Cementos Pacasmayo S.A.A. Announces Consolidated Results for Fourth Quarter 2024
Cementos Pacasmayo (NYSE: CPAC) reported mixed results for Q4 2024. Sales volume of cement, concrete and precast increased by 2.6% in Q4, driven by bagged cement and public sector demand, with revenues up 3.0%. However, Q4 consolidated EBITDA declined 8.7% to S/142.5 million, with EBITDA margin dropping 3.5 percentage points to 27.1%. Q4 net income rose 39.3% to S/50.0 million.
For full-year 2024, despite a 3.7% decrease in sales volume, revenues increased 1.4% due to sales mix and higher prices. Annual consolidated EBITDA grew 6.0% to S/549.3 million, with margin expanding 1.2 percentage points to 27.8%. Net income increased 17.8% to S/198.9 million, driven by operational efficiencies from the new Pacasmayo kiln and favorable raw material costs.
Cementos Pacasmayo (NYSE: CPAC) ha riportato risultati misti per il quarto trimestre del 2024. Il volume di vendite di cemento, calcestruzzo e prefabbricati è aumentato del 2,6% nel quarto trimestre, sostenuto dalla domanda di cemento in sacchi e dal settore pubblico, con ricavi in crescita del 3,0%. Tuttavia, l'EBITDA consolidato del quarto trimestre è diminuito dell'8,7% a S/142,5 milioni, con il margine EBITDA che è sceso di 3,5 punti percentuali al 27,1%. L'utile netto del quarto trimestre è aumentato del 39,3% a S/50,0 milioni.
Per l'intero anno 2024, nonostante una diminuzione del 3,7% nel volume delle vendite, i ricavi sono aumentati dell'1,4% grazie alla combinazione di vendite e ai prezzi più elevati. L'EBITDA consolidato annuale è cresciuto del 6,0% a S/549,3 milioni, con il margine che si è ampliato di 1,2 punti percentuali al 27,8%. L'utile netto è aumentato del 17,8% a S/198,9 milioni, grazie all'efficienza operativa del nuovo forno di Pacasmayo e ai costi favorevoli delle materie prime.
Cementos Pacasmayo (NYSE: CPAC) reportó resultados mixtos para el cuarto trimestre de 2024. El volumen de ventas de cemento, concreto y prefabricados aumentó un 2,6% en el cuarto trimestre, impulsado por la demanda de cemento en bolsas y del sector público, con ingresos en aumento del 3,0%. Sin embargo, el EBITDA consolidado del cuarto trimestre disminuyó un 8,7% a S/142,5 millones, con el margen EBITDA cayendo 3,5 puntos porcentuales al 27,1%. La ganancia neta del cuarto trimestre aumentó un 39,3% a S/50,0 millones.
Para el año completo 2024, a pesar de una disminución del 3,7% en el volumen de ventas, los ingresos aumentaron un 1,4% debido a la mezcla de ventas y precios más altos. El EBITDA consolidado anual creció un 6,0% a S/549,3 millones, con un margen que se expandió en 1,2 puntos porcentuales al 27,8%. La ganancia neta aumentó un 17,8% a S/198,9 millones, impulsada por eficiencias operativas del nuevo horno de Pacasmayo y costos favorables de materias primas.
세멘토스 파카스마요 (NYSE: CPAC)는 2024년 4분기에 혼합된 결과를 보고했습니다. 4분기 동안 시멘트, 콘크리트 및 프리캐스트의 판매량이 2.6% 증가했으며, 이는 포장 시멘트와 공공 부문의 수요에 힘입은 것으로, 수익은 3.0% 증가했습니다. 그러나 4분기 통합 EBITDA는 8.7% 감소하여 S/142.5백만에 이르렀고, EBITDA 마진은 3.5포인트 하락하여 27.1%에 도달했습니다. 4분기 순이익은 39.3% 증가하여 S/50.0백만에 달했습니다.
2024년 전체 연도에 대해, 판매량이 3.7% 감소했음에도 불구하고, 판매 믹스와 가격 상승으로 인해 수익이 1.4% 증가했습니다. 연간 통합 EBITDA는 6.0% 증가하여 S/549.3백만에 이르렀고, 마진은 1.2포인트 확대되어 27.8%에 도달했습니다. 순이익은 새로운 파카스마요 소성로의 운영 효율성과 유리한 원자재 비용 덕분에 17.8% 증가하여 S/198.9백만에 이르렀습니다.
Cementos Pacasmayo (NYSE: CPAC) a annoncé des résultats mitigés pour le quatrième trimestre 2024. Le volume des ventes de ciment, de béton et de préfabriqués a augmenté de 2,6 % au quatrième trimestre, soutenu par la demande de ciment en sacs et du secteur public, avec des revenus en hausse de 3,0 %. Cependant, l'EBITDA consolidé du quatrième trimestre a diminué de 8,7 % pour atteindre S/142,5 millions, le taux de marge EBITDA ayant chuté de 3,5 points de pourcentage à 27,1 %. Le bénéfice net du quatrième trimestre a augmenté de 39,3 % pour atteindre S/50,0 millions.
Pour l'année complète 2024, malgré une diminution de 3,7 % du volume des ventes, les revenus ont augmenté de 1,4 % grâce à la combinaison des ventes et à des prix plus élevés. L'EBITDA consolidé annuel a crû de 6,0 % pour atteindre S/549,3 millions, avec un élargissement de la marge de 1,2 point de pourcentage à 27,8 %. Le bénéfice net a augmenté de 17,8 % pour atteindre S/198,9 millions, soutenu par des gains d'efficacité opérationnelle du nouveau four de Pacasmayo et des coûts de matières premières favorables.
