Earnings Report /
Mexico

Grupo Cementos de Chihuahua: GCC, Quarterly Report 2Q21: Confirms solid results and raises 2021 guidance

  • GCC posted double-digit sales and EBITDA growth, supported by a good performance in volumes and higher prices

  • Highlights include higher cash flow (+18% y/y) and financial strength. The cement company raised its 2021 guidance

  • We raised to MXN 183.00, in view of the better sector outlook, which confirms our positive view and BUY recommendation

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
29 July 2021
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