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News Votorantim Cimentos’ first-half sales and earnings rise in 2021

Votorantim Cimentos’ first-half sales and earnings rise in 2021

Written by Global Cement staff 11 August 2021
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Brazil: Votorantim Cimentos recorded consolidated sales of US$1.89m in the first half of 2021, up by 48% year-on-year from US$1.28m in the first half of 2020. Its cement revenues rose by 57% to US$1.35bn from US$859m. The group recorded earnings before interest, taxation, depreciation and amortisation (EBITDA) growth of 56%, to US$1.04bn from US$667m.

During the half, the group began the consolidation of its Uruguay-based Artigas’ cement operations at its Minas, Lavalleja, cement plant at a total investment cost of US$40.0m. It also agreed to acquired Cementos Balboa on 24 June 2021. In March 2021, the group issued sustainability-linked debentures, the first of their kind in the Brazilian market.

Last modified on 11 August 2021
Published in Global Cement News
Tagged under
  • GCW518
  • Brazil
  • Votorantim Cimentos
  • Results
  • Profit
  • Uruguay

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