Earlier today – 04 October 2012 – Cemex announced that, in connection with the proposed private debt securities placement that we recently reported, it is planning to disclose certain preliminary financial reports regarding its financial results for 3Q12 to prospective purchasers. Cemex does not expect to report the full results publically until later in October.
Based on the confirmed results from July and August 2012 and preliminary estimates for the month of September 2012, Cemex has put together its expectations for some headline figures with respect to its 3Q12 results, on a consolidated basis:
- For the third quarter 2012, as compared to same period in 2011, net sales (expressed in $US terms) are expected to decline by approximately 2%.
- Net sales, on a like-to-like basis (adjusting for currency fluctuations between the two periods) are expected to grow by approximately 3%.
- Operating EBITDA (expressed in $US terms) is expected to grow by about 9%.
- Operating EBITDA, on a like-to-like basis (adjusting for currency fluctuations between the two periods), is expected to grow by approximately 13%.
This expected performance would represent an improvement in operating EBITDA margin of approximately 1.8% compared to the 3Q11. As such, net sales performance and operating EBITDA performance (expressed in U.S. Dollar terms), as well as operating EBITDA margin performance are expected to follow a similar trend to that observed during the first half of 2012. Cemex also expects that its total debt (including convertible notes and capital leases) plus perpetual notes, expressed in $US terms, will remain relatively flat compared to the balance reported as of 30 June 2012.
Adapted from press release by Jack Davidson.
Read the article online at: https://www.worldcement.com/the-americas/04102012/cemex_predict_ebitda_growth_3q12_696/