The following is a summary of the Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Loma Negra reported a revenue of ARS114.9 billion in Q1 2024, marking a decrease of 27% compared to the previous quarter due to a significant drop in cement volumes.

• Adjusted EBITDA was $42 million (ARS26 billion), with the EBITDA margin contracting 360 basis points year-over-year to 22.6%.

• Net profit rose to ARS50.7 billion, largely due to the positive effect of inflation on the net monetary position.

• The net revenue to EBITDA ratio improved to 1.3 times from 1.4 times at the end of 2023.

Business Progress:

• Loma Negra anticipates business recovery in upcoming months, fueled by economic stabilization, governmental policies, potential public works, and new investments.

• The company has strategized for annual maintenance during winter and foresees improvement in thermal and electric energy cost in the latter half of the year.

• Adjustments in capital expenditure have been initiated by Loma Negra aligning with the economic scenario with a total end-quarter debt of ARS183.1 billion.

More details: Loma Negra IR

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