Cemex - April 2014

Cemex' first-quarter turnover increased by 8.2 per cent to US$3590.7m, while the EBITDA improved by 2.7 per cent to US$535m. The trading profit rose by 11.7 per cent to US$267.7m. The net interest charge increased by 10.4 per cent to US$406.9m, to give a pretax loss 11.3 per cent higher at US$167.9m. The effective net debt was 0.9 per cent higher at US$16,325m, of which 88 per cent was in US dollar, 10 per cent in euro and two per cent in Mexican peso, with 66 per cent of the debt being at fixed rates. Equity shareholders' funds were 7.7 per cent lower than with a year earlier at US$10,281m, giving a gearing level of 158.8 per cent, up from 134.4 per cent a year earlier. Cement shipments in the first quarter increased by 8.7 per cent to 15.63Mt, aggregates production rose by 12.5 per cent to 37.63Mt and ready-mixed concrete deliveries improved by 7.8 per cent to 12.74Mm³.

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