Cemex Latam announces results

Cemex Latam Holdings, S.A. has announced that its consolidated net sales reached US$1427 million during 2015. This is a decrease of 17% compared to 2014. During 4Q15, net sales declined by 19% when compared to 4Q14. This can mainly be explained by foreign exchange fluctuations and lower sales in operations in Colombia and Panama.

Operating EBITDA declined by 6% during 4Q15, and also for the full year compared to 2014.

For the full year 2015, consolidated domestic grey cement, ready-mix and aggregates volumes decreased by 6%, 3%, and 3% respectively, compared to the same period in 2014.

Carlos Jacks, CEO of CLH, said, “We are pleased with the performance of our operations in Central America. During 2015, we achieved a new historic EBITDA record in Nicaragua, as well as historic volume records in Nicaragua for cement, in Guatemala for ready-mix and in Costa Rica for aggregates.”

In Colombia, during 2015, domestic grey cement, ready-mix and aggregates volumes declined by 9%, 3% and 6% respectively, compared to the previous year.

In Panama, domestic grey cement and ready-mix volumes declined by 9% and 12% in 2015, while aggregates volumes remained flat.

In Costa Rica, volumes for domestic grey cement, ready-mix and aggregates grew by 7%, 14% and 16% respectively, in comparison to 2014.

Adapted from press release by Rebecca Bowden

Read the article online at: https://www.worldcement.com/the-americas/08022016/cemex-latam-announces-results-453/