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Cemex showcases significant operational and sustainability advancements in its 2024 Integrated Report

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Cemex has released its 2024 Integrated Report highlighting significant operational and sustainability achievements. The company achieved its second-strongest sales and Operating EBITDA in recent history, along with the highest free cash flow after maintenance capital expenditures since 2017.

Key financial highlights include regaining an investment-grade rating from Standard & Poor's and Fitch, reaching a record US$939 million in net income, and announcing a progressive shareholder dividend program.

Through its Future in Action program, Cemex has made substantial progress in decarbonization efforts:

  • 15% reduction in cement Scope 1 CO2 emissions since 2020
  • 18% reduction in Scope 2 emissions
  • 63% of cement sales and 55% of concrete sales from Vertua products
  • Received €157 million EU Innovation Fund grant for CO2 capture at Rüdersdorf plant

The company ranked #1 in climate transition among 91 companies in hard-to-abate industries and achieved a Net Promoter Score of 74.

Cemex ha pubblicato il suo Rapporto Integrato 2024 evidenziando significativi risultati operativi e di sostenibilità. L'azienda ha raggiunto il secondo miglior fatturato e EBITDA operativo della sua recente storia, insieme al più alto flusso di cassa libero dopo le spese in conto capitale di manutenzione dal 2017.

I principali punti finanziari includono il recupero di un rating investment-grade da parte di Standard & Poor's e Fitch, il raggiungimento di un record di US$939 milioni di utile netto e l'annuncio di un programma di dividendi per gli azionisti progressivo.

Attraverso il suo programma Future in Action, Cemex ha compiuto notevoli progressi negli sforzi di decarbonizzazione:

  • Riduzione del 15% delle emissioni di CO2 Scope 1 nel cemento dal 2020
  • Riduzione del 18% delle emissioni Scope 2
  • Il 63% delle vendite di cemento e il 55% delle vendite di calcestruzzo provengono da prodotti Vertua
  • Ricevuto un finanziamento di €157 milioni dal Fondo per l'Innovazione dell'UE per la cattura di CO2 presso l'impianto di Rüdersdorf

L'azienda si è classificata al primo posto nella transizione climatica tra 91 aziende in settori difficili da decarbonizzare e ha raggiunto un punteggio Net Promoter di 74.

Cemex ha publicado su Informe Integrado 2024 destacando logros operativos y de sostenibilidad significativos. La empresa alcanzó sus segundas mejores ventas y EBITDA operativo en la historia reciente, junto con el flujo de caja libre más alto después de los gastos de capital de mantenimiento desde 2017.

Los aspectos financieros clave incluyen la recuperación de una calificación de grado de inversión por parte de Standard & Poor's y Fitch, alcanzando un récord de US$939 millones en ingresos netos, y el anuncio de un programa de dividendos progresivo para los accionistas.

A través de su programa Future in Action, Cemex ha logrado avances sustanciales en los esfuerzos de descarbonización:

  • Reducción del 15% en las emisiones de CO2 del Scope 1 en cemento desde 2020
  • Reducción del 18% en las emisiones del Scope 2
  • El 63% de las ventas de cemento y el 55% de las ventas de concreto provienen de productos Vertua
  • Recibió una subvención de €157 millones del Fondo de Innovación de la UE para la captura de CO2 en la planta de Rüdersdorf

La empresa se clasificó en el #1 en transición climática entre 91 empresas en industrias difíciles de descarbonizar y logró un puntaje de Net Promoter de 74.

Cemex는 2024 통합 보고서를 발표하며 중요한 운영 및 지속 가능성 성과를 강조했습니다. 이 회사는 최근 역사에서 두 번째로 강력한 매출과 운영 EBITDA를 기록했으며, 2017년 이후 유지 관리 자본 지출 후 가장 높은 자유 현금 흐름을 달성했습니다.

주요 재무 하이라이트로는 Standard & Poor's와 Fitch로부터 투자 등급을 회복하고, 9억 3천 9백만 달러의 순이익을 기록하며, 점진적인 주주 배당 프로그램을 발표한 것입니다.

