Loma Negra Reports 3Q24 Results
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 06 2024
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Source: accesswire
Financial Performance Overview: Loma Negra reported a significant decline in Q3 2024 financial metrics, with net sales revenues down 21.2% year-over-year to Ps. 180,686 million, largely due to decreased cement sales volumes; however, the company improved its EBITDA margin to 24.0% and reduced net debt by 26.0% during the quarter.
Segment Analysis and Future Outlook: Despite challenges across various segments, including notable declines in Cement and Aggregates sales, there was a sequential recovery in some areas; CEO Sergio Faifman expressed optimism for recovery as macroeconomic conditions stabilize, while remaining cautious about future opportunities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
