Covering the Mexican Economy, Actinver Research

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We cover the Mexican economy with in-depth sector and state knowledge, as well as the integration with the U.S., providing high added value studies. 
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Covering the Mexican Economy

Actinver Research

Actinver is a mexican leading financial group, that generates well being for individuals and companies through advisory services that provides investment management to maintain and grow their wealth.

Equity Bottom-Up

<ul><li>Although the environment was challenging, with bad weather conditions and volume contraction, the Cement Industry's quarterly results came in line with our estimates.</li><li>Higher costs were partially compensated by the companies' efficiencies; however, this was not enough to compensate for the sector's margin contraction.</li><li> Total revenues in 3Q24 decreased 6% YoY, while total EBITDA dropped 11% YoY, practically in line with our expectations.</li></ul>

Although the environment was challenging, with bad weather conditions and volume contraction, the Cement Industry's quarterly results came in line with our estimates.Higher costs were partially compensated by the companies' efficiencies; however, this was not enough to compensate for the sector's margin contraction. Total revenues in 3Q24 decreased 6% YoY, while total EBITDA dropped 11% YoY, practically in line with our expectations.

GCC SAB de CV - Actinver Research - Cement post 3Q24: Bad Weather Negatively Impacted Results