CEMEX, S.A.B. de C.V. reported strong results for the full year 2021, posting a net sales increase of 14% to $14.55 billion in 2021, and 3% to $3.62 billion in the fourth quarter.
- CEMEX’s operations in the United States reported net sales of $4.36 billion in 2021, an increase of 9%, and $1.09 billion in the fourth quarter, an increase of 8%.
- Net sales in Mexico increased 23% in 2021, to $3.47 billion, and 1% in the fourth quarter, to $841 million.
- CEMEX’s operations in the South, Central America and the Caribbean region, reported net sales of $1.57 billion in 2021, an increase of 16%, and $3.91 billion in the fourth quarter, an increase of 2%.
- In the Europe, Middle East, Africa and Asia region, net sales increased by 10% in 2021, to $4.82 billion, and 1% in the fourth quarter, to $1.20 billion.
“We are very pleased to report exceptional financial and strategic performance during 2021, despite the unprecedented challenges from COVID and cost inflation. I am proud of our efforts, the organization, and how we responded to the unique circumstances of the year,” said Fernando A. González, CEO of CEMEX. “In 2021, under our Future in Action program, we accelerated our climate action ambition, establishing more aggressive 2030 decarbonization goals as well as a detailed plant by plant roadmap to reach the targets. With our enhanced roadmap in place, we achieved our lowest carbon emission level on record and our largest annual year over year decline. And we pushed the boundaries on innovation – introducing new sustainable products and developing breakthrough decarbonization technologies. Our performance gives me great confidence that we can reach not only our 2030 climate goal but also our Net Zero ambition.”
The company also said it has made material progress in its Working Smarter digital transformation initiative, through which the company is leveraging a combination of digital technologies, operative models and innovation from leading service suppliers to reshape its business-management services. Working Smarter is a pillar in CEMEX’s digital strategy alongside CEMEX Go, the industry’s first digital global platform.
Working Smarter will capture current and future opportunities to enhance business-management services worldwide. Services range from finance and accounting back office, information technology and human resources to commercial back- and middle-office services. The initiative brings all worldwide locations together into a unified CEMEX experience, supported by data analytics, artificial intelligence, and cognitive technologies to enrich the employee experience.