Future in Action 프로그램을 통해 Cemex는 탈탄소화 노력에서 상당한 진전을 이루었습니다:

  • 2020년 이후 시멘트 Scope 1 CO2 배출량 15% 감소
  • Scope 2 배출량 18% 감소
  • 시멘트 판매의 63% 및 콘크리트 판매의 55%가 Vertua 제품에서 발생
  • Rüdersdorf 공장에서 CO2 포집을 위한 1억 5천 7백만 유로의 EU 혁신 기금 보조금 수령

회사는 탈탄소화가 어려운 산업에서 91개 기업 중 기후 전환 부문 1위를 차지했으며, Net Promoter Score가 74에 달했습니다.

Cemex a publié son Rapport Intégré 2024 mettant en avant des réalisations opérationnelles et de durabilité significatives. L'entreprise a atteint ses deuxièmes meilleures ventes et EBITDA opérationnel de l'histoire récente, ainsi que le flux de trésorerie libre le plus élevé après des dépenses en capital de maintenance depuis 2017.

Les points financiers clés incluent le rétablissement d'une note de crédit investment-grade de la part de Standard & Poor's et Fitch, atteignant un chiffre record de 939 millions de dollars US de revenu net, et l'annonce d'un programme de dividendes progressif pour les actionnaires.

Grâce à son programme Future in Action, Cemex a réalisé des progrès substantiels dans ses efforts de décarbonisation :

  • Réduction de 15 % des émissions de CO2 Scope 1 dans le ciment depuis 2020
  • Réduction de 18 % des émissions Scope 2
  • 63 % des ventes de ciment et 55 % des ventes de béton proviennent de produits Vertua
  • Obtention d'une subvention de 157 millions d'euros du Fonds d'Innovation de l'UE pour la capture de CO2 à l'usine de Rüdersdorf

L'entreprise s'est classée au premier rang en matière de transition climatique parmi 91 entreprises dans des secteurs difficiles à décarboniser et a atteint un score Net Promoter de 74.

Cemex hat seinen integrierten Bericht 2024 veröffentlicht, der bedeutende betriebliche und nachhaltige Erfolge hervorhebt. Das Unternehmen erzielte die zweithöchsten Verkaufszahlen und das höchste operative EBITDA in der jüngeren Geschichte sowie den höchsten freien Cashflow nach Instandhaltungsinvestitionen seit 2017.

Wichtige finanzielle Höhepunkte umfassen die Rückgewinnung eines Investment-Grade-Ratings von Standard & Poor's und Fitch, das Erreichen eines Rekords von 939 Millionen US-Dollar Nettogewinn und die Ankündigung eines progressiven Dividendenprogramms für Aktionäre.

Durch sein Programm Future in Action hat Cemex erhebliche Fortschritte bei den Dekarbonisierungsbemühungen erzielt:

  • 15% Reduktion der Scope 1 CO2-Emissionen im Zement seit 2020
  • 18% Reduktion der Scope 2-Emissionen
  • 63% der Zementverkäufe und 55% der Betonverkäufe stammen aus Vertua-Produkten
  • Erhielt einen Zuschuss von 157 Millionen Euro aus dem EU-Innovationsfonds zur CO2-Abscheidung im Werk Rüdersdorf

Das Unternehmen belegte den 1. Platz im Bereich Klimawandel unter 91 Unternehmen in schwer abbaubaren Branchen und erzielte einen Net Promoter Score von 74.

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MONTERREY, Mexico--(BUSINESS WIRE)-- Cemex presented its 2024 Integrated Report, titled Our Future in Action: Accelerating a Sustainable World, showcasing its operational and strategic performance in 2024. The year 2024 was marked by solid financial results, the recovery of Cemex’s investment-grade rating, and progress in its decarbonization agenda in alignment with Cemex’s 2030 targets.

