Cemex presented its performance results for the fourth quarter of last year, reporting sales of three billion 811 million dollars, showing a five percent decrease compared to the same period of the previous year. Its operating cash flow also dropped three percent, reaching 681 million dollars.
For this year, Cemex expects weak volumes in its operations in Mexico. Although cash flow is expected to remain stable, the company plans to allocate one billion 400 million dollars in fixed asset investments, of which 800 million will be for maintenance and 600 million for strategic investments.
In consolidated terms, the cement company projects a low single-digit increase in cement and concrete volumes, and stable volumes in aggregates. However, for its operations in Mexico, a low to mid single-digit decrease in cement volumes is expected, a mid single-digit decrease for concrete, and stable behavior in aggregates.
Gerardo Cevallos, deputy director of fundamental analysis at Vector, mentioned that Cemex met its annual cash flow guidance, despite a one percent decrease in 2024 compared to the previous year. An announced savings program by the company was also highlighted to increase cash flow in the coming years.
Regarding net income for the quarter, Cemex disappointed the market by reporting an amount of 48 million dollars, 69 percent less than estimated, mainly due to losses in discontinued operations. Alik García, deputy director of stock analysis at Valmex, pointed out that the company experienced weak performance in Mexico and was affected by the exchange rate.
