Dangote Cement PLC (DANGCEM-NL), Africa\u2019s largest cement producer, announces unaudited results for the three months ended 31st March 2020. Financial Highlights \tGroup revenue up 3.8% to \u20a6249.2B \tGroup EBITDA up 2.2% to \u20a6114.2B; 45.8% margin \tPan-Africa EBITDA up 23.4% to \u20a614.6B; 20.9% margin \tProfit before tax up 11.5% to \u20a688.1B \tEarnings per share up 1.7% to \u20a63.60 \tNet debt of \u20a6191.4B Operating Highlights \tGroup cement sales volumes down 0.6% \tNigerian volumes up 0.7% at 4.0Mt; +5% when considering domestic sales only \tRecord high Nigerian quarterly revenue at \u20a6179.3B, up 5.6% \tTotal lockdown in South Africa owing to COVID-19 affected Pan-Africa sales at the end of March Capital Structure \tIn April, Dangote Cement completed the successful issuance of \u20a6100B series 1 Bond due April 2025 under the \u20a6300B Bond Programme at a 12.5% interest rate \tBond issuance was oversubscribed \tLargest ever corporate bond issuance in the Nigerian debt capital market Michel Puchercos, Group Chief Executive Officer, said: \u201cFrom the beginning of the COVID-19 pandemic, we have proactively deployed all recommended measures to protect the health and well-being of our employees, customers, suppliers and communities. As such, we have implemented several rigorous protocols in all our operations across the continent. We are closely monitoring all markets according to the guidance provided by the authorities in each country. We continue to provide superior services and deliver high-quality products to our customers. 2020 started strongly, with growth across the board despite the early effects of the COVID19 pandemic. We achieved a record-high quarterly EBITDA margin in Pan-Africa and a record high quarter in Nigeria, with revenues of \u20a6179B and domestic volumes at 4.0Mt. In April, Dangote Cement successfully raised \u20a6100B series 1 Bond from the Nigerian Debt Capital Market despite the current challenging environment. This illustrates investors\u2019 continuous confidence in Dangote Cement\u2019s strategy. This landmark transaction is the largest ever bond issuance by a corporate issuer in Nigeria. It allows us to further broaden our sources of funding by accessing long-term debt at competitive costs from the capital market. \u201c Dangote Cement is Africa\u2019s leading cement producer with nearly 46Mta capacity across Africa. A fully integrated quarry-to-customer producer, we have a production capacity of 29.25Mta in our home market, Nigeria.