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
Written by Global Cement staff
Published in
Global Cement News
Tagged under
Register for the Global Cement Weekly email newsletter
Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.
URL: https://globalcement.com/news/item/9066-votorantim-cimentos-grows-revenue-in-brazil-and-us-in-2018
© 2024 Pro Global Media Ltd. All rights reserved.