Key figures (US $ million)
|
|
- Sybil Moore
- 5 years ago
- Views:
Transcription
1 THIRD QUARTER 218 REPORT Sigma is a leading multinational food company that produces, markets and distributes quality branded foods, including packaged meats, cheese, yogurt and other refrigerated and frozen foods. Sigma has a diversified portfolio of leading brands and operates 7 plants in 18 countries across its four key regions: Mexico, Europe, the United States, and Latin America. Key figures (US $ million) Key figures (US $ million) 3Q18 2Q18 3Q17 Ch % vs. 2Q18 Ch % vs. 3Q17 YTD. 18 YTD. 17 YTD. Chg. % Total Revenues 1,61 1,587 1,68 1-4,74 4,461 6 Total EBITDA Capex (8) Net Debt/ EBITDA Revenues amounted to US $1,61 million, similar to 3Q17. Mexico sales increased 7% in pesos. European sales in euros increased 1%, benefiting from the consolidation of the September 217 acquisition of Caroli. U.S. and Latin American sales were 1% and 2% lower than 3Q17, respectively. Accumulated 218 revenues totaled US $4,74 million, a 6% increase from the first nine months of 217. Sigma reported 3Q18 EBITDA of US $18 million, similar year-on-year. Excluding Europe s extraordinary items explained below, EBITDA increased 3%. EBITDA benefited from a solid performance of the Mexican and European operations. Accumulated 218 EBITDA totaled US $51 million, up 6% from the same period in 217. During 3Q18, capital expenditures totaled US $41 million. The funds were utilized for expansion and maintenance projects across the company. Sigma had strong cash flow generation during 3Q18, reducing its Net Debt to US $1,932 million, 5% lower than 3Q17. Net Debt to EBITDA improved from 3.1x in 3Q17 to 2.7x, while Interest Coverage improved from 4.6x in 3Q17 to 5.3x. Industry comments Consumer confidence was mixed during the quarter, while food retail sales increased across all regions. In Europe, according to the European Commission, the average consumer confidence index decreased slightly from -1.5 in 3Q17 to -1.8 during 3Q18, and food retail sales according to Eurostat increased 1%. In Mexico, the average consumer confidence index reported by INEGI (Instituto Nacional de Estadística y Geografía National Institute for Statistics and Geography) grew 17% year-on-year and 18% vs 2Q18, while same-store-sales reported by the National Association of Supermarkets and Department Stores (ANTAD) increased 5% year-on-year in nominal pesos. In the U.S., the average consumer confidence index increased 11% year-on-year as reported by The Conference Board, and food retail sales increased 4% year-on-year, reported by the U.S. Census Bureau. Key raw material prices were varied during the quarter. In Europe, prices for pork ham during 3Q18 remained stable and pork shoulder decreased 3% vs previous quarter. Year-on-year, 3Q18 pork ham and pork shoulder prices were 14% and 16% lower, respectively.
2 Sigma Alimentos S.A. de C.V. 3Q18 Quarterly Report 2 In the U.S., compared to the previous quarter, pork ham, chicken and turkey thigh prices were similar on average, while turkey breast increased 9%. Compared to 3Q17, pork ham prices were 19% lower. By contrast, chicken was 7% higher and turkey breast and turkey thighs were 3% and 27% higher year on year, respectively. For Mexico, pork prices were impacted by the tariffs imposed on June 5 th. Additionally, prices for pork belly and pork trims, which are mainly used for the U.S. operations increased 6% and 3% vs 2Q18, respectively. Financial results by region For 3Q18, sales in Mexico accounted for 42% of the quarter s total, while Europe represented 35%, the U.S. 16%, and Latin America 7%. Europe Sales in Europe during 3Q18 in euros increased 1% year-on-year. 3Q18 EBITDA in euros increased 2% vs. 3Q17, this includes 3.4 M in a nonrecurring provision from the closure of one manufacturing facility, as well as extraordinary gains of approximately 8 M in both 3Q17 and 3Q18 related to the September 217 acquisition of Caroli. Excluding these extraordinary items, 3Q18 EBITDA was 15% higher year-on-year, benefiting from better margins due to lower raw material costs, production efficiencies from the new Bureba plant and the Caroli acquisition which is exceeding management s expectations. México The Mexican operations continue reporting solid results. During 3Q18 Mexican sales and EBITDA in pesos increased 7% and 16% year-on-year, respectively. In turn, EBITDA margin increased 12 basis points year over year to 14.5%. USA 3Q18 U.S. sales decreased 1% year-on-year and EBITDA decreased 24% year-on-year. The U.S. results were significantly impacted by higher raw materials costs, along with continued high freight costs associated with the new transportation regulation, and a non-recurring stoppage at one of our main facilities in the U.S. related to necessary updates. Latam Third quarter 218 Latin America sales in USD terms decreased 2% year-on-year. By contrast, EBITDA increased 18% year-on-year. This improvement includes solid results at the Peruvian operations, with better than expected PMI results, and improved performance in Dominican Republic.
