Cementos Pacasmayo S.A.A. Announces Consolidated Results for Third Quarter 2024
3Q24 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 3Q23, unless otherwise stated)
-
Consolidated EBITDA of S/154.6 million, a
19.9% increase, mainly due to operational efficiencies related to our new kiln and more favorable raw material costs. -
Consolidated EBITDA margin of
29.9% , a 5.0 percentage point increase, mainly due to the above-mentioned operational efficiencies. -
Revenues increased
0.2% , mainly due to sales mix, as concrete and precast sales increased because of sales for the Piura airport project and the recovery of public sector investment. -
Sales volume of cement, concrete and precast decreased
4.4% , mainly due to a decrease in bagged cement demand. However, sales volume increased16.2% quarter-over-quarter, demonstrating a positive trend. -
Net income of S/ 62.5 million, a
35.9% increase mainly due to the above-mentioned reasons. - MERCO - for nine consecutive years we continue to lead the cement sector and for the second year, we are part of the Top 10 list of Merco´s business and leadership ranking.
9M24 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 9M23, unless otherwise stated)
-
Consolidated EBITDA of S/ 406.7 million, a
12.3% increase, mainly due to the operational efficiency derived from our new kiln in Pacasmayo and more favorable costs of raw materials. -
Consolidated EBITDA margin of
28.0% , a 2.8 percentage point increase, mainly due to above-mentioned operational efficiencies. -
Revenues increased
0.9% , mainly due to sales mix as mentioned above. -
Sales volume of cement, concrete and precast decreased
5.8% , mainly due to the decrease in cement demand mentioned above. -
Net income of S/ 148.8 million, a
11.9% increase.
For a full version of Cementos Pacasmayo’s Third Quarter 2024 Earnings Release, please visit https://www.cementospacasmayo.com.pe/inversionistas/reportes
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call on Tuesday, October 29, 2024, to discuss these results at 11:00 a.m. Lima Time and 12:00 p.m. 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/20241028138068/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.