Cement News tagged under: financial business results

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Inflationary pressures impact Argos results in the 1Q22

11 May 2022, Published under Cement News

Argos ( Grupo Argos ) reports its 1Q22 generated record revenues of COP2.6trn (US$637.8m), up 11.2 per cent, and EBITDA of COP359bn, 17.8 per cent lower than in the 1Q21, mainly due to higher inflationary pressures that impacted costs associated with raw materials, energy, freight, and operational maintenance. The company highlights the very good price performance in all regions, which is expected to mitigate the impact of inflation on costs going forward. Cement volumes remained stable a...

Cementir's 1Q22 regional results boosted by domestic cement sales

09 May 2022, Published under Cement News

In the1Q22 Cementir’s regional revenues were boosted by Danish sales that reached EUR109m, up 17.7 per cent compared to EUR92.6m in the 1Q21, thanks to sustained demand in all business activities and the increase of sales prices, said Cementir. Cement volumes on the domestic market, both grey and white, increased by around 20 per cent due to growth in all the main market segments, due to favourable weather conditions and the start of new infrastructure projects. Exports of white cement,...

Cementir reported 1Q22 EBITDA of EUR60.7m

06 May 2022, Published under Cement News

Cementir 's EBITDA amounted to EUR60.7m in the 1Q22, an increase of 26.2 per cent compared to EUR48.1m in the 1Q21, following better results achieved to varying degrees in almost all the regions driven to a large extent by the revenue increase as described above. In the first three months of 2022, cement and clinker sales volumes of 2.4Mt were up 1.8 per cent compared to 2021. The increase is attributable to the positive performance of Belgium, Denmark and the United States despite the dec...

UltraTechCement Ltd reports consolidated sales of INR155bn in 4QFY21-22

02 May 2022, Published under Cement News

UltraTech Cement Ltd has announced its financial results for the 4QFY21-22 and year ended 31   March 2022. The company reported consolidated net sales of INR155,570m (US$2035m) in the 4QFY21-22 versus 142,320m over the corresponding period of the previous year. Profit before interest, depreciation and tax in the 4QFY21-22 was INR31,650m compared to INR37,510m in the corresponding period of the previous year. Normalised profit after tax was INR14780m in the 4QFY21-22 compared t...

Cemex reports 1Q22 net sales increase of 13%

29 April 2022, Published under Cement News

Cemex announced its first quarter of 2022 results, with consolidated net sales and EBITDA growing YoY by 13 and three per cent, respectively, despite a challenging cost environment. The growth was led by a 12 per cent increase in cement prices in LfL terms, eight per cent in ready-mix, and seven per cent in aggregates, with all regions contributing to pricing gains.   Cemex continued to enjoy strong demand dynamics, with cement and ready-mix volumes growing high single to double-digits...

Breedon Group's revenue growth reaches 16% in 1Q22

28 April 2022, Published under Cement News

Breedon Group plc has announced that it started the year well with order intake and volumes following usual seasonal patterns through the first three months of 2022. End markets remain supportive, leading to reported and LfL revenue growth of 16 per cent over the first quarter of 2021.   Acceptance of rising input costs, and the increasingly dynamic price environment across all major product groups, has enabled full cost recovery through the quarter and is encouraging, said Breedon Gro...

Cementos Molins records a net profit of EUR22m in 1Q22

28 April 2022, Published under Cement News

Cementos Molins released its results for the 1Q22, a period highlighted by strong energy, logistic, and raw material cost inflation that started by mid-2021. In the first three months of the year, Cementos Molins' r evenues achieved EUR274m, 23 per cent higher than the same period of the previous year. This significant increase is driven mainly by last year’s acquisitions and the higher activity in South America. On a LfL basis of currencies and consolidation scope revenues increased by ...

Holcim records 1Q22 net sales growth of 20%

25 April 2022, Published under Cement News

Holcim announced net sales amounted to CHF6440m (US$6.72bn) in the 1Q22, up 20.1 per cent from CHF5362m recorded in the 1Q21. The company achieved double-digit net sales growth in Solutions  & Products, driven by its roofing business sales, to achieve net sales of CHF5bn. Cement volumes reached 46.1Mt in the 1Q22, down 2.6 per cent on 47.3Mt recorded in the 1Q21. Sales of aggregates reached 51.5Mt up from 48.5Mt in the 1Q21, a rise of 6.1 per cent. Ready-mix volumes increased to 10.9...

CRH reports 1Q22 revenue growth of 15%

22 April 2022, Published under Cement News

CRH has reported 1Q22 revenues establishing a growth 15 per cent, up 13 per cent LfL. The Europe Materials division grew at 18 per cent in organic terms while the Americas Materials division recorded nine per cent organic sales growth. Aggregates saw volumes fall of three per cent in the quarter, impacted by poor weather conditions in the northeastern US. Asphalt grew a strong 19 per cent, helped by an  eight per cent price increase. In the cement division prices rose 11 per cent ...

Votorantim Cimentos' regional results in 2021 reach almost record levels

04 April 2022, Published under Cement News

Votorantim Cimentos reported close to record growth in all regions for its performance in 2021 with total cement sales of 37.2Mt across all regions. “Our business strategy and recent acquisitions, combined with our resilience and operational excellence led us to achieve sales growth in all regions and to close the year with record results,” said Marcelo Castelli, global CEO of Votorantim Cimentos. In Brazil Votorantim Cimentos had net revenue of BRL10.3bn (US$2.1bn) in 2021, a ...