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Stock impact report

Loma Negra Announces 4Q17 YoY Growth of 57% in Revenues and 208% in Net Profit

Loma Negra Compania Industrial Argentina Sociedad Anonima ADS (LOMA) 
US:NYSE Investor Relations: investors.lomanegra.com
Company Research Source: Business Wire
BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Loma Negra (NYSE: LOMA) (BYMA: LOMA) (“Loma Negra” or the “Company”), the leading cement producer in Argentina, today announced results for the three- and twelve-month periods ended December 31, 2017. 4Q17 Key Highlights1 Cement, masonry & lime sales volume in Argentina up 14.0% YoY driven by continued market recovery. Net revenue up 57.1% YoY to Ps.4,452 million (US$254 million) on volume and price increases. Gross profit up 56.8%, with margin relatively stable YoY at 29.1%. Adjusted EBITDA increased 56.8% YoY to Ps.1,199 million (US$68 million). Adjusted EBITDA margin flat YoY at 26.9%, and up 280 basis points from 24.1% in 3Q17. Excluding one-time gains in both quarters, Adjusted EBITDA margin would have increased 137 bps to 25.4%. Net Debt at year-end down 66.8% to Ps.1,184 mil Show less Read more
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