CEMEX SAB de CV (CX) Financial News - Mexico's Cemex may generate $5 bln EBITDA in 5 years
CEMEX SAB de CV (CX)
Mexico's Cemex may generate $5 bln EBITDA in 5 years
2010-07-28 10:36:50
Keywords: South and Central America,Emerging countries,Mexico,Building Materials,Construction and engineering (industry),United States of America,Corporate Results,Construction materials,Basic materials,Mineral resources,Business activities,Corporate Results Foreca
Quote: MEXICO CITY |Tue Jul 27, 2010 12:22pm EDT
MEXICO CITY July 27 (Reuters) - Mexico's Cemex (CMXCPO.MX),
the world's No. 3 cement maker, said on Tuesday it anticipates
earnings before interest, tax, depreciation and amortization
(EBITDA) at $5 billion per year within five years. "We have an important number of assets that are not
currently generating any cash, mostly in Spain and the United
States," Fernando Gonzalez, executive vice president of
planning and finance, told a conference on Tuesday. "When the recovery comes, we will be able to generate $5
billion per year," he said.(Reporting by Gabriela Lopez and Robin Emmott, editing by
Maureen Bavdek)...Open whole article (external link)