• Sales growth in H2 2024, with a sequential improvement in organic growth 
• Record operating margin (11.4%), free cash flow (€4.0bn) and recurring EPS, despite a difficult environment in new construction in Europe 
• More than 2/3 of pro forma operating income now generated in high-growth geographies: North America, Asia and emerging countries 
• 4 strategic acquisitions finalized over the past 12 months for €5bn: CSR, Bailey, OVNIVER (Cemix brand) and FOSROC 
• Strong value creation for shareholders: total shareholder return (TSR) of 32% in 2024. Dividend of €2.20 (up 5%) recommended for 2024. Share buyback program completed one year earlier than expected, with a new €400m target set for 2025 
• 2025 outlook: the Group expects an operating margin of more than 11.0% 

In North America: 

• 34% of the group’s operating income now comes from North America
• Recent Canadian acquisitions- EBITDA margin of 19% on a full-year basis for Bailey, Building Products of Canada, and Kaycan.
• North America was up 1.9% over the year driven by prices and resilient volumes in renovation market, new construction stabilized at good level.
• Group benefited from recent integration of its Canadian acquisitions and from its comprehensive range of light construction solutions with high value-add for customers.
• New capacity in plasterboard, roofing and glass mat underlayment should come on stream in mid-2025.

Read the full press release (English)

Lire le communiqué de presse complet (French)