Cementos Pacasmayo S.A.A. Announces Consolidated Results for Second Quarter 2022
23 Juli 2022 - 1:51AM
Business Wire
Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL:
CPACASC1) (“the Company” or “Pacasmayo”) a leading cement company
serving the Peruvian construction industry, announced today its
consolidated results for the second quarter (“2Q22”) and the six
months (“6M22”) ended June 30, 2022. These results have been
prepared in accordance with International Financial Reporting
Standards (“IFRS”) and are stated in nominal Peruvian Soles
(S/).
2Q22 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 2Q21, unless otherwise stated)
- Revenues increased 14.1%, mainly due to increase in
average prices of bagged cement, as inflationary pressures have
affected our costs of raw materials and energy.
- Sales volume of cement, concrete and precast decreased
1.9%, mainly due to a moderation in sales volume from the peak
levels reached last year.
- Consolidated EBITDA of S/120.5 million, a 33.9%
increase, mainly due to higher operating profit, since we were able
to decrease costs by using less imported clinker.
- Consolidated EBITDA margin of 24.0%, a 3.6 percentage
point increase
- Net income of S/ 48.0 million, a 73.3% increase mainly
due to increased sales and operating profit as mentioned
above.
6M22 FINANCIAL AND OPERATIONAL HIGHLIGHTS:
(All comparisons are to 6M21, unless otherwise stated)
- Revenues increased 13.5%, mainly due to increase in
average prices of bagged cement, as inflationary pressures have
affected our costs of raw materials and energy.
- Sales volume of cement, concrete and precast decreased
3.7%, mainly due to a moderation in sales volume of bagged cement
for self-construction as well as decreased sales for
reconstruction-related projects.
- Consolidated EBITDA of S/248 million, a 27.1% increase,
mainly due to higher operating profit, since we were able to
decrease costs by using less imported clinker.
- Consolidated EBITDA margin of 24.1%, a 2.6 percentage
point increase
- Net income of S/ 93.7 million, a 57.5% increase mainly
due to increased sales and operating profit as mentioned
above.
For a full version of Cementos Pacasmayo’s Second Quarter
2022 Earnings Release, please visit
https://www.cementospacasmayo.com.pe/inversionistas/reportes
CONFERENCE CALL
INFORMATION:
Cementos Pacasmayo will host a conference call on Monday,
July 25, 2022, to discuss these results at 11:00 a.m.
Eastern/ 10:00am Lima Time.
To access the call, please dial:
(888)-506-0062 from within the U.S.
+1 (973) 528-0011 from outside the U.S.
Access code: 268757
There will also be a live Audio Webcast of the event at:
https://www.webcaster4.com/Webcast/Page/1644/45931
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a cement company, located in the
Northern region of Peru. In February 2012, the Company’s shares
were listed on The New York Stock Exchange - Euronext under the
ticker symbol "CPAC". With more than 60 years of operating history,
the Company produces, distributes and sells cement and
cement-related materials, such as concrete blocks and ready-mix
concrete. Pacasmayo’s products are primarily used in construction,
which has been one of the fastest-growing segments of the Peruvian
economy in recent years. The Company also produces and sells
quicklime for use in mining operations.
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version on businesswire.com: https://www.businesswire.com/news/home/20220722005493/en/
Cementos Pacasmayo S.A.A. In Lima, Peru: Manuel Ferreyros, CFO
Claudia Bustamante Investor Relations Manager +51-958699760
cbustamante@cpsaa.com.pe
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