Cementos Pacasmayo (NYSE: CPAC) berichtete für das vierte Quartal 2024 gemischte Ergebnisse. Das Verkaufsvolumen von Zement, Beton und Fertigteilen stieg im vierten Quartal um 2,6%, was auf die Nachfrage nach verpacktem Zement und den öffentlichen Sektor zurückzuführen ist, während die Einnahmen um 3,0% zunahmen. Allerdings fiel das konsolidierte EBITDA im vierten Quartal um 8,7% auf S/142,5 Millionen, wobei die EBITDA-Marge um 3,5 Prozentpunkte auf 27,1% sank. Der Nettogewinn im vierten Quartal stieg um 39,3% auf S/50,0 Millionen.
Für das Gesamtjahr 2024, trotz eines Rückgangs des Verkaufsvolumens um 3,7%, stiegen die Einnahmen um 1,4% aufgrund der Verkaufszusammensetzung und höherer Preise. Das jährliche konsolidierte EBITDA wuchs um 6,0% auf S/549,3 Millionen, wobei die Marge um 1,2 Prozentpunkte auf 27,8% anstieg. Der Nettogewinn erhöhte sich um 17,8% auf S/198,9 Millionen, was auf betriebliche Effizienzen des neuen Pacasmayo-Ofens und günstige Rohstoffkosten zurückzuführen ist.
- Q4 2024 sales volume increased 2.6% with 3.0% revenue growth
- Q4 2024 net income up 39.3% to S/50.0 million
- Full-year 2024 revenues increased 1.4% despite lower volumes
- 2024 EBITDA grew 6.0% to S/549.3 million with margin expansion
- 2024 net income increased 17.8% to S/198.9 million
- Operational efficiencies achieved from new Pacasmayo kiln
- Q4 2024 EBITDA declined 8.7% to S/142.5 million
- Q4 2024 EBITDA margin decreased 3.5 percentage points to 27.1%
- Full-year 2024 sales volume decreased 3.7%
Insights
Cementos Pacasmayo's Q4 and full-year 2024 results reveal a company successfully navigating market challenges through strategic pricing and operational optimization. The 27.1% Q4 EBITDA margin, while lower year-over-year, remains robust for the industry and reflects the company's pricing power in its regional market.
The 17.8% increase in annual net income to
The divergence between volume and revenue trends - a
The increase in public sector demand in Q4 2024 suggests potential momentum heading into 2025, particularly given Peru's infrastructure development needs. The company's sustained EBITDA margin improvement on an annual basis, rising
The inclusion in S&P's Yearbook and high ranking in Merco ESG strengthens the company's position with ESG-focused investors, potentially expanding its investor base and reducing capital costs. These achievements, combined with operational improvements, position Pacasmayo favorably for sustainable growth in Peru's construction sector.
4Q24 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 4Q23, unless otherwise stated)
-
Sales volume of cement, concrete and precast increased by
2.6% , mainly due to an increase in bagged cement and public sector demand. -
Revenues increased by
3.0% , in line with increased sales volume. -
Consolidated EBITDA of S/142.5 million, an
8.7% decrease compared to adjusted EBITDA in 4Q23. -
Consolidated EBITDA margin of
27.1% , a 3.5 percentage point decrease compared to adjusted EBITDA margin in 4Q23. -
Net income of S/ 50.0 million, a
39.3% increase mainly due to the impairment loss of our vertical kilns included in the 2023 results. - Sustainability achievements - We are honored to be included in the Yearbook by S&P, for the fifth consecutive year, and to achieve 9th place in the general ranking of the most responsible companies in terms of sustainability in the country according to Merco ESG.
2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 2023, unless otherwise stated)
-
Sales volume of cement, concrete and precast decreased by
3.7% , mainly due to the decrease in cement demand. -
Revenues increased by
1.4% , mainly due to sales mix and higher prices. -
Consolidated EBITDA of S/ 549.3 million, a
6.0% increase compared to adjusted EBITDA in 2023, mainly due to operational efficiencies derived from our new kiln in Pacasmayo and more favorable costs of raw materials. -
Consolidated EBITDA margin of
27.8% , a 1.2 percentage point increase compared to adjusted EBITDA margin, mainly due to the above-mentioned operational efficiencies. -
Net income of S/ 198.9 million, a
17.8% increase, mainly due to an increase in operating profit as a result of increased revenues and operating efficiencies as described above.
For a full version of Cementos Pacasmayo’s Fourth Quarter 2024 Earnings Release, please visit https://www.cementospacasmayo.com.pe/inversionistas/reportes
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call on Friday, February 14, 2025, to discuss these results at 9:00 a.m. Lima Time/Eastern Time.
To access the call, please dial:
+1 (718) 866-4614 from within the
Access code: 505256
There will also be a live Audio Webcast of the event at:
https://mm.closir.com/slides?id=505256
You can also find additional dial-in numbers depending on your current location in the above link.
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a cement company, located in the Northern region of
View source version on businesswire.com: https://www.businesswire.com/news/home/20250213129048/en/
Cementos Pacasmayo S.A.A.
In
Manuel Ferreyros, CFO
Claudia Bustamante
Investor Relations Manager
+51-958699760
cbustamante@cpsaa.com.pe
Source: Cementos Pacasmayo S.A.A.
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