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Votorantim records strong domestic performance in 3Q24

14 November 2024, Published under Cement News

Votorantim Group ’s regional performance in the 3Q24 was headed by its domestic sales in Brazil.  V otorantim Cimentos’ net revenue in Brazil was BRL3.5bn in 3Q24, on par with the same period last year. Adjusted EBITDA in the quarter was BRL848m, up five per cent compared to 3Q23, due to lower variable costs and higher sales volume, resulting in margin growth in the quarter. The National Cement Industry Union (SNIC) revised its 2024 year-end growth expectation for the sector to 2.8 per cent...