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Cementos Pacasmayo S.A.A. Announces Consolidated Results for First Quarter 2015

CPAC

Cementos Pacasmayo S.A.A. and subsidiaries (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Cementos Pacasmayo”), a leading cement company serving the growing Peruvian construction industry, announced today its consolidated results for the first quarter (“1Q15”) ended March 31, 2015. These results have been prepared in accordance with International Financial Reporting Standards (“IFRS”) and are stated in nominal Peruvian Nuevos Soles (S/.).

Financial and Operational Highlights:

  • Consolidated EBITDA increased 10.5% to S/. 89.2 million in 1Q15 from S/. 80.7 million in 1Q14, driven by the successful implementation of cost control measures
  • Net income increased 31.4% to S/. 52.3 million in 1Q15 from S/. 39.8 million in 1Q14, mainly explained by a higher gross profit and a positive impact from exchange rate movements
  • Gross margin increased to 43.0% in 1Q15 from 40.6% in 1Q14
  • Cement sales volume* decreased 5.6% in 1Q15 compared to 1Q14, mainly due to lower cement demand from the public sector. New local authorities took office January 1, 2015.
  • Sales decreased 3.2% in 1Q15 compared to 1Q14
  • The Piura plant project, remains within the planned timeline and budget, with production scheduled to begin during the second half of 2015. Virtually all equipment is now on site, and electrical work has begun.

For a full version of Cementos Pacasmayo’s First Quarter 2015 Earnings Release, please visit http://www.cementospacasmayo.com.pe/investors/

CONFERENCE CALL INFORMATION:

Cementos Pacasmayo will host a conference call on Wednesday, April 29, 2015 at 1:00 p.m. New York Time/ 12:00 p.m. Lima Time.

To access the call, please dial:
+1 800 311 9401 (From within the U.S.)
+1 334 323 7224 (All other participants)
Passcode: 26737
 

There will also be a live Audio Webcast of the event at: http://www.videonewswire.com/event.asp?id=102141

Acerca de Cementos Pacasmayo S.A.A.

Cementos Pacasmayo S.A.A. is a cement company, located 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 57 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/

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.

In Lima:
Cementos Pacasmayo S.A.A.
Manuel Ferreyros, Chief Financial Officer
Claudia Bustamante, Head of Investor Relations
Tel: (511) 317-6000 ext. 2165
E-mail: cbustamante@cpsaa.com.pe
or
In New York:
i-advize Corporate Communications, Inc.
Rafael Borja / Melanie Carpenter
Tel: (212) 406-3693
E-mail: cementospacasmayo@i-advize.com



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