1Q18 - EBITDA decline on temporary weather, timing effects; positive FY18 guidance reaffirmed
Mexican cement maker Cemex has released a relatively weak EBITDA figure (LFL -6% yoy to $535m) for its 1Q18. However, this was essentially due to unfavorable effects from timing and weather, which should reverse over the coming quarters.
Cemex is a holding company of entities whose main activities are oriented to the construction industry, through the production, marketing, distribution and sale of cement, ready-mix concrete, aggregates, clinker and other related construction materials to customers in over 50 countries throughout the world. Co.'s products are used in home construction, improvement and renovation to agricultural, industrial and marine/hydraulic applications.
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.
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