Edition:
India

Cemex Sab De Cv Qtrly Operating Earnings Before Other Expenses, Net, Decreased 17% To Us$279 Million On A Like-To-Like Basis


Monday, 27 Jul 2020 

July 27 (Reuters) - Cemex SAB de CV ::CEMEX SAB DE CV - QTRLY OPERATING EARNINGS BEFORE OTHER EXPENSES, NET, DECREASED 17% TO US$279 MILLION ON A LIKE-TO-LIKE BASIS.CEMEX SAB DE CV - QTRLY SALES DECLINED 10% YEAR OVER YEAR.CEMEX SAB DE CV - QTRLY OPERATING EBITDA ON A LIKE-TO-LIKE BASIS DECREASED 6% TO US$554 MILLION.CEMEX SAB DE CV - QTRLY NET SALES IN MEXICO DECREASED 10% ON A LIKE-TO-LIKE BASIS TO US$568 MILLION.CEMEX SAB DE CV - QTRLY DECLINE IN CONSOLIDATED NET SALES DUE TO LOWER VOLUMES FOR 3 CORE PRODUCTS IN ALMOST ALL REGIONS.CEMEX SAB DE CV - FREE CASH FLOW AFTER MAINTENANCE CAPITAL EXPENDITURES FOR QUARTER WAS US$140 MILLION.CEMEX SAB DE CV - QTRLY OPERATING EBITDA MARGIN INCREASED BY 0.7PP, FROM 18.3% IN Q2 OF 2019 TO 19.0%.CEMEX SAB DE CV - IN EUROPE, MIDDLE EAST, AFRICA AND ASIA REGION, QTRLY NET SALES DECREASED BY 13% ON A LIKE-TO-LIKE BASIS, REACHING US$987 MILLION.CEMEX SAB DE CV - QTRLY CEMEX’S OPERATIONS IN UNITED STATES REPORTED NET SALES OF US$1.0 BILLION, AN INCREASE OF 1%.CEMEX SAB DE CV - IN EUROPE, MIDDLE EAST, AFRICA AND ASIA REGION, NET SALES DECREASED BY 13% ON A LIKE-TO-LIKE BASIS.CEMEX SAB DE CV - DECLINE IN QUARTERLY CONSOLIDATED NET SALES WAS DUE TO LOWER VOLUMES FOR CO'S THREE CORE PRODUCTS IN ALMOST ALL REGIONS.CEMEX SAB DE CV - EXPECT THAT COVID-19 WILL CONTINUE TO CHALLENGE OPERATIONS IN NEW WAYS OVER NEXT FEW QUARTERS.