In 2024, Cemex achieved the second-strongest sales and Operating EBITDA in its recent history, alongside the highest free cash flow after maintenance capital expenditures since 2017. The company also made significant progress on its decarbonization targets through its Future in Action program, continuing to lead the industry in profitable decarbonization efforts.

"Our global team's focused and committed efforts have advanced a business model with sustainable attributes, seeking to ensure both environmental progress and long-term value creation for Cemex,” said Fernando A. González, CEO of Cemex. “This year’s report demonstrates strategic progress in executing our growth strategy, reinforces our commitment to our Future in Action program, and underscores the power of going beyond traditional social responsibility to support our climate action goals."

Some of the main accomplishments presented in Cemex's 2024 Integrated Report are:

Financial:

  • Regained an investment-grade rating by Standard & Poor’s and Fitch.
  • Reached US$939 million in net income, a record level in Cemex’s recent history.
  • Announced a progressive shareholder dividend program.

Future in Action:

  • Since 2020, Cemex has reduced cement Scope 1- and 2-specific CO2 emissions by 15% and 18% respectively — a pace that would have previously taken 16 years to achieve.1 2
  • Vertua products accounted for 63% of total cement sales and 55% of total concrete sales, exceeding our 2025 sales goal of 50%.
  • Awarded a €157 million EU Innovation Fund grant for CO2 capture at Cemex’s Rüdersdorf plant in Germany, which is expected to become our first net-zero plant.
  • Ranked #1 by the World Benchmarking Alliance among 91 companies in hard-to-abate industries, including steel and aluminum, achieving the highest climate transition score.

Stakeholder Engagement:

  • Achieved a Net Promoter Score of 74, surpassing the industry customer loyalty benchmark.
  • Launched the Cemex Go Acceleration Program in the U.S., resulting in a 60% increase in order adoption rates.
  • Named to the Fortune Change the World List for the fourth year, recognizing our stakeholder engagement.

To read Cemex's 2024 Integrated Report, please visit:
http://www.cemex.com/en/integrated-report-2024

1 Compared to our 2020 baseline.
2 Like-for-like, excluding discontinued operations.

About Cemex

Cemex is a global construction materials company that is building a better future through sustainable products and solutions. Cemex is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. Cemex is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the help of new technologies. Cemex offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience enabled by digital technologies. For more information, please visit: www.cemex.com

Except as the context otherwise may require, references in this press release to “Cemex,” ”we,” ”us,” or ”our,” refer to Cemex, S.A.B. de C.V. and its consolidated subsidiaries. This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Cemex intends these forward-looking statements to be covered by the “safe harbor” provisions for forward-looking statements in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect Cemex’s current expectations and projections about future events based on Cemex’s knowledge of present facts and circumstances and assumptions about future events, as well as Cemex’s current plans based on such facts and circumstances, unless otherwise indicated. These statements necessarily involve risks, uncertainties, and assumptions that could cause actual results to differ materially from Cemex’s expectations, including, among others, risks, uncertainties, assumptions, and other important factors discussed in Cemex’s most recent annual report and detailed from time to time in Cemex’s other filings with the U.S. Securities and Exchange Commission and the Mexican Stock Exchange (Bolsa Mexicana de Valores), which factors are incorporated herein by reference, which if materialized could ultimately lead to Cemex’s expectations and/or expected results not producing the expected benefits and/or results. Forward-looking statements should not be considered guarantees of future performance, nor the results or developments are indicative of results or developments in subsequent periods. The forward-looking statements and the information contained in this press release are made and stated as of the dates specified in this press release and are subject to change without notice, and except to the extent legally required, we expressly disclaim any obligation or undertaking to update or correct this press release or revise any forward-looking statements contained herein, whether to reflect new information, the occurrence of anticipated or unanticipated future events or circumstances, any change in our expectations regarding those forward-looking statements, any change in events, conditions, or circumstances on which any statement is based, or otherwise. Any or all of Cemex’s forward-looking statements may turn out to be inaccurate. Accordingly, undue reliance on forward-looking statements should not be placed, as such forward-looking statements speak only as of the dates on which they are made. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. All references to prices in this press release refer to Cemex’s prices for Cemex products and services. Unless otherwise specified, all references to records are internal records

