Nasdaq CopenhagenIFRS · DKK

Cembrit Group A/S

Cembrit Group A/S is a Danish building materials company focused on fibre-cement and related façade and roofing products used in construction and renovation. The group serves customers across Europe through products designed for cladding, roofing, and other exterior building applications.

Revenue1,947m DKK
+12.3 %y/y
Operating profit (EBIT)249m DKK
+70.0 %y/y
EBIT margin12.8%
+4.3 ppy/y
Net income121m DKK
+41.3 %y/y
Free cash flow137m DKK
−49.6 %y/y

Fiscal year 2021 · change from previous year

Development 2019–2021

05001,0001,5002,000m DKK2019: 1,602 m DKK2019: EBIT 12 m DKK20192020: 1,734 m DKK2020: EBIT 146 m DKK20202021: 1,947 m DKK2021: EBIT 249 m DKK20211,947249
RevenueOperating profit (EBIT)

Business

Share of revenue
Facade products45 %

Fibre-cement boards and panels used for exterior wall cladding and façade systems.

Roofing products35 %

Roofing sheets, panels, and accessories for pitched roof applications.

Building accessories10 %

Complementary components used alongside façade and roofing installations.

Renovation and replacement solutions10 %

Products sold for refurbishment, repair, and upgrade projects in buildings.

Customers

Cembrit sells primarily into the construction value chain, where its products are selected for exterior protection, durability, and weather resistance. Buyers include distributors, contractors, builders, and trade professionals serving both new-build and renovation projects. Demand is tied to residential and non-residential construction activity as well as repair-and-maintenance spending.

Distributors and merchants

They buy core product lines for resale into local construction markets and trade channels.

Contractors and installers

They purchase façade and roofing systems for project-based installation work.

Builders and developers

They specify products for new residential and commercial construction projects.

Renovation and refurbishment customers

They buy replacement products for maintenance, repair, and façade renewal work.

Strategy

Cembrit’s strategy is centered on supplying durable exterior building products that meet the needs of façades and roofs across European markets. Competitive position depends on product specification, distributor relationships, and the ability to serve both new-build and renovation demand with a practical product portfolio.

Strengthen core façade and roofing portfolioMedium term

These products define the company's market position in exterior building materials.

Support distributor and contractor channelsMedium term

The business relies on trade partners to reach end customers efficiently.

Balance new build and renovation exposureMedium term

Different construction cycles help stabilize demand across markets.

Geography

Cembrit is headquartered in Denmark and operates with a European commercial footprint. Its business is tied to construction markets across Europe, where local building practices, weather conditions, and distribution networks influence product demand and specification. Geography matters because freight, plant location, and country-level construction cycles can affect sales and product mix.

Risks

Cembrit is exposed to cyclicality in construction and renovation activity, which can affect demand for façade and roofing products. It also faces input-cost, logistics, and competitive pricing risks common in building materials, where product substitution and distributor purchasing patterns can influence volume and mix.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Construction market cyclicality1Input cost volatility2Competitive substitution3
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Construction market cyclicalityImpact: HighLikelihood: High

    Demand depends on residential, commercial, and renovation activity.

    Exposure: European building markets

  2. Input cost volatilityImpact: HighLikelihood: Medium

    Fibre-cement production depends on energy, raw materials, and freight.

    Exposure: Manufacturing and distribution

  3. Competitive substitutionImpact: MediumLikelihood: Medium

    Customers may switch to other cladding or roofing materials based on price or design preferences.

    Exposure: Façade and roofing markets

Accounting

Judgemental items
Inventory valuation

Manufacturing and channel inventory levels can require write-downs if demand softens.

Impact: Affects gross margin and working capital

Impairment of property, plant and equipment

Manufacturing assets may need write-downs if utilization or market conditions decline.

Impact: Affects operating profit and asset values

Foreign exchange hedging

European cross-border sales and purchases can create currency exposure.

Impact: Affects finance results and OCI

Publicly listed companies with a comparable business focus.

Last updated: 24/10/2026

Cembrit Group A/S Revenue, Earnings & Financials 2021 – Clarifo