News

Votorantim Cimentos, a sustainable building materials and solutions company, ended the third quarter of 2022 with consolidated net revenue of R$7.6 billion, an increase of 19% compared to the same period last year. This result is primarily due to favorable price dynamics in all regions, which offset the slight drop in volume and the negative effect of the appreciation of the real against the euro on the consolidation of the results of operations abroad.

Holcim has closed the sale of its business in Brazil to CSN (Companhia Siderúrgica Nacional) for an enterprise value of USD 1.025 billion.

The rapid rise in production costs in the cement industry, combined with rising interest rates and inflation, added to the global geopolitical instability environment, have significantly contributed to the sector's low sales performance.

Votorantim Cimentos ended 2021 with net profit of R$1.6 billion, an increase of 244% compared to 2020, primarily due to better operating results—with growth in sales in all regions where the company operates—and gains related to the consolidation of acquisitions made in North America and Spain.

The company had global net revenue of R$6.4 billion in the third quarter of the year, an increase of 24% compared to 3Q2020

Votorantim Cimentos ended the second quarter with adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) of R$ 1.5 billion