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News Votorantim Cimentos’ EBITDA and earnings grow slowly in 2019

Votorantim Cimentos’ EBITDA and earnings grow slowly in 2019

Written by Global Cement staff 31 March 2020
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Brazil: Votorantim Cimentos earned revenues of US$2.47bn in 2019, up by 3.0% year-on-year from US$2.39bn in 2018. Its earnings before interest, taxation, depreciation and amortisation rose by 1.1% to US$513m from US$507m in 2018. Throughout the year, the company says that it paid off approximately US$570m of debt and contracted with a syndicate of banks for a new committed credit facility (CCF) for its alternative fuel substitution and CCF reduction initiatives of US$55.1m, due in August 2024.

On 30 March 2020 Votorantim Cimentos donated US$5.5m to fighting the effects of the coronavirus in Brazil.

Last modified on 01 April 2020
Published in Global Cement News
Tagged under
  • Brazil
  • Votorantim Cimentos
  • Results
  • Sales
  • EBITDA
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  • coronavirus
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