Entering text into the input field will update the search result below

Cemex's (CX) CEO Fernando Gonzalez on Q4 2018 Results - Earnings Call Transcript

Feb. 07, 2019 10:11 PM ETCEMEX, S.A.B. de C.V. (CX)
SA Transcripts profile picture
SA Transcripts

Cemex, S.A.B. de C.V. (NYSE:CX) Q4 2018 Earnings Conference Call February 7, 2019 10:00 AM ET

Company Participants

Fernando Gonzalez – Chief Executive Officer

Maher Al-Haffar – Executive Vice President of Investor Relations, Communications and Public Affairs

Conference Call Participants

Benjamin Theurer - Barclays

Carlos Peyrelongue - Bank of America Merrill Lynch

Adrian Huerta - JP Morgan

Vanessa Quiroga - Credit Suisse

Mauricio Serna - UBS

Yassine Touahri - On Field Investment Research


Good morning. Welcome to the CEMEX Fourth Quarter 2018 Conference Call and Webcast. My name is Sophia, and I'll be your operator for today. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions] Our host for today are Fernando Gonzalez, Chief Executive Officer; and Maher Al-Haffar, Executive Vice President of Investor Relations, Communications and Public Affairs.

And now, I'll turn the conference over to your host, Fernando Gonzalez. Please proceed.

Fernando Gonzalez

Thank you. Good day to everyone, and thank you for joining us for our fourth quarter 2018 conference call and webcast. We will be happy to take your questions after our initial remarks. We are pleased with our 6% consolidated top line growth during 2018, with high single-digit increases in Mexico, the U.S. and our EMEA region. This performance was supported by stronger consolidated volumes and prices.

Our like-to-like consolidated cement, ready-mix and aggregates volumes grew by 1%. 3% and 2% respectively during the year. These increases are higher than those we experienced in 2017. For cement, volume increased in markets representing close to 80% of our total volumes. Our prices improved in most of our main markets. During the year, consolidated prices in local currency terms increased by 3% for cement and by 4% for both ready-mix and aggregates. In the case of ready-mix and aggregates, price expansions were higher than those observed in 2017.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.