The following is a summary of the Cementos Pacasmayo S.A.A. (CPAC) Q3 2024 Earnings Call Transcript:
Financial Performance:
Q3 2024 revenue slightly increased by 0.2% year-over-year to PEN517.8 million.
Record consolidated EBITDA for Q3 2024 reached PEN154.6 million, a 19.9% year-over-year increase.
Net profit in Q3 2024 rose by 35.9% and EBITDA margin improved by 5 percentage points to 29.9%.
Business Progress:
Introduced a new riverbank protection solution in Lambayeque using primarily cement, which is scalable to other regions affected by El Niño.
Collaborated on a water treatment project at Minera Yanacocha with partners including Newmont and Bexel Corporation, highlighting their commitment to environmental sustainability.
Opportunities:
Ongoing government projects such as Chavimochic expected to drive increased cement demand in 2025.
Adoption and expansion of AI technology are targeted to enhance efficiency and competitiveness, making Pacasmayo a leader in AI within the industry.
Risks:
Cement sales decreased by 2.7% in Q3 2024 from 2023 due to lower self-construction segment demand.
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
