The Mexican cement factory cemexone of the largest in the world, said Monday during an earnings call that it will continue with its pricing strategy and continue to increase prices in 2023.
Earlier in the morning, the company reported losses in the last quarter of 2022, despite having increased its total revenue through higher prices in its markets.
“Definitely the work is not done”, said its financial director, Maher Al-Haffar, referring to the increase in amounts, while noting that they will continue to accelerate them.
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Along the same lines, the communication officer of the Mexican company, Lucy Rodríguez, pointed out that its pricing strategy remains the same and will seek to “equate to inflation.”
The results affected the shares of Cemex, which has operations in the Americas, Europe, Africa, Asia and the Middle East, placing it in the morning as the biggest loser in the main Mexican stock index S&P/BMV IPC, which rose more than 1%.
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Source: Gestion
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