Cement News tagged under: financial business results
Cemex reports 1Q22 net sales increase of 13%29 April 2022, Published under Cement NewsCemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environment. The growth was led by a 12 per cent increase in cement prices in LfL terms, eight per cent in ready-mix, and seven per cent in aggregates, with all regions contributing to pricing gains. Cemex continued to enjoy strong demand dynamics, with cement and ready-mix volumes growing high single to double-digits... |
Breedon Group's revenue growth reaches 16% in 1Q2228 April 2022, Published under Cement NewsBreedon Group plc has announced that it started the year well with order intake and volumes following usual seasonal patterns through the first three months of 2022. End markets remain supportive, leading to reported and LfL revenue growth of 16 per cent over the first quarter of 2021. Acceptance of rising input costs, and the increasingly dynamic price environment across all major product groups, has enabled full cost recovery through the quarter and is encouraging, said Breedon Gro... |
Cementos Molins records a net profit of EUR22m in 1Q2228 April 2022, Published under Cement NewsCementos Molins released its results for the 1Q22, a period highlighted by strong energy, logistic, and raw material cost inflation that started by mid-2021. In the first three months of the year, Cementos Molins' r evenues achieved EUR274m, 23 per cent higher than the same period of the previous year. This significant increase is driven mainly by last year’s acquisitions and the higher activity in South America. On a LfL basis of currencies and consolidation scope revenues increased by ... |
Holcim records 1Q22 net sales growth of 20%25 April 2022, Published under Cement NewsHolcim announced net sales amounted to CHF6440m (US$6.72bn) in the 1Q22, up 20.1 per cent from CHF5362m recorded in the 1Q21. The company achieved double-digit net sales growth in Solutions & Products, driven by its roofing business sales, to achieve net sales of CHF5bn. Cement volumes reached 46.1Mt in the 1Q22, down 2.6 per cent on 47.3Mt recorded in the 1Q21. Sales of aggregates reached 51.5Mt up from 48.5Mt in the 1Q21, a rise of 6.1 per cent. Ready-mix volumes increased to 10.9... |
CRH reports 1Q22 revenue growth of 15%22 April 2022, Published under Cement NewsCRH has reported 1Q22 revenues establishing a growth 15 per cent, up 13 per cent LfL. The Europe Materials division grew at 18 per cent in organic terms while the Americas Materials division recorded nine per cent organic sales growth. Aggregates saw volumes fall of three per cent in the quarter, impacted by poor weather conditions in the northeastern US. Asphalt grew a strong 19 per cent, helped by an eight per cent price increase. In the cement division prices rose 11 per cent ... |
Votorantim Cimentos' regional results in 2021 reach almost record levels04 April 2022, Published under Cement NewsVotorantim Cimentos reported close to record growth in all regions for its performance in 2021 with total cement sales of 37.2Mt across all regions. “Our business strategy and recent acquisitions, combined with our resilience and operational excellence led us to achieve sales growth in all regions and to close the year with record results,” said Marcelo Castelli, global CEO of Votorantim Cimentos. In Brazil Votorantim Cimentos had net revenue of BRL10.3bn (US$2.1bn) in 2021, a ... |
Votorantim Cimentos reports net profits of BRL1.6bn in 202101 April 2022, Published under Cement NewsVotorantim Cimentos ended 2021 with net profit of BRL1.6bn (US$337m), an increase of 244 per cent compared to 2020, primarily due to better operating results with growth in sales in all regions where the company operates and gains related to the consolidation of acquisitions made in North America and Spain. Global net revenue was BRL22.3bn, an increase of 33 per cent compared to 2020, as a result of the combination of favourable pricing dynamics, especially in Brazil and North America, ... |
Northern Region Cement Co announces net profits of SAR107m in 202129 March 2022, Published under Cement NewsNorthern Region Cement Co has achieved net profits after zakat (charitable donations) and tax worth SAR106.67m (US$28.4m) in 2021, a decline of 1.4 per cent from SAR108.22m in 2020. Revenues fell by 13.7 per cent to SAR561.91m last year from SAR651.48m in 2020. In the 3Q21 the Saudi listed firm reported net profit after zakat and tax worth SAR18.35m, an YoY drop of 14 per cent from SAR21.43m. |
Buzzi Unicem records strong growth in Italy in 202128 March 2022, Published under Cement NewsBuzzi Unicem has announced its consolidated financial results of 2021 which saw cement and clinker sales rise by 6.7 per cent to 31.2Mt from 29.25Mt in 2020. EBITDA reached EUR795m and EBIT stood at EUR546m, an improvement of about four per cent at constant exchange rates. Group ready-mix sales totalled 12.141Mm 3 in 2021, up from 11.743Mm 3 in 2020, a rise of 3.4 per cent. Net sales totalled EUR3.446m, up 6.9 per cent from EUR3.222m in 2020. Consolidated net profit reached EU... |
PPC Zimbabwe forecasts 25% rise in domestic cement demand25 March 2022, Published under Cement NewsPPC Zimbabwe has projected a 25 per cent increase in cement demand in the local market spurred by government funded projects and rising retail demand. Zimbabwe’s government attributes the increase in cement demand to the sharp rise in housing construction and private sector-led infrastructural development programmes that have pushed demand for Zimbabwe’s cement makers. In an operational update for the 12 months ending 31 March 2022, PPC Zimbabwe said the local operations continue to ... |