Cemex Sab De Cv (CX) has released an update.
Cemex aims for robust EBITDA growth through strategic initiatives including accelerated growth in the US, profitable decarbonization in Europe, a strong focus on its Mexican market presence, and expansion of its Urbanization Solutions business. The company plans to enhance shareholder value with a new dividend program starting in Q2 2024, backed by strong free cash flow and an improved leverage ratio. Cemex’s commitment to sustainable practices is also underscored by its ‘Reduce before Capture’ strategy, which has already led to significant reductions in CO2 emissions in its European operations.
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