Votorantim ends 2020 with net revenue of BRL16.7bn 09 April 2021
Votorantim Cimentos ended 2020 with global net revenue of BRL16.7bn (US$2.98bn), an increase of 29 per cent compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the USA, and by the positive impact of the devaluation of the real on the results of the other regions.
Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was BRL3.8bn, an increase of 43 per cent over the previous year, with an EBITDA margin of 22.9 per cent, an increase of 2.4 percentage points compared to 2019. At the end of 2020, the company’s leverage (net debt/EBITDA ratio) was 1.96x, the best result in the last decade.
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Votorantim Cimentos ended 2020 with global net revenue of R$16.7 billion, an increase of 29% compared to 2019. This result can be primarily explained by the increase in sales volume in Brazil, Canada and the United States, and by the positive impact of the devaluation of the real on the results of the other regions. Consolidated adjusted EBITDA (earnings before interest, taxes, depreciation and amortisation) was R$3.8 billion, an increase of 43% over the previous year, with an EBITDA margin of 22.9%, an increase of 2.4 percentage points compared to 2019. At the end of 2020, the company’s leverage (net debt/EBITDA ratio) was 1.96x, the best result in the last ten years.
December 21, 2020
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Climate change, the Paris Agreement and talk of saving the planet have, for many years, been highly politicized topics. Viewpoints have differed greatly, and few have been willing to risk relationships with customers, vendors and others to take a stance on the issue. Major industries such as construction, building materials and heavy machinery, until now, were relatively quiet on the issue.
Taking steps to reduce greenhouse gas emissions to lower the global temperature increase, as the Paris Agreement aims to do to limit global warming well below 2° Celsius and as close to 1.5° Celsius as possible have long been considered a political move. Few in the manufacturing and industrial sectors world have been willing to rock the boat and publicly embrace the Paris Agreement. When it comes to the concrete and cement industry, some have questioned the need to change. After all, concrete is the most used building material, second o
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