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Cemex Latam Holdings announces 4Q20 EBITDA fall of 1%
12 February 2021
Cemex Latam Holdings SA reported that the company s consolidated net sales and EBITDA in the 4Q20 fell by three and one per cent, respectively, compared to the 4Q19. 
Jesús González, CEO of Cemex Latam Holdings, commented: I am proud of how the organisation responded to the challenge of the sudden arrival of COVID-19 in our footprint. We reacted quickly and forcefully to a highly uncertain situation, prioritising the safety of our employees and customers while ensuring business continuity and financial flexibility. In a challenging year , we achieved a margin expansion of 2.1 percentage points, a 45 per cent free cash follow to EBITDA conversation rate and an 11 per cent reduction in net debt. ....

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