Boston, MA 02/20/2014 (wallstreetpr) – Cemex SAB de CV (ADR) (NYSE:CX) fourth quarter sales were impressive coming in at $3.9 billion an increase of 4% compared to the fourth quarter of F2012. Sales for the full year also increased 2% to clock in at $15.2 billion. Cemex chief executive officer was up-bit about the results as it marked the third consecutive year the company had registered growth in its EBITDA, mostly driven by an improvement in pricing and sales volume in various regions Cemex successfully accessed Capital markets issuing a total of $3.1 billion in four different transactions.
Cemex financial results
Cemex SAB de CV (ADR) (NYSE:CX) fourth quarter operating EBITDA increased by 4% compared to the same quarter a year ago to clock in at $642 million and $2.6 billion for the full year. Higher volumes in the US, Asia and Northern Europe caused the massive increase in sales for the full year and the fourth quarter.
Controlling interest net loss for the quarter dropped from highs of $494 million reported in 4Q12 to lows of $255 million. For the full year, net loss came in at $843 million compared to $913 million registered in F2012.
Operating EBITDA margin for the quarter remained flat while reaching 16% on a year over year basis, free cash flow after maintenance on the other hand dropped from $228 million to $216 million. Mexico sales dropped by 6% during the quarter to come in at $785 million in contrast to $832 million registered in F2012 same quarter.
United States sales were up by 8% during the quarter to come in at $819 million with Northern Europe also reporting increased sales of 5% to come in at $77 million compared to $13 million registered in F2012.
Cemex SAB de CV (ADR) (NYSE:CX) remained stable on Wednesday trading session slightly moving up by 0.23% to close the day at highs of $13.28.
(NYSE:AA)’s stock which moved up by 3.16% on Wednesday trading session to close at $11.76.
