Mexico: Cemex sales grew by 17% year-on-year to US$7.27bn in the first half of 2021 from US$5.98bn in the same period in 2020. Its operating earnings before interest, taxation, depreciation and amortisation (EBITDA) rose by 38% to US$1.50bn from US$1.09bn. Cement and concrete sales volumes increased by 16% to 34Mt and 9% to 24.1Mm3. Growth was reported in all regions, often due to recovery from coronavirus-related lockdowns in the first half of 2020.
“Quarterly highlights include the achievement of our long-time leverage goal, a 39% increase in quarterly EBITDA, and our announcement of industry leading Climate Action targets,” said Fernando A González, the chief executive officer of Cemex. “Our growth in the quarter, which exceeded pre-pandemic levels, gives us confidence that this performance is sustainable in the second half of the year.”
