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News Unacem increases first-quarter sales in 2023

Unacem increases first-quarter sales in 2023

Written by Global Cement staff 19 May 2023
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Peru: Unacem recorded consolidated sales of US$380m during the first quarter of 2023, corresponding to year-on-year growth of 2.6%. Despite this, the producer's earnings before interest, taxation, depreciation and amortisation (EBITDA) fell by 7.4% to US$105m. Unacem attributed its sales growth to 'strong' cement sales volumes in the US, as well as increased prices across its markets. The domestic Peruvian market contributed US$247m (65%) of Unacem's sales, up by 0.5% year-on-year. Peruvian cement volumes fell by 8%, while high fuel costs there contributed to a local decline in earnings.

Looking ahead to the full 2023 financial year, Unacem CEO Pedro Lerner expects the group's consolidated sales to rise year-on-year. He forecast a 10% drop in Peruvian cement volumes to 6Mt. Lerner said that the company is 'monitoring events' in neighbouring Ecuador, but considers it inevitable that on-going political disturbances will 'affect economic conditions' in the market.

Last modified on 24 May 2023
Published in Global Cement News
Tagged under
  • Peru
  • UNACEM
  • Results
  • Forecast
  • Outlook
  • Ecuador
  • US
  • Price
  • costs
  • volumes
  • Protest
  • GCW609
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