Mexico: Cemex has forecast full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$3.10bn in 2021, up by 26% year-on-year from US$2.46bn in 2020. The forecast figure is 7% higher than its previous prediction of US$2.90bn in its first quarter 2021 earnings call. The company said that it expects the double-digit growth to continue into 2022. It said that in 2023 and estimated US$400m of additional EBITDA will come from bolt-on investments and its on-going 10Mt/yr cement capacity expansion.
Cemex raises 2021 full-year earnings guidance
URL: https://globalcement.com/news/item/12622-cemex-raises-2021-full-year-earnings-guidance
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