3 Sigma Alimentos S.A. de C.V. 3Q18 Quarterly Report 3 Selected financial information Selected Financial Information (US $ million) 3Q18 2Q18 3Q17 Ch % vs. 2Q18 Ch % vs. 3Q17 YTD. 18 YTD. 17 YTD. Ch. % Total Revenues 1,61 1,587 1,68 1-4,74 4,461 6 Europe (1) 1,686 1,539 1 Mexico ,951 1,86 5 USA (6) (1) Latam (1) (2) Total EBITDA Europe Mexico USA (16) (24) (12) Latam Capex (8) Net Debt 1,932 2,3 2,37 (5) (5) 1,932 2,37 (5) Net Debt / EBITDA LTM Interest Coverage
4 Sigma Alimentos S.A. de C.V. 3Q18 Quarterly Report 4 SIGMA Table 1 Volume and Price Changes 3Q18 vs. YTD. 18 vs. 2Q18 3Q17 YTD. 17 Total Volume (2.) Avg. Ps. Prices Avg. US $ Prices 2.9 (1.) 3.5 Table 2 Revenues 3Q18 vs. 3Q18 2Q18 3Q17 2Q18 3Q17 YTD. 18 YTD.'17 Chg.% Total Revenues Ps. Millions 3,384 3,755 28,658 (1) 6 9,249 84,6 7 US $ Millions 1,61 1,587 1,68 1-4,74 4,461 6 Domestic Revenues Ps. Millions 12,682 12,525 11, ,136 35,37 6 US $ Millions ,951 1,86 5 Foreign Revenues Ps. Millions 17,71 18,23 16,757 (3) 6 53,113 49,24 8 US $ Millions (1) (1) 2,789 2,61 7 Foreign / Total Table 3 Operating Income and EBITDA 3Q18 vs. 3Q18 2Q18 3Q17 2Q18 3Q17 YTD. 18 YTD.'17 Chg.% Operating Income Ps. Millions 2,433 2,21 2, ,668 6,96 9 US $ Millions EBITDA Ps. Millions 3,412 3,25 3, ,76 9,26 8 US $ Millions Table 4 Selected Balance Sheet Information & Financial Ratios (US $ millions) 3Q18 2Q18 3Q17 YTD. 18 YTD. 17 Assets 5,185 5,166 5,365 5,185 5,365 Liabilities 4,215 4,235 4,47 4,215 4,47 Stockholders Equity Majority Equity Net Debt 1,932 2,3 2,37 1,932 2,37 Net Debt/EBITDA* Interest Coverage* * Times: LTM = Last 12 months
5 5 Sigma Alimentos S.A. de C.V. 3Q18 Quarterly Report SIGMA Sigma Alimentos, S.A. de C.V. and Subsidiaries STATEMENT OF FINANCIAL POSITION Information in thousands (Thousands of pesos) Sept '18 Sept '17 1,62,631 5,543 4,94,56 335,623 14,831,399 2,88,838 33,569,54 1,98,38 149,219 6,21, ,823 14,583,982 3,168,138 35,27,979 54,251 (98,676) (1,26,931) (491,2) 247,417 (359,3) (1,458,439) 5. (66.1) (2.3) (59.4) 1.7 (11.3) (4.2) 563,61 2, ,625 17, ,41 149,311 1,784, ,92 8,2 34,778 45,435 81,41 174,96 1,924,839 8,69 (5,513) (78,153) (27,594) (13,9) (24,785) (14,364) 1.6 (67.2) (22.9) (6.7) (1.6) (14.2) (7.3) NON-CURRENT ASSETS: Property, plant and equipment, net Intangible assets, net Goodwill Deferred income tax Investments in associates and joint ventures Other non-current assets Total non-current assets 32,969,228 15,453,53 12,94,77 2,237,794 12, ,74 63,966,466 32,87,778 14,516,197 12,946,49 2,1,858 89, ,838 62,61, ,45 936,856 (5,342) 136,936 13,691 12,92 1,364, ,752, , , ,956 5,472 13,967 3,4,32 1,82, , ,43 115,445 4,95 7,793 3,44,64 (5,269) 23,762 (23,57) 3, ,174 (39,762) (2.8) 3. (3.3) () Total assets 97,536,6 97,629,952 (93,946) (.1) 5,184,777 5,364,93 (18,126) (3.4) LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES: Current debt Notes payables Suppliers Income tax payable Provisions Other current liabilities Total current liabilities 652,434 81,829 18,247,835 1,889, ,698 5,545,54 26,65,577 2,47,52 65,91 18,22,841 1,739, ,787 5,44,442 27,722,5 (1,817,618) 16,738 26, ,44 6,911 51,62 (1,116,473) (73.6) (4.) 34,682 4,35 97,1 1,429 1,31 294,786 1,414, ,733 3,577 1,1,261 95,66 9,99 277,199 1,523,366 (11,51) 773 (31,251) 4, ,587 (19,78) (74.4) 21.6 (3.1) (7.2) 45,688,39 249,998 3,473,798 1,43,877 96,124 1,276, ,896 52,688,355 44,18, ,423 4,113,576 1,19, ,733 2,12, ,828 52,469,564 1,579,28 (64,425) (639,778) 213,543 (57,69) (844,288) 32,68 218, (2.5) (15.6) 17.9 (37.5) (39.8) ,428,665 13, ,659 74,627 5,11 67,862 26,573 2,8,784 2,423,838 17, ,47 65,411 8, ,547 25,78 2,883,276 4,827 (3,99) (41,388) 9,216 (3,337) (48,685) 865 (82,492).2 (23.1) (18.3) 14.1 (39.5) (41.8) 3.4 (2.9) 79,293,932 8,191,614 (897,682) (1.1) 4,215,72 