GCC Reports Fourth Quarter and Full Year 2017 Results

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CHIHUAHUA, Mexico, Feb. 13, 2018 (GLOBE NEWSWIRE) --

Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV:GCC*), a leading producer of cement and ready-mix in markets in the United States and Mexico, today announced its results for the fourth quarter and full year 2017.

GCC once again generated double-digit increases in sales and EBITDA during the quarter. Results reflects strong demand in both the U.S. and Mexico, as well as the successful integration of the operations acquired in Texas and New Mexico at the end of 2016.  Results also benefitted from favorable pricing environments and good weather in both the U.S. and Mexico, and solid progress in the execution of the Company’s growth strategy.

Enrique Escalante, the CEO of GCC, commented: “GCC had an outstanding fourth quarter and strong full year results. EBITDA increased 58% in the quarter and 32% in the full year.  At the beginning of 2017, we expected to improve our EBITDA margin by at least 150 basis points. Our actual full year result was an increase of 180 basis points. We also reached our 2.0 times EBITDA leverage objective a year early.  The leverage ratio fell to 1.86 times at the end of 2017.”

“We begin 2018 with a promising business outlook, particularly in the U.S., where we foresee solid increases in demand and cement prices,” he concluded.

GCC’s complete earnings report is available on GCC’s Investor Relations .

Grupo Cementos de Chihuahua, S.A.B. de C.V. will host its earnings conference call on February 14, 2018.

Listen-only webcast and replay:  .

GCC is a leading supplier of cement, concrete, aggregates, and construction‐related services in the United States and Mexico, with an annual cement production capacity of 5.1 million metric tons. Founded in 1941, the Company’s shares are listed on the Mexican Stock Exchange under the ticker symbol GCC.

More news and information about Grupo Cementos de Chihuahua, S.A.B. de C.V.

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Globe Newswire: 22:05 GMT Tuesday 13th February 2018

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