• Volumes were stronger in October in the emerging markets that we monitor, but the rate of improvement was slower than in September. • For the 12 countries where data is currently available, cement shipments in October 2020 were higher than in October 2019 in 10 countries, whereas they declined in only two. There were…

• Summary. Q3 profits increased for 11 of the 14 largest global cement companies mainly due to lower costs which boosted margins. Votorantim (+58.5%) and Dangote (+54.3%) reported the largest EBITDA increases on a like-for-like basis, with results converted to US dollars to improve comparability. • Comparison of 14 global cement companies Q3/nine month results.…

Recent construction data for major developed markets

Latest quarter comparative results analysis of US/North America Based Businesses

• The 1.9% decline in September’s 2020’s shipments over September 2019 was probably partly due to the strong comparative with September 2019 when there was a 38.1% increase, although this followed a 19.5% decline in September 2018. • The weather was also wetter than normal in Texas in September 2020 and was wetter than in…

Our Q3 / half year reporting season starts next Wednesday (28 October) for the nine companies that we publish forecasts for with Cemex as usual being the first to announce. After Q2 results surprised positively, Q3 results are more likely to be in-line with Cemex and Heidelberg both having already reported their July and August…

• August’s 7.0% decline in US cement shipments was probably caused by a combination of the extremely hot weather and the impact of COVID preventative measures. • Shipments in the first eight months of 2020 were 0.7% higher than in the same period last year. For the full-year the Portland Cement Association currently has three…

Margins at region and country level

Chinese companies again dominate