Cemex sales up in full year and Q4 2014

Mexican building materials giant 643 Cemex achieved a 6% year-on-year rise net sales growth in 2014 to US$15.7 billion, and a 5% year-on-year rise in Q4 2014 sales to $3.8 billion.

EBITDA also increased year-on-year by an impressive 16% during the fourth quarter of 2014 to $701 million, and increased 6% for the full year to $2.7 billion, compared to full year 2013.

Commenting on the results, Cemex said that the increases in consolidated net sales were due to higher prices of its products, in local currency terms, in most of its operations, as well as higher sales volumes in Mexico, the US, and its Mediterranean, South, Central America and the Caribbean and Asia sales’ regions.

Cemex CEO Fernando A. Gonzalez said: “We are pleased with the growth in volumes and local-currency prices for our products in most of our regions, reflecting the continued positive outcome of our value-before-volume strategy.”