Loma Negra Compania Industrial Argentina Sociedad Anonima ( (LOMA) ) has released its Q3 earnings. Here is a breakdown of the information Loma Negra Compania Industrial Argentina Sociedad Anonima presented to its investors.
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Loma Negra Compania Industrial Argentina Sociedad Anonima, a leading cement producer in Argentina, is known for its production and distribution of cement, masonry cement, aggregates, concrete, and lime, primarily used in construction.
In their latest earnings report for the third quarter of 2024, Loma Negra announced a 21.2% decrease in net sales revenues compared to the previous year, primarily due to a significant decrease in cement segment sales volumes. Despite economic challenges, the company managed to maintain a positive EBITDA margin expansion, showcasing resilience in a tough market environment.
The company’s consolidated adjusted EBITDA dropped by 18.5% year-over-year, yet the EBITDA margin expanded to 24.0%. Net profit saw a decline of 8.7%, with net debt significantly reduced by US$40 million, reflecting a stronger balance sheet compared to the previous quarter. The company also reported improvements in its railroad and concrete segments, despite overall volume contractions.
Looking ahead, Loma Negra remains optimistic about its financial future, citing a recovering economic landscape and stabilized macroeconomic factors as key drivers for a stronger performance. The company’s management expresses confidence in overcoming current challenges and capitalizing on emerging opportunities.
