Cemex sales grew in first half of 2015

Cemex sales grew in first half of 2015

Cemex´s consolidated net sales in the second quarter of 2015 grew by 5 per cent year-on-year. Its operating earnings before income, taxes, depreciation and amortisation (EBITDA) increased by one per cent during the quarter to $744 million. Operating EBITDA increased by 13 per cent.

The increase in consolidated net sales was due to higher product prices in local currency terms in most of its operations, as well as improved volumes in most of its products in Mexico, the US, and the northern Europe and Asia regions.

Cemex´s net sales in Mexico decreased by 9 per cent in the second quarter of 2015 to $745 million while its operating EBITDA increased by 4 per cent to $256 million. In the US, its net sales grew by 5 per cent year-on-year to $1.01 billion and its operating EBITDA increased by 31 per cent to $156 million. In northern Europe, net sales for the second quarter of 2015 fell by 21 per cent to $904 million and its operating EBITDA fell by 8 per cent year-on-year to $111 million. In Asia, net sales grew by 11 per cent year-on-year to $177 million and operating EBITDA was up by 34 per cent year-on-year to $45 million.

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