Cementos Pacasmayo S.A.A. Announces Consolidated Results for Third Quarter 2024
Financial Performance: Cementos Pacasmayo reported a 19.9% increase in consolidated EBITDA for Q3 2024, reaching S/154.6 million, driven by operational efficiencies and favorable raw material costs, despite a 4.4% decrease in sales volume of cement, concrete, and precast materials.
Market Position: The company continues to lead the cement sector in Peru for nine consecutive years and has been recognized in the Top 10 of Merco's business and leadership ranking for the second year.
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Cementos Pacasmayo Shares Surge Following Holcim's Action
Ownership Change Announcement: Cementos Pacasmayo S.A.A. stock surged after Holcim Ltd. agreed to acquire its controlling shareholder, Inversiones Aspi S.A., for an enterprise valuation of approximately 5.1 billion Peruvian soles (~$1.4 billion).
Market Reaction: Following the announcement, Cementos Pacasmayo shares rose by nearly 49%, reaching a new 52-week high, as investors anticipated the benefits of the acquisition and the backing of a major global cement company.
Future Growth Potential: Company executives highlighted that the deal rewards long-term shareholders and positions Cementos Pacasmayo for accelerated growth, creating new opportunities for employees and expanding its international presence.
Regulatory Approval Process: The acquisition is subject to regulatory approvals, with expectations for the process to conclude in the first half of 2026, assuming customary reviews proceed smoothly.
