Mexico: Cemex recorded sales of US$4.04bn in the first quarter of 2023, up by 8% year-on-year from US$3.73bn a year earlier. The producer recorded operating earnings before interest, taxation, depreciation and amortisation (EBITDA) of US$733m, up by 7% year-on-year from US$685m. This was despite a 9% year-on-year decline in group cement sales volumes to 14.4Mt from 15.8Mt. First-quarter 2023 cement volumes fell by 3% in Mexico, by 19% in the US, by 10% in Europe, the Middle East, Africa and Asia and by 8% in South, Central America and the Caribbean.
Cemex retained its guidance of a low single-digit year-on-year increase in operating EBITDA in 2023. It also expects its energy cost per tonne of cement produced to rise by 10%.
