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News Brazilian and North American markets support Votorantim Cimentos results

Brazilian and North American markets support Votorantim Cimentos results

Written by Global Cement staff 19 November 2019
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Brazil: Markets in Brazil and North America have supported Votorantim Cimentos’ sales so far in 2019, despite setbacks in Turkey and Latin America. Its sales revenue rose by 2% year-on-year to US$907m in the first nine months of 2019 from US$891m in the same period in 2018. Overall sales volumes of cement fell slightly to 8.4Mt. The cement producer’s adjusted earnings before interest, taxation, depreciation and amortisation (EBITDA) decreased by 5% to US$188m from US$199m, with declines reported in all operation regions except North America.

Last modified on 20 November 2019
Published in Global Cement News
Tagged under
  • Brazil
  • Votorantim Cimentos
  • Results
  • Turkey
  • GCW432

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