigmaroc Annual-Report 2023

SIGMAROC ANNUAL REPORT 2023 STRATEGIC REPORT
North East
The North East Region is anchored by Nordkalk, a leader in limestone-based products and solutions in Northern Europe. Nordkalk stands at the forefront of delivering vital raw materials to a multitude of industries, with a strong emphasis on sustainable and environmentally friendly solutions.
Its offerings play a pivotal role in enhancing air and water quality, as well as improving the productivity of agricultural land. Spanning over a century in operation, the region boasts over 800 employees and encompasses more than 40 sites across 10 countries.
Limestone, a cornerstone material for Nordkalk, is integral to a wide array of products and industries, including construction, agriculture, environmental protection, chemicals, metals & mining and pulp & paper. Constantly innovating, Nordkalk has expanded beyond its traditional
market segments, exploring new applications and ventures. A significant focus is placed on the circular economy, with such products currently accounting for 12% of Nordkalk's sales volumes — a figure the Company is committed to increasing. Moreover, Nordkalk has a longstanding tradition of utilising by-products efficiently, achieving over 90% material efficiency, a number that continues to grow.
Key metrics for the North East Region during the year were as follows:
Underlying Results
Statutory Results
Financial metrics
2023
2022
Change
2023
2022
Change
€390.4m
€365.3m
+7%
€390.4m
€365.3m
+7%
€81.7m
€72.1m
+13%
€83.8m
€72.5m
+16%
21.3%
19.7%
+160bps
21.5%
19.8%
+170bps
Revenue EBITDA EBITDA margin
Industrial mineral (tonnes) Construction mineral (tonnes)
People
Reserves and Resources (tonnes) Sites
Sales volume metrics
2023
2022
Change
2.9m
3.2m
11.0m
-9%
11.1m
-1%
Operational metrics
2023
2022
Change
880
827
+6%
1,150.4m
1,142.0m
+1%
51
43
+19%
The acquisitions of Juuan Dolomitik in Finland, Björka Minerals in Sweden and ST Investicija in Lithuania contributed to an increase in people during 2023. These acquisitions also led an increase in the reserves and resources held by the Group, as well as an increase in the number of operating sites.
MARCEL GESTRANIUS
NORTH EAST MD AND CEO OF NORDKALK
Marcel joined Nordkalk in January 1998 and has over 20 years of experience in various
leadership
as an ICT
the position of division controller, financial director, group controller, acting now as CEO and CFO. Marcel holds a master’s degree in Information Processing.
positions. Marcel coordinator and has held
began