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Votorantim shows strong regional performance in Europe, Asia and Africa

15 August 2024, Published under Cement News

Votorantim Cimentos reports positive results in the 2Q24 for its operations particularly in Europe, Asia and Africa but also in North America.   In Brazil Votorantim Cimentos’ net revenue in the 2Q24 was BRL3.2bn (US$583.1m), flat compared to the same period in 2023. Adjusted EBITDA reached BRL566m in 2Q24, stable compared to the 2Q23, due to a positive trend in new businesses and an improvement in variable costs. In North America net revenue reached BRL2.2bn in the 2Q24, a decrease of ...