Record 2023 results for global materials giant
08 February 2024
Global building materials company Cemex has announced strong financial results for the year 2023.
The Mexico-headquartered company experienced an 8% growth in net sales, to US$17,416 million, and a 20% increase in EBITDA (earnings before interest, taxes, depreciation and amortisation), to US$3,347 million.
It also more than doubled its free cash flow, after maintenance capital expenditure, to US$1.2 billion.
As well as achieving a…