CEMEX report highest EBITDA growth in a decade

EBITDA up 18% and net sales up 14%; plus significant progress on climate action agenda

CEMEX have announced strong results for the full year 2021 with double-digit EBITDA growth, the highest in more than a decade, coupled with a double-digit increase in sales driven by higher volumes and robust pricing in all core products in all regions.

Net sales increased by 14% to US$14,548 million in 2021, whilst operating EBITDA increased by 18% to US$2,861 million and operating EBITDA margin expanded 0.8 percentage points to 19.7%. In addition, CO2 emissions declined 4.4 percentage points in 2021, the largest annual decline the company has ever achieved.

‘We are very pleased to report exceptional financial and strategic performance during 2021, despite the unprecedented challenges from Covid and cost inflation. I am proud of our efforts, the organization, and how we responded to the unique circumstances of the year,’ said CEMEX chief executive officer Fernando A. González.

‘In 2021, under our Future in Action programme, we accelerated our climate action ambition, establishing more aggressive 2030 decarbonization goals as well as a detailed plant-by-plant roadmap to reach the targets.

‘With our enhanced roadmap in place, we achieved our lowest carbon emission level on record and our largest annual year-over-year decline, and we pushed the boundaries on innovation – introducing new sustainable products and developing breakthrough decarbonization technologies.

‘Our performance gives me great confidence that we can reach not only our 2030 climate goal, but also our Net Zero ambition.’