Cemex has reported that its sales in the third quarter of 2010 were down 2% from the same period in 2009 to US$3.8billion. EBITDA also fell by 13% to US$649million during the period, which the company has attributed to lower performance in the US and Europe. Consolidated cement sales volumes increased by 2% during the third quarter of 2010 compared with the same period in 2009, while ready-mix and aggregates sales volumes both decreased 3%.
Cemex has reported that its sales in the third quarter of 2010 were down 2% from the same period in 2009 to US$3.8billion. EBITDA also fell by 13% to US$649million during the period, which the company has attributed to lower performance in the US and Europe.
Consolidated cement sales volumes increased by 2% during the third quarter of 2010 compared with the same period in 2009, while ready-mix and aggregates sales volumes both decreased 3%.
Cemex executive vice president of planning and finance Fernando A Gonzalez said, “Despite the still challenging business environment in some of our key markets, we believe that economic conditions in most of our geographies have stabilised and/or bottomed out, with the fourth quarter likely to be an inflection point for our trailing twelve months consolidated EBITDA. We will continue adapting our operations to the prevailing market conditions, and remained focused on our short term priority of reducing debt.”
