Record recurring EBIT, up +12.7% in local currency, up +8.1% in CHF Net sales up +1.6% in local currency. Record recurring EBIT margin of 23.2% (+210 bps) in Q2 2024 +10.0% growth in EPS before impairment and divestments Disciplined M&A execution continues with 11 value-accretive acquisitions and 4 divestments FY 2024 updated guidance: recurring EBIT...
Cemex announced on July 15th a joint venture agreement with sand and gravel supplier Couch Aggregates and marine bulk product distributor Premier Holdings. This agreement is part of Cemex’s ongoing strategy to accelerate growth in the U.S. and expand its aggregates business. This joint venture will strengthen Cemex’s aggregate reserves with the production, distribution, and...
Strong start to the year Net Sales of CHF 5,586 million, up +3.4% in local currency Over-proportional growth in recurring EBIT of +17.1% in local currency and +7.8% in Swiss franc Profitable growth continues in 2024 with recurring EBIT margin expansion of +0.9 percentage points Strong contribution from Solutions & Products, roofing sales up +67%...
Rating agency Standard & Poor’s (S&P) announced today that it has upgraded Cemex’s long-term global scale issuer credit rating to Investment Grade (BBB-) due to its strong financial and operating performance, deleveraging strategy, and flexible capital allocation. “Achieving an investment-grade credit rating from S&P is a very important milestone for Cemex,” said Fernando A. González,...
Full capital market separation and US listing of its North American business Transaction intended to be executed as a spin-off, benefitting all shareholders Creating the leading pure-play North American building solutions company US listing of North American business expected to complete in H1 2025 Holcim post US listing of North America to further strengthen its...
Cemex’s circular waste management business, Regenera, and DP World, a global leader in supply chain solutions, have signed an agreement for circular waste management solutions in the Dominican Republic. Per the agreement, Regenera will convert used tires from DP World Dominicana’s logistics operations into a substitute for fossil fuels, thereby avoiding landfilling and the associated...
Cemex has acquired a mortar plant near Madrid, Spain, as part of its ongoing strategy to increase EBITDA through bolt-on acquisitions, focusing on providing more sustainable alternatives to growing urban centers. The new plant is equipped with the latest technology to enable the production of traditional and specialty mortars with enhanced sustainability attributes. Cemex’s nearby...
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;...
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...
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...