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LOMA NEGRA a member of InterCement Loma Negra Reports 1Q21 results Buenos Aires , May 12 , 2021 – Loma Negra , ( NYSE : LOMA ; BYMA : LOMA ) , ( " Loma Negra " or the " Company " ) , the leading cement producer in Argentina , today announced results for the three - month period ended March 31 , 2021 ( our " 1Q21 Results " ) . 1Q21 Key Highlights ■ • • • Net revenue increased by 35.4 % YoY to Ps . 13,175 million ( US $ 143 million ) , mainly driven by our core cement segment Strong increase in our Consolidated Adjusted EBITDA of 49.6 % YoY to Ps . 4,730 million ( US $ 52 million ) Consolidated Adjusted EBITDA margin expanded by 341 basis points YoY from 32.3 % to 35.7 % , explained by higher sales of cement , masonry , and lime together with strong control over costs Net profit was Ps . 2,568 million representing a 104.4 % YoY increase , as Gross Profit coupled with Total Financial gain Net Debt / LTM Adjusted EBITDA ratio of 0.04x from 1.31x in 1Q20 and 0.16x in FY20 The Company has presented certain financial figures , Table 1b and Table 11 , in U.S. dollars and Pesos without giving effect to IAS 29. The Company has prepared all other financial information herein by applying IAS 29 . Commenting on the financial and operating performance for the first quarter of 2021 , Sergio Faifman , Loma Negra's Chief Executive Officer , noted : " We started the year in a very good shape , with a solid operating cashflow generation together with a very robust financial position . Furthermore , given the higher operational leverage and our strong focus in cost management is that we have achieved world - class profitability levels . Bearing in mind that due to the COVID - 19 lockdown demand for cement had bottomed in April last year and since then sale volume has recovered steadily , in this first quarter it has stabilized in values comparable to pre - pandemic levels of 1Q19 . By contrast , our other business segments continue to recover from a relatively worst situation , and are still far from pre - pandemic levels . The expansion of L'Amalí plant full commissioning is scheduled within next months , and the clinker line start - up is programmed for the coming days . Moreover , given the strong operational cashflow generation of the company and our competitive strengths , we have not only moved forward with our Capital expenditures in L'Amalí plant and reduced our Net Debt , but also build the foundations to rely on in the years to come . With cement demand stabilizing around pre - pandemic levels , we expect a moderate growth perspectives for the remainder of the year , as the macroeconomic context together with Covid - 19 second wave could increase the uncertainty and affect large construction projects resumption . "