Earnings Report /
MexicoGrupo Cementos de Chihuahua: GCC, Quarterly Report 1Q21: Greater profitability and positive 2021 guidance
GCC's figures showed a sales drop, due to a difficult comparative base and lower oil sector demand but an EBITDA rise
Free cash flow was +59% y/y and financial strength at 0.3x. 2021 guidance anticipates EBITDA growth between 4% and 9%
We raised our PT to MXN 173.00 due to an improved outlook that supports our BUY rating, and an attractive valuation
Jose Itzamna Espitia Hernandez
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
3 May 2021
Published byBanorte
