Tue 07/11/2023 04:45 AM
German building materials group Xella’s sales fell 9.4% year on year during the first quarter to €289 million from €319 million in first-quarter 2022 as a result of cooling demand for residential construction, high customer inventories and adverse weather, which impacted construction activity. Adjusted EBITDA fell 19.3% year on year to €49.7 million from €61.6 million over the same period, sources said.
The group’s Western Europe business generated €193 million of sales and...
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