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News Cemex reports mixed financial results for first half of 2024

Cemex reports mixed financial results for first half of 2024

Written by Global Cement staff 26 July 2024
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Mexico: Cemex has reported its first-half results for 2024. Net income fell by 15% to US$230m, although earnings before interest, taxation, depreciation and amortisation (EBITDA) increased by 2% to US$965m. Sales remained flat at US$4.5bn. They rose in Mexico by 13%, to US$2.7bn, and in Central and South America and the Caribbean by 3%, to US$879m. However, they fell in the US by 2%, to US$2.6bn, and in Europe, the Middle East, Africa and Asia by 8%, to US$2.24bn.

Fernando Gonzalez, CEO of Cemex, said "These results demonstrate the effectiveness of our commercial management and growth strategy. The price contribution of our products continues to outpace our input cost inflation."

Last modified on 31 July 2024
Published in Global Cement News
Tagged under
  • Cemex
  • Mexico
  • Results
  • GCW670

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