Consolidated net revenue totaled R$22.3 billion in 2021, an increase of 33%. Adjusted EBITDA was R$5.2 billion, up 37% over the previous year. EBITDA margin was 24%, 1 percentage point higher than in 2020. Leverage, measured by the net debt/adjusted EBITDA ratio, dropped from 1.95x to 1.55x, the best level in the last ten years....
Argos achieved an annual consolidated EBITDA of 2.16 billion Colombian pesos, the highest result in its history. The company reported an 18.3%** increase in consolidated cement volumes and a 2.7%** increase in consolidated ready-mix volumes at the end of the year. The net debt to EBITDA plus dividends ratio closed at 2.87...
Argos Cement facility in Roberta, AL, will convert to produce 100 % PLC by end of the second quarter 2022.
As part of the conversion to products with lower CO2 content, Wilmington, Statesville, and Durham, NC, terminals will also convert to 100 % PLC by the end of the second quarter 2022
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