Cemex grows on increasing cement demand

Cemex grows on increasing cement demand

Operating EBITDA of Cemex Latam Holdings (CLH) increased by 24% y/y during 3Q13 to US$168 million with an operating EBITDA margin expansion of 1.7 percentage points, reaching a level of 35.5%. Net sales of building materials including cement reached US$474 million during the quarter, increasing by 18% y/y.

Commenting on the results, Carlos Jacks, CEO of CLH, said, ´We are pleased by the strong results reached in the third quarter. Given the high levels of construction activity in the region, in many of our markets we sold record volumes of our products. We are satisfied by the positive results in or housing solutions initiative in Colombia, as these projects are allowing us to capture incremental value.´

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