Equity Analysis /

Grupo Cementos de Chihuahua: Quarterly Report 2Q22: Greater pressure on profitability confirmed

  • GCC reported in line with expectations, with a solid sales advance but lower margins due to higher costs

  • Based on favorable market dynamics and costs control strategy, the company reiterated its 2022e guidance in EBITDA

  • We reiterate our Buy recommendation, although we suggest cautiousness given the stock price volatility

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

4 August 2022
Published byBanorte


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