Cemex overseas results offset poor local performance in Q3 2013

Mexican cement firm Cemex’s strong overseas performance is said to have offset an 11% drop in sales and a 21% fall in Ebitda in Mexico during Q3 2013. Overall, Cemex consolidated revenues grew year-on-year by 3% in July-September 2013, reaching €2.91 billion, while Ebitda totalled €541.1 million in this same period – up 2% on the third quarter of 2012. These positive results are mostly linked to higher volume sales in the US, Latin America and the Caribbean, the Mediterranean, Northern Europe and Asia. Cem
October 30, 2013 Read time: 2 mins

Mexican cement firm 643 Cemex’s strong overseas performance is said to have offset an 11% drop in sales and a 21% fall in Ebitda in Mexico during Q3 2013.

Overall, Cemex consolidated revenues grew year-on-year by 3% in July-September 2013, reaching €2.91 billion, while Ebitda totalled €541.1 million in this same period – up 2% on the third quarter of 2012. These positive results are mostly linked to higher volume sales in the US, Latin America and the Caribbean, the Mediterranean, Northern Europe and Asia. Cemex also reduced its net losses, linked to consolidated net results, by 23% on an annual basis to €112.27 million.

In Mexico, public spending on infrastructure and housing has been low, which, Cemex say, has affected company results. However, it anticipates higher volume sales in its home country due to reconstruction efforts after the recent hurricanes as well as the 2013-2018 transport and communications infrastructure investment programme. Cemex debt as of 30 September 2013 stood at €12.4 billion - 3% down on the same period in 2012.

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