Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2013
LIMA, Peru--(BUSINESS WIRE)-- Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) ("the Company" or "Cementos Pacasmayo") a leading Peruvian cement company, announced today its consolidated results for the first quarter ("1Q13") ended March 31, 2013. These results have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in nominal Peruvian Nuevos Soles (S/.).
It is important to note the following highlights:
Cement sales volume increased 6.5% in 1Q13 compared to 1Q12.
Net income increased 13.0% in 1Q13 compared to 1Q12 (S/. 45.1 million vs. S/. 39.9 million).
Cement EBITDA increased 15.1% in 1Q13 compared to 1Q12 (S/. 84.5 million vs. S/. 73.4 million).
Consolidated adjusted EBITDA margin went from 25.8% in 1Q12 to 27.9% in 1Q13.
Private offering of US$ 300 million in Senior Notes in the international markets - On February 1, 2013, the Company successfully placed US$300 million in Senior Notes, with a coupon rate of 4.50%, and a yield to maturity of 4.625%, due on 2023. Demand for the notes exceeded US$ 2.5 billion.
For a full version of Cementos Pacasmayo's First Quarter 2013 Earnings Release, please visit http://www.cementospacasmayo.com.pe/investors/
CONFERENCE CALL INFORMATION:
Cementos Pacasmayo will host a conference call Tuesday, April 30, 2013, to discuss these results at 12:00 pm New York time/11:00 am Lima time.
To participate, please dial:
+1 800 311 9401 (From within the U.S.)
+1 334 323 7224 (International participants)
There will also be a live Audio Webcast of this event available at:
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the only cement manufacturer 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 55 years of operating history, the Company produces, distributes and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. Cementos 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:http://www.cementospacasmayo.com.pe/investors/
Note: The Company presented some figures converted from Nuevos Soles to U.S. Dollars for comparison purposes. The exchange rate used to convert Nuevos Soles to U.S. dollars was S /. 2.589 per US$ 1.00, which was the exchange rate, reported as of March 31, 2013 by the Superintendencia de Banca, Seguros y AFP's (SBS). The information presented in U.S. dollars is for the convenience of the reader only.
Note on Forward-Looking Statements
This press release may contain forward-looking statements.These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the Company, are intended to identify forward-looking statements.Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements.Such statements reflect the current views of management and are subject to a number of risks and uncertainties.There is no guarantee that the expected events, trends or results will actually occur.The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
For more information please visitwww.cementospacasmayo.com.pe/investors/.
Manuel Ferreyros, CFO
Head of Investor Relations
511-317-6000 ext. 2165
In New York:
i-advize Corporate Communications, Inc.
Rafael Borja / Melanie Carpenter
KEYWORDS: South America Peru
The article Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2013 originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.