Daniel Rojas Vielman's questions to Loma Negra Compania Industrial Argentina SA (LOMA) leadership • Q2 2025
Question
Daniel Rojas Vielman of Bank of America requested a deeper dive into the pricing dynamics, asking if the issue was a structural change in strategy due to lower inflation or purely a competitive reaction. He also inquired about the potential impact and timeline of the government's announced infrastructure privatization program.
Answer
Diego Jalón, Manager - IR, confirmed the situation was a combination of both factors. The sudden drop in inflation altered pricing strategies in terms of amount and timing, and as price adjustments became more spaced out, differing competitive reactions impacted the market. He noted this dynamic has stabilized recently. Regarding the public works program, he sees significant potential but believes the impact will be minimal in H2 2025, viewing it as a more significant driver for 2026 and beyond.