CEMEX has announced double-digit top-line growth for 2022 and 4^th quarter driven by a robust pricing strategy designed to recover margins. For 2022, EBITDA and EBITDA margin showed improving trends in 4^th quarter. CO₂ emissions declined by ~4.6% in 2022, the second consecutive year of record carbon reductions.

“2022 was a year of unique challenges as inflation spiked to 40-year highs, but I am pleased by how we responded and expect to continue to see the benefits of our strategy play out in 2023,” said Fernando A. González, CEO of CEMEX. “Importantly, after several quarters in which we have been able to offset inflation in dollar terms, I am seeing growing evidence that actual margin recovery is underway.

While EBITDA margin declined in 4^th quarter, the contraction was the lowest of the year, and sequential margins stabilised in a quarter where we historically see a significant decline due to seasonality. We also continued to achieve record-breaking reductions in CO₂ emissions. Since the introduction of our Future in Action program in 2020, we have reduced emissions by approximately 9%, a reduction that in the past took us more than a decade to achieve”.

For all the figures and the full press release click here.