This press release and the documents referred to herein include certain non-International Financial Reporting Standards (“IFRS”) financial measures that differ from financial information presented by Cemex in accordance with IFRS in its financial statements and reports containing financial information. The aforementioned non-IFRS financial measures include “Operating EBITDA (operating earnings before other expenses, net plus depreciation and amortization)” and “Operating EBITDA Margin”. The closest IFRS financial measure to Operating EBITDA is “Operating earnings before other expenses, net”, as Operating EBITDA adds depreciation and amortization to the IFRS financial measure. Our Operating EBITDA Margin is calculated by dividing our Operating EBITDA for the period by our revenues as reported in our financial statements. We believe there is no close IFRS financial measure to compare Operating EBITDA Margin. These non-IFRS financial measures are designed to complement and should not be considered superior to financial measures calculated in accordance with IFRS. Although Operating EBITDA and Operating EBITDA Margin are not measures of operating performance, an alternative to cash flows or a measure of financial position under IFRS, Operating EBITDA is the financial measure used by Cemex’s management to review operating performance and profitability, for decision-making purposes and to allocate resources. Moreover, our Operating EBITDA is a measure used by Cemex’s creditors to review our ability to internally fund capital expenditures, service or incur debt and comply with financial covenants under our financing agreements. Furthermore, Cemex’s management regularly reviews our Operating EBITDA Margin by reportable segment and on a consolidated basis as a measure of performance and profitability. These non-IFRS financial measures do not have any standardized meaning and are therefore unlikely to be comparable to similarly titled measures presented by other companies. Non-IFRS financial measures presented in the reports, presentations, and documents to be disclosed during Cemex’s fourth quarter 2024 results conference call and audio webcast presentation are being provided for informative purposes only and shall not be construed as investment, financial, or other advice.

There is currently no single globally recognized or accepted, consistent, and comparable set of definitions or standards (legal, regulatory, or otherwise) of, nor widespread cross-market consensus i) as to what constitutes, a “green”, “social”, or "sustainable” or having equivalent-labelled activity, product, or asset; or ii) as to what precise attributes are required for a particular activity, product, or asset to be defined as “green” “social”, or “sustainable” or such other equivalent label; or iii) as to climate and sustainable funding and financing activities and their classification and reporting. Therefore, there is little certainty, and no assurance or representation is given that such activities and/or reporting of those activities will meet any present or future expectations or requirements for describing or classifying funding and financing activities as “green”, “social”, or “sustainable” or attributing similar labels. We expect policies, regulatory requirements, standards, and definitions to be developed and continuously evolve over time.

Analyst and Investor Relations - New York

Blake Haider

+1 (212) 317-6011

ir@cemex.com

Analyst and Investor Relations - Monterrey

Patricio Treviño Garza

+52 (81) 8888-4327

ir@cemex.com

Media Relations

Jorge Pérez

+52 (81) 8259-6666

jorgeluis.perez@cemex.com

Source: Cemex

FAQ

What are the key financial achievements in Cemex's 2024 Integrated Report?

Cemex achieved its second-strongest sales and Operating EBITDA, record net income of US$939 million, regained investment-grade rating, and announced a progressive shareholder dividend program.

How much has Cemex (CX) reduced its CO2 emissions since 2020?

Cemex has reduced its cement Scope 1 CO2 emissions by 15% and Scope 2 emissions by 18% since 2020.

What percentage of Cemex's 2024 sales came from sustainable Vertua products?

Vertua products accounted for 63% of total cement sales and 55% of total concrete sales, exceeding the 2025 goal of 50%.

How much EU funding did Cemex receive for CO2 capture in 2024?

Cemex was awarded a €157 million EU Innovation Fund grant for CO2 capture at its Rüdersdorf plant in Germany.

What was Cemex's customer satisfaction score in 2024?

Cemex achieved a Net Promoter Score of 74, which surpassed the industry customer loyalty benchmark.
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