Brazil: Votorantim Cimentos’ revenue rose by 15% year-on-year to US$3.26bn in 2018 from US$2.82bn in 2017. Its sales volumes of cement increased slightly to 30.9Mt from 30.6Mt. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) grew by 51% to US$677m from US$477m. Despite a 1.2% drop in cement demand in Brazil, the group managed to raise its revenue. The cement producer said that its revenue growth in 2018 was affected by markets in Brazil and the US and positive currency depreciation effects.
Votorantim Cimentos grows revenue in Brazil and US in 2018
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