Despite flat global sales, Cemex posted a 2% Q2 2024 increase in EBITDA to US$965mn, while the company's EBTIDA margin expanded to the highest level since 2016.
EBITDA margin was propelled by favourable price-to-cost dynamics, with prices rising mid-single digits amidst decelerating costs. Net sales of $4,494mn were flat compared to the second quarter of 2023, reflecting difficult weather conditions in key markets offset by pricing momentum.