{"id":751833,"date":"2023-04-26T21:39:09","date_gmt":"2023-04-27T01:39:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-first-quarter-2023\/"},"modified":"2023-04-26T21:39:09","modified_gmt":"2023-04-27T01:39:09","slug":"cementos-pacasmayo-s-a-a-announces-consolidated-results-for-first-quarter-2023","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-first-quarter-2023\/","title":{"rendered":"Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023"},"content":{"rendered":"<p>        <!--.bwlistdisc { list-style-type: disc }\n.bwuline { text-decoration: underline }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023<\/b><\/p>\n<p>LIMA, Peru&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nCementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (\u201cthe Company\u201d or \u201cPacasmayo\u201d) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the first quarter (\u201c1Q23\u201d). These results have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) and are stated in nominal Peruvian Soles (S\/).<\/p>\n<p><b>1Q23 FINANCIAL AND OPERATIONAL HIGHLIGHTS:<\/b><\/p>\n<p><i>(All comparisons are to 1Q22, unless otherwise stated)<\/i><\/p>\n<ul class=\"bwlistdisc\">\n<li><b>Revenues<\/b> decreased 8.6%, mainly due to the impact of cyclone Yaku, causing severe rainfall in our area of influence, affecting our ability to ship cement for some days in March. Nonetheless, if we compare only the first two months of this year with the same period in 2022, revenues only decreased a moderate 1.7%.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Sales volume <\/b>of cement, concrete and precast decreased 16.4%, mainly due to the above-mentioned reasons. Demand decreased 23.4% in March as the continued rainfall and uncertainty about its duration affects the ability to build.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Consolidated EBITDA<\/b> of S\/120.7 million, a 5.3% decrease, mainly due to decreased revenues. However, this quarter\u2019s EBITDA is similar to 4Q22.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Consolidated EBITDA margin<\/b> of 25.1%, a 0.8 percentage point increase.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Net income<\/b> of S\/ 43.5 million, a 4.8% decrease mainly due to decreased revenues as mentioned above. However, when compared to 4Q22, net income increased 11.8%.\n<\/li>\n<\/ul>\n<ul class=\"bwlistdisc\">\n<li><b>Payment of Senior Notes<\/b> &#8211; On February 8, we paid the remainder of our Senior Notes in dollars for US$131,612,000 using the Club Deal credit line.\n<\/li>\n<\/ul>\n<p><b>For a full version of Cementos Pacasmayo\u2019s First Quarter 2023 Earnings Release, please visit <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.cementospacasmayo.com.pe%2Finversionistas%2Freportes&amp;esheet=53388721&amp;newsitemid=20230426006076&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.cementospacasmayo.com.pe%2Finversionistas%2Freportes&amp;index=1&amp;md5=2edd512aaced31d1834186880abb3ce8\">https:\/\/www.cementospacasmayo.com.pe\/inversionistas\/reportes<\/a><\/p>\n<p><b><span class=\"bwuline\">CONFERENCE CALL INFORMATION:<\/span><\/b><\/p>\n<p>\nCementos Pacasmayo will host a conference call on <b>Thursday, April 27, 2023,<\/b> to discuss these results at <b>10:00 a.m. Lima Time and 11:00 am Eastern Time.<\/b><\/p>\n<p>\nTo access the call, please dial:<\/p>\n<p>\n(888)-506-0062 from within the U.S.<\/p>\n<p>\n+1 (973) 528-0011 from outside the U.S.<\/p>\n<p>\nAccess code: 311279<\/p>\n<p>\nThere will also be a live Audio Webcast of the event at:<\/p>\n<p><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F1644%2F48123&amp;esheet=53388721&amp;newsitemid=20230426006076&amp;lan=en-US&amp;anchor=https%3A%2F%2Fwww.webcaster4.com%2FWebcast%2FPage%2F1644%2F48123&amp;index=2&amp;md5=8ca5e9bc8e048d9bbdd3dd717d3955c2\">https:\/\/www.webcaster4.com\/Webcast\/Page\/1644\/48123<\/a><\/p>\n<p><b>About Cementos Pacasmayo S.A.A.<\/b><\/p>\n<p>\nCementos Pacasmayo S.A.A. is a cement company, located in the Northern region of Peru. In February 2012, the Company\u2019s shares were listed on The New York Stock Exchange &#8211; Euronext under the ticker symbol &#8220;CPAC&#8221;. 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\u2019s 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.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20230426006076r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20230426006076\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20230426006076\/en\/<\/a><\/span><\/p>\n<p>\nCementos Pacasmayo S.A.A.<br \/>\n<br \/>In Lima, Peru:<br \/>\n<br \/>Manuel Ferreyros, CFO<br \/>\n<br \/>Claudia Bustamante<br \/>\n<br \/>Investor Relations Manager<br \/>\n<br \/>+51-958699760<br \/>\n<br \/><a rel=\"nofollow\" href=\"mailto:cbustamante@cpsaa.com.pe\">cbustamante@cpsaa.com.pe<\/a><\/p>\n<p><b>KEYWORDS:<\/b> New York Peru United States South America North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Construction &amp; Property Residential Building &amp; Real Estate Manufacturing Commercial Building &amp; Real Estate Construction &amp; Property Urban Planning Other Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023 LIMA, Peru&#8211;(BUSINESS WIRE)&#8211; Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (\u201cthe Company\u201d or \u201cPacasmayo\u201d) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the first quarter (\u201c1Q23\u201d). These results have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) and are stated in nominal Peruvian Soles (S\/). 1Q23 FINANCIAL AND OPERATIONAL HIGHLIGHTS: (All comparisons are to 1Q22, unless otherwise stated) Revenues decreased 8.6%, mainly due to the impact of cyclone Yaku, causing severe rainfall in our area of influence, affecting our ability to ship cement for some days in March. Nonetheless, if we compare only the first two months of this &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-first-quarter-2023\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-751833","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-consolidated-results-for-first-quarter-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2023 LIMA, Peru&#8211;(BUSINESS WIRE)&#8211; Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (\u201cthe Company\u201d or \u201cPacasmayo\u201d) a leading cement company serving the Peruvian construction industry, announced today its consolidated results for the first quarter (\u201c1Q23\u201d). These results have been prepared in accordance with International Financial Reporting Standards (\u201cIFRS\u201d) and are stated in nominal Peruvian Soles (S\/). 1Q23 FINANCIAL AND OPERATIONAL HIGHLIGHTS: (All comparisons are to 1Q22, unless otherwise stated) Revenues decreased 8.6%, mainly due to the impact of cyclone Yaku, causing severe rainfall in our area of influence, affecting our ability to ship cement for some days in March. Nonetheless, if we compare only the first two months of this &hellip; Continue reading &quot;Cementos Pacasmayo S.A.A. 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