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News Elementia’s first quarter 2020 sales fall as cement volumes drop by 11% year-on-year

Elementia’s first quarter 2020 sales fall as cement volumes drop by 11% year-on-year

Written by Global Cement staff 04 May 2020
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Mexico: Elementia’s first quarter sales were US$49.0m, down by 5.0% year-on year from US$52.0m in 2019. Group earnings before interest, tax, depreciation and amortisation (EBITDA) was US$20.4m, down by 7.0% from US$22.0m in the first quarter 2019. Cement volumes fell by 11% year-on-year to 1.08Mt from 1.22Mt.

The company suspended all operations in Peru, Bolivia and Ecuador from 20 March 2020 and in Colombia and El Salvador from 30 March 2020. It says that it has moved its 2020 strategic focus to ‘inventory reduction and sustained US cement growth.’

Last modified on 06 May 2020
Published in Global Cement News
Tagged under
  • Mexico
  • Elementia
  • Results
  • Sales
  • EBITDA
  • volumes
  • growth
  • Strategy
  • Peru
  • Bolivia
  • Ecuador
  • Colombia
  • El Salvador
  • GCW454

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