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 - 12/02
13.29 MXN   0.00%
11/09Corporate Mexico feels heat from global supply chain crunch
RE
11/08ADRs Close Higher; 51job Falls
DJ
11/08Mexico's Cemex closes $3.25 bln sustainability-linked credit agreement
RE
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

CEMEX B de C : sees double-digit U.S. price hikes as supply chain snags weigh

10/07/2021 | 02:02pm EST
The logo of Mexican cement maker CEMEX is pictured at it's plant in Monterrey

(Recasts first paragraph; adds comments on Mexico's electricity reform bill, Mexican exports to U.S.)

MEXICO CITY, Oct 7 (Reuters) - Mexican concrete giant Cemex said on Thursday that supply chain snags and project delays will squeeze its full-year operating profit, even as it plans double-digit U.S. price hikes to offset higher costs.

Together with inflation and foreign exchange effects, the snags and delays could hit earnings this year by around $100 million, its chief executive said in a presentation for investors and analysts.

"What has changed is inflation. We thought we were going to have inflation, but not as much as we've seen, particularly fuels, electricity, maritime transportation in particular," Chief Executive Fernando Gonzalez said.

"We are increasing prices on a much more frequent basis."

Cemex will report third-quarter results at the end of the month with more detailed information on the impact to earnings before interest, taxes, depreciation and amortization (EBITDA), Gonzalez said, adding that the company was also aiming to delay costs and some investments.

"There is a scarcity of certain goods," he said. "We've needed to buy at spot prices... that's more expensive than we're prepared to spend."

Jaime Muguiro, president of Cemex's U.S. operations, said the company would hike U.S. prices by double-digits throughout the coming year, in part to offset higher energy and shipping costs.

He praised a $1 trillion bipartisan infrastructure bill under consideration by U.S. lawmakers, saying the $550 billion increase in funding for projects such as bridges, highways and transportation would have a positive impact on demand.

Cemex also projected spending $410 million in capital expenditures in the United States, one of its key markets, over the next three-to-four years, Muguiro said.

In Mexico, Cemex's third-biggest market, the company is analyzing the potential implications of a proposed electricity reform https://www.reuters.com/world/americas/mexico-president-says-electricity-reform-has-been-sent-congress-2021-10-01 and how it could impact Cemex's climate goals.

The bill would boost state control of the electricity market and set limits on private sector involvement, including companies that produce renewable energy.

Ricardo Naya, the head of Cemex's Mexico unit, said Cemex currently sources just 30% of its energy from the state-run Comision Federal de Electricidad (CFE).

Naya also noted that cement exports to the United States are on track to hit a record this year, outdoing the past high from 2006. (Reporting by Daina Beth Solomon and Cassandra Garrison; Editing by Marguerita Choy, Christian Plumb and Dan Grebler)


© Reuters 2021
All news about CEMEX, S.A.B. DE C.V.
11/09Corporate Mexico feels heat from global supply chain crunch
RE
11/08ADRs Close Higher; 51job Falls
DJ
11/08Mexico's Cemex closes $3.25 bln sustainability-linked credit agreement
RE
11/08Credit Agreement - Form 6-K
PU
11/08CEMEX, S.A.B. de C.V. Successfully Closes New $3.25 Billion Syndicated Credit Agreement
CI
11/08CEMEX closes unsecured bank agreement with investment grade terms and conditions for U...
PU
11/05Press Release Test
PU
11/04CEMEX is founding member of World Economic Forum's "First Movers Coalition" to drive de..
PU
11/04CEMEX Is Founding Member of World Economic Forum's “First Movers Coalition”..
BU
11/02CEMEX invests in pioneer solar technology
PU
More news
Analyst Recommendations on CEMEX, S.A.B. DE C.V.
More recommendations
Financials (USD)
Sales 2021 14 747 M - -
Net income 2021 1 113 M - -
Net Debt 2021 8 733 M - -
P/E ratio 2021 9,62x
Yield 2021 -
Capitalization 9 193 M 9 183 M -
EV / Sales 2021 1,22x
EV / Sales 2022 1,09x
Nbr of Employees 46 543
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
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 0,63 $
Average target price 1,04 $
Spread / Average Target 66,2%
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.29.41%9 198
CRH PLC27.87%38 020
ULTRATECH CEMENT LIMITED38.47%28 226
VULCAN MATERIALS COMPANY27.42%25 079
MARTIN MARIETTA MATERIALS, INC.41.30%25 031
GRASIM INDUSTRIES LIMITED81.02%14 743