• 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

• Volumes were stronger in September in the emerging markets that we monitor. • For the 12 countries where data is currently available, cement shipments in September 2020 were higher than in September 2019 in 10 countries, whereas they declined in only two. There were double-digit percentage increases in seven countries. • Sequentially, comparing the…

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…

Margins at region and country level

Chinese companies again dominate

Main Highlights

Importance of energy costs. Types of fuels used. Data on fuel and electricity costs. Company guidance on 2019 energy costs

Comparative data on 4 major emissions (Carbon, nitrogen, sulphur and dust). Carbon Cap and Trade systems