Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Mexico
  4. Mexican Stock Exchange
  5. CEMEX, S.A.B. de C.V.
  6. News
  7. Summary
    CEMEX CPO   MXP225611567

CEMEX, S.A.B. DE C.V.

(CEMEX CPO)
  Report
End-of-day quote. End-of-day quote Mexican Stock Exchange - 09/24
14.79 MXN   -2.12%
09/15CEMEX B DE C : strengthens presence in Guatemala
PU
09/09CEMEX B DE C : aims to create first zero-emissions fleet
PU
09/07CEMEX B DE C : Notes Offering (Form 6-K)
PU
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

CEMEX B de C : CHP REPORTS SECOND QUARTER 2021 RESULTS (Form 6-K)

07/30/2021 | 07:59am EDT

CHP REPORTS SECOND QUARTER 2021 RESULTS

MANILA, PHILIPPINES. JULY 30, 2021 - CEMEX HOLDINGS PHILIPPINES, INC. ('CHP') (PSE: CHP), announced today that its consolidated net sales increased by 13%, reaching PHP 10.9 billion during the first six months of 2021, versus the comparable period in 2020. Sales increased by 43% year-over-year in the second quarter, amounting to PHP 5.7 billion, reflecting a low comparable base resulting from strict government lockdown last year.

CHP's domestic cement volumes increased by 16% during the first six months of 2021 versus the same period of last year. For the second quarter, domestic cement volumes increased by 45% year-over-year, supported by a low base effect.

CHP's domestic cement prices during the first six months of 2021 were 4% lower year-over-year. Net of freight charges, CHP's domestic cement prices during the first half of the year decreased by 1% year-over-year mainly due to competitive market dynamics and the impact of COVID-19 on business activity.

CHP's Operating EBITDA for the first six months of 2021 was PHP 2.3 billion, an increase of 26% versus the same period in 2020, mainly due to higher volume.

Operating EBITDA margin was 21% for the first six months of 2021, compared with 19% in the same period of last year.

For the second half of 2021, CHP expects its performance to be affected by seasonality factors resulting from the rainy season, competitive market dynamics, and inflationary cost pressures, while the threat of COVID-19 remains. The government's public infrastructure spending program should be a key driver of economic activity for the rest of the year.

Net income for CHP was PHP 804 million for the first six months of 2021, versus PHP 135 million for the first half of last year, mainly due to higher operating earnings.

Ignacio Mijares, President and CEO of CHP, said: 'Despite the positive developments we have seen during the first six months, we recognize that there will be headwinds during the second half of the year. I am confident in our ability to face these challenges through the commitment, teamwork, and proven resilience of our employees.'

Regarding CHP's Solid Cement New Line, the works on the different superstructures of the new line and installation of various equipment remained ongoing throughout the second quarter, following strict health and safety protocols during the current COVID-19 pandemic.

CHP now expects the construction of the Solid Cement New Line to be completed in June 2022.

1

CHP, a listed company at the Philippine Stock Exchange, is one of the leading cement producers in the Philippines, based on annual installed capacity. CHP produces and markets cement and cement products, such as ready-mix concrete and clinker, in the Philippines through direct sales using its extensive marine and land distribution network. Moreover, CHP's cement manufacturing subsidiaries have been operating in the Philippines with well-established brands, such as 'APO,' 'Island,' and 'Rizal,' all having a multi-decade history in the country. For more information please visit: www.cemexholdingsphilippines.com

CHP is an indirect subsidiary of CEMEX, S.A.B. de C.V., a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain, and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. The shares of CEMEX, S.A.B. de C.V. are listed on the Mexican Stock Exchange and the New York Stock Exchange. For more information please visit: www.cemex.com

For more information on CHP, please visit website: www.cemexholdingsphilippines.com.

# # #

This press release may contain forward-looking statements and information that are necessarily subject to risks, uncertainties and assumptions. Many factors could cause the actual results, performance or achievements of CHP to be materially different from those expressed or implied in this release, including, among others, changes in general economic, political, governmental and business conditions globally and in the countries in which CHP does business, changes in interest rates, changes in inflation rates, changes in exchange rates, the level of construction generally, changes in cement demand and prices, changes in raw material and energy prices, changes in business strategy, changes derived from events affecting CEMEX, S.A.B de C.V. and subsidiaries ('CEMEX') and various other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described herein. CHP assumes no obligation to update or correct the information contained in this press release.

2

Disclaimer

CEMEX SAB de CV published this content on 30 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 July 2021 11:58:10 UTC.


© Publicnow 2021
All news about CEMEX, S.A.B. DE C.V.
09/15CEMEX B DE C : strengthens presence in Guatemala
PU
09/09CEMEX B DE C : aims to create first zero-emissions fleet
PU
09/07CEMEX B DE C : Notes Offering (Form 6-K)
PU
09/07CEMEX B DE C : reinforces leadership in green financing presenting Sustainability-Linked F..
PU
09/07CEMEX B DE C : Reinforces Leadership in Green Financing, Presenting Sustainability-Linked ..
BU
09/07CEMEX, S.A.B. de C.V. Reinforces Leadership in Green Financing, Presenting Sustainabili..
CI
09/02CEMEX B DE C : participates in the construction of the largest aquarium in Latin America
PU
08/12CEMEX B DE C : supplies sustainable low-carbon concrete and recycling services to landmark..
PU
08/03CEMEX B DE C : Ventures invests in carbon capture tech of the future
PU
08/03Cemex Invests in Industrial Carbon-Capture Startup Carbon Clean
DJ
More news
Analyst Recommendations on CEMEX, S.A.B. DE C.V.
More recommendations
Financials (USD)
Sales 2021 14 681 M - -
Net income 2021 1 334 M - -
Net Debt 2021 8 549 M - -
P/E ratio 2021 9,23x
Yield 2021 -
Capitalization 10 855 M 10 809 M -
EV / Sales 2021 1,32x
EV / Sales 2022 1,21x
Nbr of Employees 43 771
Free-Float 31,3%
Chart CEMEX, S.A.B. DE C.V.
Duration : Period :
CEMEX, S.A.B. de C.V. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends CEMEX, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 0,74 $
Average target price 1,05 $
Spread / Average Target 42,2%
EPS Revisions
Managers and Directors
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Maher Al-Haffar CFO, Executive VP-Finance & Administration
Rogelio Zambrano Lozano Executive Chairman
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
Sector and Competitors
1st jan.Capi. (M$)
CEMEX, S.A.B. DE C.V.44.01%10 809
CRH PLC25.31%38 767
ULTRATECH CEMENT LIMITED42.23%29 396
VULCAN MATERIALS COMPANY18.71%23 359
MARTIN MARIETTA MATERIALS, INC.25.36%21 894
HEIDELBERGCEMENT AG9.21%15 417