Q2 2022 Cemex SAB de CV Earnings Call Transcript

Feb 10, 2024

Jul 28, 2022 / 02:00PM GMT
Louisa Page Rodriguez - CEMEX, S.A.B. de C.V. - EVP of IR, Corporate Communications & Public Affairs

Good morning. Thank you for joining us today for our Second Quarter 2022 Conference Call and webcast. I hope this call finds you and your family in good health. I am joined today by Fernando Gonzalez, our CEO and Maher Al-Haffar, our CFO. As always, we will spend a few minutes reviewing the business and then, we will be happy to take your questions.

I will now hand it over to Fernando.

Fernando Angel Gonzalez Olivieri - CEMEX, S.A.B. de C.V. - CEO & Non-Independent Director

Thanks Lucy and good day to everyone. The #1 challenge facing our industry at the beginning of this year was pricing and I'm quite pleased with our pricing response. Pricing for our products rose between 12% and 16%. As of second quarter, our pricing strategy has fully offset inflationary costs in dollar terms. We are now focused on the second phase of our strategy to recover 2021 margins. Despite significant macro volatility, our EMEA region demonstrated exceptional

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