Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2020
29 Abril 2020 - 11:04PM
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 first quarter (“1Q20”) ended March 31,
2020. These results have been prepared in accordance with
International Financial Reporting Standards (“IFRS”) and are stated
in nominal Peruvian Soles (S/).
1Q20 Financial and Operational Highlights:
(All comparisons are to 1Q19, unless otherwise stated)
- Due to the outbreak of COVID-19, the Peruvian Government
declared a state of emergency since March 16, 2020, resulting in a
halt in production and commercialization of all non-essential
products, including cement.
- Sales volume of cement, concrete and precast decreased
6.0% primarily due to the halt in commercialization mentioned
above. During the first 2 months of the year, sales volume of
cement, concrete and precast increased 12.8% compared to the same
period of 2019.
- Revenues decreased 4.4%, mainly due to the halt in
commercialization. During the first two months of 2020, revenues
increased 14.4% when compared to the same period of 2019.
- Consolidated EBITDA of S/72.3 million, a 22.8% decrease,
mainly due to the halt in sales of cement mentioned above, as well
as the increased costs derived from the stop in production.
- Consolidated EBITDA margin of 24.2%, a 5.7 percentage
point decrease.
- Net income of S/10.7 million, a 64.5% decrease mainly
due to decreased sales and increased costs mentioned above.
For a full version of Cementos Pacasmayo’s First Quarter 2020
Earnings Release, please visit
http://cementospacasmayo.com.pe.
CONFERENCE CALL
INFORMATION:
Cementos Pacasmayo will host a conference call on Thursday,
April 30 2020, to discuss these results at 11.30 a.m.
Eastern Time/10.30 a.m. Lima Time.
To access the call, please dial: (844) 602-0380 (From within the
U.S.) +1 (862) 298-0970 (From outside the U.S.)
A replay of this call will be available through May 30, 2020 To
obtain the replay, please call: 877-481-4010 from within the U.S.
+1-919-882-2331 from outside the U.S. Replay ID: #34045
There will also be a live Audio Webcast of the event at:
https://www.webcaster4.com/Webcast/Page/1644/34045
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 61 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.
For more information, please visit www.cementospacasmayo.com.pe.
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version on businesswire.com: https://www.businesswire.com/news/home/20200429005994/en/
Cementos Pacasmayo S.A.A. In Lima, Peru: Manuel Ferreyros, CFO
Claudia Bustamante Investor Relations Manager +511-317-6000 Ext.
2165 cbustamante@cpsaa.com.pe
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