CEMEX sees Q3 EBITDA higher

CEMEX sees Q3 EBITDA higher
Published: 13 September 2004

Cemex sees Q3 EBITDA at US$645m, up 13 per cent from the year earlier period, while operating income is expected to be about US$485m, up 20 per cent. Third quarter revenues are expected at more than US$2bn, it said. For the first nine months of the year, Cemex expects EBITDA to exceed US$1.8 bln usd and revenue of about US$5.8bn, growth rates of 14 per cent and 10 per cent, respectively. Chief financial officer Rodrigo Trevino said: "We are pleased by our strong year to date performance which leads us to increase our full year guidance for EBITDA and free cash flow, which are now expected to be about US$2. 4bn and US$1.4bn respectively.