Loma Negra Reports 1Q20 results
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 month period ended March 31, 2020 (our “1Q20”).The Company is reporting results of its subsidiaries by applying International Accounting Standards 29 – IAS 29 (Financial Reporting in Hyperinflationary Economies) (“IAS 29”).1Q20 Key Highlights Net revenue decreased 29.6% YoY to Ps.7,765 million (US$122 million), mainly reflecting lower economic activity and the impact of the Covid-19 pandemicConsolidated Adjusted EBITDA down 17.9% YoY to Ps.2,602 million (US$42 million)Consolidated Adjusted EBITDA margin expanded by 479 basis points YoY from 28.7% to 33.5%, mainly explained by margin expansion of high margin cement segmentsNet Debt /LTM Adjusted EBITDA ratio of 1.26x from 0.89x in 1Q19, and 0.86x in FY19The company has presented certain financial figures Table 1b and Table 11 below in U.S.
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News
- Loma Negra Is Still Attractive But Could Test Lows Now Thanks To The Recession [Seeking Alpha]Seeking Alpha
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was upgraded by analysts at Bank of America Co. from an "underperform" rating to a "neutral" rating.MarketBeat
- Loma Negra Compañía Industrial Argentina Sociedad Anónima (NYSE: LOMA) was downgraded by analysts at UBS Group AG from a "neutral" rating to a "sell" rating. They now have a $5.00 price target on the stock, down previously from $6.00.MarketBeat
- Why Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Loma Negra Compania Industrial Argentina S.A. Sponsored ADR (LOMA) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
LOMA
Sec Filings
- 4/11/24 - Form 6-K
- 3/25/24 - Form 6-K
- 3/25/24 - Form 6-K
- LOMA's page on the SEC website