Cemex counts cost of Covid-19 in 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

URL: https://globalcement.com/news/item/13110-cemex-counts-cost-covid-19-in-2021

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