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| Cemex to meet fourth quarter expectations Mexican concrete giant Cemex expects EBITDA for the quarter ending December 31, 2006 of about US$930 million, an increase of about 3% versus the same period last year, while operating income is expected to be about US$620 million, 22% higher than the same period a year ago. For the fourth quarter, Cemex expects revenue of close to US$4.3 billion, an increase of 9% versus the same period a year ago. For the full year 2006, Cemex expects to meet its EBITDA guidance of US$4.1 billion, an increase of 15% versus the same period last year. Both revenues and operating income are expected to grow 17% for the full year 2006 compared to 2005, reaching close to US$18.0 billion and above US$2.9 billion, respectively; these results include the effect of consolidating the RMC group starting March 1st 2005. For the fourth quarter, Cemex expects domestic cement and ready-mix sales volumes in Mexico to increase about 6% and 22%, respectively, versus the same quarter a year ago. For the full year, volumes are expected to increase 8% and 22%, respectively, versus the same period of last year. The infrastructure and formal construction continue to be the main drivers of cement. The self-construction sector has had a positive trend during the year. write your comments about the article :: © 2006 Construction News :: home page |