Cemex announced that consolidated net sales reached $3.8 billion during the second quarter of 2015, an increase of 5 percent on a like-to-like basis for the ongoing operations and adjusting for currency fluctuations, versus the comparable period in 2014. Operating EBITDA increased by 1 percent during the quarter to $744 million versus the same period in 2014. On a like-to-like basis, operating EBITDA increased by 13 percent in the same period.
During the second quarter of 2015, controlling interest net income was $114 million, an improvement of 50 percent over an income of $76 million in the same period last year.
Net sales in operations in Mexico decreased 9 percent in the second quarter of 2015 to $745 million, compared with $816 million in the second quarter of 2014. Operating EBITDA increased by 4 percent to $256 million versus the same period of last year.
Cemex’s operations in the United States reported net sales of roughly $1 billion in the second quarter of 2015, up 5 percent from the same period in 2014. Operating EBITDA increased 31 percent to $156 million in the second quarter of 2015, from $119 million in the same quarter of 2014.
Operations in South, Central America and the Caribbean reported net sales of $517 million during the second quarter of 2015, representing a decrease of 8 percent over the same period of 2014. Operating EBITDA decreased 10 percent to $160 million in the second quarter of 2015, from $178 million in the second quarter of 2014.
Fernando A. Gonzalez, chief executive officer, said: “We are pleased with our results. Our controlling interest net income during the quarter was the highest in six years. In addition, our operating EBITDA grew by 13 percent on a like-to-like basis. This is the third quarter with double-digit, like-to-like growth in EBITDA.
“On the financing side, we are pleased to announce that as of today we have commitments from 19 financial institutions to fully repay approximately $1.94 billion outstanding under our Facilities Agreement maturing in February 2017. The new debt is expected to have a final amortization in 2020 and benefit from a lower interest rate, which is expected to initially represent savings in our financial expense of close to $20 million annually.”
