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News Votorantim Cimentos reports promising start to 2019

Votorantim Cimentos reports promising start to 2019

Written by Global Cement staff 20 May 2019
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Brazil: Votorantim Cimentos’ revenue rose by 5.5% year-on-year to US$615m in the first quarter of 2019 from US$683m in the same period in 2018. Its adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) more than doubled to US$143m from US$52.2m. Its sales volumes of cement fell by 5% to 6.4Mt from 6.7Mt. It attributed the increase in revenue to its results in Brazil and Latin America, as well as positive currency effects.

Last modified on 22 May 2019
Published in Global Cement News
Tagged under
  • Brazil
  • Votorantim Cimentos
  • Results
  • GCW405
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