CEMEX, S.A.B. de C.V. Ltd. Announces Q3 Results According to BAC Report03 Nov 2011 • by Natalie Aster
LONDON – October 26th CEMEX, S.A.B. de C.V. announced its Q3 results. Highlights comparing to Q3 2010:
- consolidated net sales increased by 5% to USD 3.9 B
- operating EBITDA increased by 1% to USD 658 M
- Net sales in Mexico decreased 1% to USD 856 M
- US operations reported net sales of USD 713 M (up 4%)
- in Northern Europe, net sales rose by 9% to USD 1.30 B
- in the Mediterranean region net sales were USD 424 M (5% lower)
- operations in South/Central America and the Caribbean reported net sales of USD 453 M (an increase of 24%)
- in Asia net sales increased by 5% and amounted to USD 130 M
Higher sales in Northern Europe, South/Central America and the Caribbean, and the United States brought total sales increase. Main driving force for company’s market appeared to be the infrastructure and residential sectors.
Cemex annual performance is weak, with decreasing trend in main indicators. Thus, revenue and net income fell by 22% and 163% respectively, and amounted to MXN 178.3 B and MXN (16.5) B respectively. The company is to commit restructure and change business strategy in order to regain profitability.
Founded in 1906 and headquartered in Garza Garcia (Mexico), Cemex is a world-known manufacturer of high quality cement, ready-mix concrete, aggregates and related building materials. Its global footprint can be caught in over 50 countries, with main production sites located in Mexico, Costa Rica, USA, Colombia, the Dominican Republic, UK, Spain, Croatia, Germany, Latvia, Poland, Panama, Nicaragua, Egypt, Puerto Rico, Thailand and the Philippines. Since 1999 the company is public and trades at New York Stock Exchange.
More details on the company’s business, product list, strong and weak points and experts’ forecasts can be found in the report “CEMEX, S.A.B. de C.V. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis” recently published by Market Publishers Ltd.
Title: CEMEX, S.A.B. de C.V. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Oct, 2011
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