Equity Analysis /
MexicoGrupo 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
Senior Equity Research Analyst, Infrastructure, Materials and Transportation @ Banorte
4 August 2022
Published byBanorte
