HeidelbergCement AG, the parent company of the Heidelberg Materials Group, held its 134th Annual General Meeting on May 11. After three years of being held in a purely virtual form, shareholders could attend the event in person again. Around 300 participants informed themselves on-site in the SNP dome in Heidelberg about the company’s business performance....
Global net revenue totaled R$5.8 billion, an 18% increase compared to 1Q22. Adjusted EBITDA was R$779 million, an increase of 85% over the same period last year, with a positive impact on the EBITDA margin. Leverage, measured by the net debt/adjusted EBITDA ratio, was 1.78x, slightly lower than in the first quarter of 2022;...
Revenue increases by 13%1) to €4,896 million Strong improvement in result2) by €168 million to €258 million Sustainability activities further intensified: most ambitious climate targets in the sector validated by SBTi, additional carbon capture projects launched, and circular economy expanded Outlook upgraded: moderate revenue growth1), result from current operations now expected to be between €2.50 billion and...
At the beginning of May 2023, Cemex reported a 9% growth in Sales and a 6% growth in EBITDA in the first quarter of 2023. The strong results are attributable to pricing, decelerating input cost inflation, and contributions from the company’s growth investments and the Urbanization Solutions business. EBITDA margin showed significant sequential improvement, with...
"In Q1 2023, net sales grew organically by 8% and Recurring EBIT by 12%. This profitable growth was led by strong performances across our building materials businesses. Our teams continued our fast-paced execution, with 12 value-accretive acquisitions, including Duro-Last, completing our range of flat roofing systems. With strong underlying trends across all our businesses, we are confident we will close the full year strong. We are upgrading our guidance accordingly to achieve organic net sales growth of above 6% and organic Recurring EBIT growth of above 10%, while delivering an industry-leading Recurring EBIT margin of above 16%.
In 2022, Votorantim Cimentos was recognized by CDP as one of the best evaluated companies in the 2022 Climate Change Program
CO2 per net sales reduction of 21% in 2022 with goal to reduce by over 10% in 2023 Upgraded 2030 climate targets in line with SBTi 1.5°C framework, validated by Science Based Targets initiative CHF 2 billion investment in carbon capture, utilization and storage projects by 2030 to capture more than 5 million tons CO2...
Adjusted EBITDA was R$4.9 billion, 6% lower than the previous year. EBITDA margin was 19%, five percentage points lower than in 2021. Leverage, measured by the net debt/adjusted EBITDA ratio, was 1.55x, the same as 2021 and the best level in over ten years. Net profit in the year was R$1.1 billion. The company...
CEMEX’s update to its Green Financing Framework aligns it with its more ambitious decarbonization goals announced in 2022. Through this update, CEMEX will strengthen financing avenues for innovative technology needed to reach carbon neutrality. CEMEX announced that it has updated its Green Financing Framework to align it with its more ambitious decarbonization goals. The update...
The Science Based Targets initiative (SBTi) has validated Heidelberg Materials’ 2030 carbon reduction targets under its new 1.5°C framework Heidelberg Materials commits to individual scope 1 and 2 targets as well as a scope 3 target for 2030, in relation to the base year 2020 CCUS and circularity are the company’s key levers to reach...