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| Cemex announces expectations for the second quarter of 2007 Mexican cement giant Cemex announced that it expects EBITDA for the quarter ending June 30, 2007 to be about US$1,120 million, a decrease of about 2% versus the same period last year, while operating income is expected to be close to US$810 million, 6% lower than the same period a year ago. Cemex expects sales in excess of US$4.9 billion, an increase of around 6% versus the same period a year ago. For the first six months of the year, Cemex expects EBITDA of about US$2, 010 million, while revenue is expected at close to US$9.4 billion, a growth of 2% and 9% respectively. Rodrigo Treviño, Cemex's Chief Financial Officer, said: "The results for the quarter reflect the ongoing correction in the residential sector in the United States, which is partially mitigated by a strong operating performance in most of our other markets. We continue with our cautious optimism for 2007 and, on balance, we are encouraged by the favorable supply-demand dynamics present in most of our markets. We expect to deliver EBITDA of about US$4.3 billion in 2007 and free cash flow after maintenance capital expenditures of about US$2.7 billion." write your comments about the article :: © 2007 Construction News :: home page |