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News Cemex counts cost of Covid-19 in 2021

Cemex counts cost of Covid-19 in 2021

Written by Global Cement Staff 08 October 2021
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Mexico: Cemex CEO Fernando Gonzalez has estimated that the impacts of the Covid-19 outbreak will cost the group US$100m in 2021. Gonzalez attributed the anticipated negative effect on full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) to supply chain disruptions and currency effects, especially on the Mexican Peso, as well as delays to projects globally.

Last modified on 13 October 2021
Published in Global Cement News
Tagged under
  • Mexico
  • Cemex
  • coronavirus
  • costs
  • Financials
  • earnings before interest and taxation
  • currency
  • supply chain
  • delay
  • Infrastructure
  • GCW527
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