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MarketScreener Homepage  >  Equities  >  Mexican Stock Exchange  >  CEMEX, S.A.B. de C.V.    CEMEX CPO   MXP225611567

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

(CEMEX CPO)
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Mexico's Cemex posts quarterly loss due to coronavirus-led lockdowns

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07/27/2020 | 06:49am EDT

July 27 (Reuters) - Mexican cement producer Cemex SAB de CV on Monday reported a loss for the second quarter, hurt by sales declines across most of its markets due to coronavirus-led lockdowns.

The United States, Cemex's biggest market, was the only region to report positive sales growth of 1%.

Its other markets including Mexico, Europe, Middle East, Africa and Asia, and South, Central America and the Caribbean posted declines of between 10% and 30%.

Net loss was $44 million in the second quarter, compared with a profit of $155 million a year earlier.

"In the quarter, we saw a rapid V-shaped volume recovery in our core products from trough levels in April, reaching slightly below pre-COVID-19 volumes in June," Chief Executive Officer Fernando González said.

"We expect that COVID-19 will continue to challenge our operations in new ways over the next few quarters."

Monterrey-based Cemex, which operates in more than 50 countries, said earlier this year it was delaying capital expenditure and cutting a percentage of employees' salaries or allowances for a period of three months to cut costs amid the coronavirus crisis. (Reporting by Ankit Ajmera in Bengaluru; Editing by Aditya Soni)


Stocks mentioned in the article
ChangeLast1st jan.
CEMEX LATAM HOLDINGS, S.A. 0.00% 2805 End-of-day quote.-36.32%
CEMEX, S.A.B. DE C.V. -2.04% 8.66 End-of-day quote.22.32%
DOW JONES AFRICA TITANS 50 INDEX -0.14% 485.86 Delayed Quote.-9.41%
S&P AFRICA 40 INDEX -0.01% 160.77 Delayed Quote.-6.93%
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Financials (USD)
Sales 2020 12 431 M - -
Net income 2020 183 M - -
Net Debt 2020 10 306 M - -
P/E ratio 2020 27,7x
Yield 2020 -
Capitalization 6 102 M 6 097 M -
EV / Sales 2020 1,32x
EV / Sales 2021 1,20x
Nbr of Employees 40 150
Free-Float 31,3%
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Technical analysis trends CEMEX, S.A.B. DE C.V.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 7
Average target price 0,41 $
Last Close Price 0,41 $
Spread / Highest target 24,4%
Spread / Average Target -1,93%
Spread / Lowest Target -26,7%
EPS Revisions
Managers
NameTitle
Fernando Angel González Olivieri Chief Executive Officer & Non-Independent Director
Rogelio Zambrano Lozano Executive Chairman
Maher Al-Haffar Executive Vice President-Finance & Administration
Dionisio Garza Medina Independent Director
Armando Jorge García Segovia Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
CEMEX, S.A.B. DE C.V.22.32%6 097
CRH PLC-12.28%29 067
VULCAN MATERIALS COMPANY0.99%19 259
ULTRATECH CEMENT LIMITED11.33%17 612
MARTIN MARIETTA MATERIALS, INC-6.16%16 340
HEIDELBERGCEMENT AG-16.96%12 669