CEMEX - 1Q16 RESULTS
​Progress in margins on the back of selling price increases, lower costs and US operating leverage Cemex, the Mexican manufacturer of building materials, has published sound 1Q16 results which were marked, again, by material improvement in margins. On a LFL basis, sales increased by 3% yoy to USD 3.2bn and EBITDA rose by 12% to USD 583m. The steady increases in selling prices were the main driver behind the improvement in margin (EBITDA margin: +120 bps to 18.2%, the highest since 2009), along with cost reduction (variable and fixed, supported by lower energy costs).
Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.