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CEMEX Reports Second-Quarter 2013 Results

Stocks in this article: CX

Consolidated Corporate Results

During the second quarter of 2013, controlling interest net income was a loss of US$152 million, an improvement over a loss of US$187 million during the same period last year.

Total debt plus perpetual notes decreased by US$51 million during the quarter.

Geographical Markets Second-Quarter 2013 Highlights

Net sales in our operations in Mexico increased 2% in the second quarter of 2013 to US$847 million, compared with US$833 million in the second quarter of 2012. Operating EBITDA decreased 17% to US$250 million versus the same period of last year.

CEMEX’s operations in the United States reported net sales of US$868 million in the second quarter of 2013, up 9% from the same period in 2012. Operating EBITDA increased to US$80 million in the quarter, versus US$27 million in the same quarter of 2012.

In Northern Europe, net sales for the second quarter of 2013 decreased 1% to US$1,088 million, compared with US$1,100 million in the second quarter of 2012. Operating EBITDA was US$108 million for the quarter, 11% lower than the same period last year.

Second-quarter net sales in the Mediterranean region were US$400 million, 4% higher compared with US$384 million during the second quarter of 2012. Operating EBITDA decreased 2% to US$94 million for the quarter versus the comparable period in 2012.

CEMEX’s operations in South, Central America and the Caribbean reported net sales of US$561 million during the second quarter of 2013, representing an increase of 6% over the same period of 2012. Operating EBITDA increased 12% to US$211 million in the second quarter of 2013, from US$189 million in the second quarter of 2012.

Operations in Asia reported a 14% increase in net sales for the second quarter of 2013, to US$162 million, versus the second quarter of 2012, and operating EBITDA for the quarter was US$38 million, up 29% from the same period last year.

CEMEX is a global building materials company that provides high-quality products and reliable services to customers and communities in more than 50 countries. CEMEX has a rich history of improving the well-being of those it serves through innovative building solutions, efficiency advancements, and efforts to promote a sustainable future.

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