• 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.…

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

Cemex, Heidelberg and Lafarge Holcim: ROCE, EBITDA margins at Group level. Separate analyses of cement and aggregates businesses profitability