EBITDA Savings Increase
CEMEX increased its expected EBITDA savings for the year to $200 million, up from $150 million, and anticipates a run rate of $400 million by 2027 due to Project Cutting Edge.
Strong EMEA Performance
The EMEA region achieved the highest first half EBITDA in recent history with a margin expansion of almost 3 percentage points, supported by volume recovery and operating leverage.
Net Income Growth
Net income for the quarter increased by 38% due to strong FX rates and lower interest expenses.
Operational Efficiency Improvements
Energy costs per ton of cement declined by 14%, contributing positively to overall cost improvements.
Successful Debt Management
CEMEX replaced $1 billion subordinated perpetual notes with new notes at a lower spread, enhancing free cash flow by reducing the coupon rate.