Cementos Pacasmayo ADR (NYSE:CPAC) Q4 2022 Results Conference Call February 15, 2023 9:30 AM ET
Company Participants
Claudia Bustamante - Investor Relations Manager
Humberto Nadal - Chief Executive Officer
Manuel Ferreyros - Chief Financial Officer
Conference Call Participants
Claudia Bustamante - IR
Babatunde Ojo - CFA, Portfolio Manager
Francisco Suarez - Scotiabank
Operator
Good day, everyone, and welcome to the Cementos Pacasmayo Fourth Quarter 2022 Earnings Conference Call. At this time, all participants have been placed on a listen-only mode and we will open the floor for your questions and comments after the presentation.
It is now my pleasure to turn the floor over to your host, Claudia Bustamante. Ma'am, the floor is yours.
Claudia Bustamante
Thank you, Matthew. Good morning, everyone. Joining me on the call today is Mr. Humberto Nadal, our Chief Executive Officer; and Mr. Manuel Ferreyros, our Chief Financial Officer. Mr. Nadal will begin our call with an overview of the quarter, focusing primarily on our strategic outlook for the short and medium term. Mr. Pereira will then follow with additional commentary on our financial results. We'll then turn the call over to your questions.
Please note that this call will include certain forward-looking statements. These statements relate to expectations, beliefs, projections, trends and other matters that are not historical facts and are therefore subject to risks and uncertainties that might affect future events or results. Descriptions of these risks are set forth in the company's regulatory filings.
With that, I'd now like to turn the call over to Mr. Humberto Nadal.
Humberto Nadal
Thank you, Claudia. Welcome, everyone, to today's conference call, and thank you for joining us today. This quarter, we continue to focus on our strategy, which has led us to deliver outstanding results. During 2022, we achieved over 9% growth in revenues and a similar level growth in EBITDA year-over-year.
Moreover, our profit for the year increased a substantial 15.4%. This is especially relevant considering that 2021 was already an all-time record year. We are convinced that these levels of profitability are possible because of our focus on three main pillars: sustainability, digital transformation and innovation.
We will continue to focus on these aspects to deliver the best possible results especially to the staff and need uncertain times. As we have mentioned before, operating and sustainability at our core is key for our company's future and to fulfill our purpose.
On the environmental front, we have signed the Peru roadmap to the net zero, committing ourselves to implement the necessary actions as an industry to reach net emissions of 520 kilograms of CO2 per return on cement by 2030.