Cementos Pacasmayo Reports Strong Q3 2024 Earnings

Cementos Pacasmayo S.a.a. ( (CPAC) ) has realeased its Q3 earnings. Here is a breakdown of the information Cementos Pacasmayo S.a.a. presented to its investors.

Cementos Pacasmayo S.A.A. is a prominent cement producer based in the northern region of Peru, primarily engaged in the manufacture and distribution of cement and related materials such as concrete and precast materials, with additional operations in the production of quicklime for mining.

In its latest earnings report for the third quarter of 2024, Cementos Pacasmayo reported a significant increase in profitability, driven by operational efficiencies and cost optimization. The company’s EBITDA rose by 19.9% year-over-year, reaching S/154.6 million, and the EBITDA margin improved to 29.9%, reflecting a focus on enhancing production processes and reducing raw material costs.

The company highlighted key financial metrics, including a marginal revenue increase of 0.2%, despite a 4.4% decline in sales volume of cement, concrete, and precast materials. Net income surged by 35.9%, attributed to improved operational performance. Cementos Pacasmayo also noted its continued leadership in the Peruvian cement sector and its recognition in Merco’s business and leadership rankings.

Looking ahead, Cementos Pacasmayo aims to expand its building solutions and leverage digital tools as part of its strategic initiatives. The company is focusing on cost-effective construction solutions, particularly in regions affected by El Niño, and has launched a new company to drive digital transformation in the construction industry, signaling its commitment to innovation and growth.

Overall, Cementos Pacasmayo remains optimistic about its future, with management emphasizing ongoing efforts to optimize operations and capitalize on strategic opportunities in the construction sector, even as it navigates a challenging demand environment.