CEMEX has continued its solid top-line growth, with second-quarter sales growing 11% to US$4,080 million. Pricing was the main driver with cement, ready-mix and aggregates, increasing by 16%,12%, and 14%, respectively.
With a difficult second quarter 2021 comparison base, EBITDA decreased by 8% to $723 million, primarily due to higher energy costs and supply chain disruptions.
“I am pleased that our pricing strategy is yielding results and has fully offset inflationary costs in the quarter. With improved supply chain dynamics and continued success of our pricing and cost containment strategies, we remain confident we can recover 2021 margins,” said Fernando A. González, CEO of CEMEX.
“Our decarbonisation program, Future in Action, continues making significant progress, with record levels of alternative fuel usage and clinker factor resulting in a 3% reduction in CO2 emissions in the first half of this year. We remain on track to achieve our ambitious 2030 goals and on the right path to achieve carbon neutrality. On the digital innovation front, our industry-leading digital platform CEMEX Go continues evolving to provide our customers with a superior fully automated digital experience.”
Geographical Markets 2022 Second Quarter Highlights
In Europe, the Middle East, Africa and Asia, sales increased 12% in the second quarter, to US$1,294 million. Operating EBITDA was US$193 million for the quarter, 8% higher.
Sales in Mexico increased 7% in the second quarter, to US$998 million. Operating EBITDA decreased 4% in the second quarter to US$320 million.
CEMEX’s operations in the United States reported sales of US$1,296 million in the second quarter, an increase of 15%. Operating EBITDA decreased 24% to US$162 million in the second quarter.
CEMEX’s operations in the South, Central America and the Caribbean region reported sales of US$418 million in the second quarter, an increase of 10%. Operating EBITDA decreased 7% to US$99 million in the quarter.