4,46,642 (191,57) (4.3) 27,81 666,988 27,81 666, ,69 17,548,6 18,242,75 17,67, ,842 18,242,74 97,536,6 694,69 16,744,269 17,438,338 16,828,274 61,64 17,438,338 97,629,952 83,737 83, ,958 24,778 83,736 (93,946) (.1) 969,74 969,74 935,958 33, ,75 5,184, , , ,737 33, ,26 5,364,93 11,443 11,443 11, ,445 (18,126)..7 (3.4) Total liabilities STOCKHOLDERS' EQUITY Capital stock Share premium Contribuited capital Earned surplus Total stockholders' equity Total controlling interest: Total non-controlling interest: Total stockholders' equity Total liabilities and stockholders' equity (2) (Thousands of U.S. Dollars) Sept '18 (1) Sept '17 (2) ASSETS CURRENT ASSETS: Cash and cash equivalents Restricted cash Customers, net Income tax recoverable Inventories Other current assets Total current assets NON-CURRENT LIABILITIES: Non-current debt Notes payables Deferred income taxes Employees benefits Provisions Income tax payable Other non-current liabilities Total non-current liabilities (1) Translated into U.S. Dollars, solely for the convenience of the reader, using an exchange rate of Ps per U.S. Dollar, the exchange rate published by the Mexican Central Bank for payment of obligations denominated in U.S. dollars on September 3, 218. Translated into U.S. Dollars, solely for the convenience of the reader, using an exchange rate of Ps per U.S. Dollar, the exchange rate published by the Mexican Central Bank for payment of obligations denominated in U.S. dollars on September 3, 217.
6 6 Sigma Alimentos S.A. de C.V. 3Q18 Quarterly Report SIGMA Sigma Alimentos, S.A. de C.V. and Subsidiaries STATEMENT OF INCOME Information in thousands (Thousands of pesos) III Quarter 18 III Quarter 17 Revenue Cost of sales Gross profit Selling expenses Administrative expenses Other income (expenses), net Operating profit Comprehensive financial expenses, net Equity in income (loss) of associates Profit before income tax Income tax Net consolidated profit (Thousands of U.S. Dollars) III Quarter 18 (1) III Quarter 17(2) 3,383,554 (21,815,16) 8,568,538 28,658,26 (2,695,299) 7,962,97 1,725,348 (1,119,717) 65, ,61,182 (1,149,642) 451,54 1,68,68 (1,161,254) 446,814 (6,886) 11,612 4,726 (.4) (1.) 1.1 (4,974,443) (1,314,33) 153,48 2,432,84 (4,653,978) (1,272,425) 192,17 2,228,674 (32,465) (41,878) (39,122) 24, (2.4) 9.2 (262,15) (69,236) 8,49 128,248 (261,136) (71,392) 1, ,77 (969) 2,156 (2,742) 3,171.4 (3.) (25.4) 2.5 (531,4) 16,988 1,918,428 (888,586) 9,258 1,349, ,186 7,73 569,82 (4.2) (27,752) 94 11,4 (49,82) ,776 22, ,624 (44.3) (1,292,734) 625,694 (33,2) 1,19,344 (962,732) (393,65) (38.6) (67,914) 33,486 (18,513) 57,263 (49,41) (23,777) (41.5) 614,255 1,6,523 (392,268) (39.) 32,883 56,543 (23,66) (41.8) 11,439 12,821 (1,382) (1.8) (117) (16.3) Profit (loss) attributable to: Controlling interest Non-controlling interest (1) Translated monthly into U.S. Dollars, solely for the convenience of the reader, using the average exchange rate of each month, published by the Mexican Central Bank for payment of obligations denominated in U.S. dollars for the three month period ended September 3, 218. (2) Translated monthly into U.S. Dollars, solely for the convenience of the reader, using the average exchange rate of each month, published by the Mexican Central Bank for payment of obligations denominated in U.S. dollars for the three month period ended September 3, 217.
7 Sigma Alimentos S.A. de C.V. 3Q18 Quarterly Report 7 JOSÉ VIVANCO CLAUDIA VERÁSTEGUI jvivanco@sigma-alimentos.com cjverastegui@sigma-alimentos.com
Selected financial information
SECOND QUARTER 2018 REPORT Sigma is a leading multinational refrigerated food company that produces, markets and distributes quality branded foods, including packaged meats, cheese, yogurt and other refrigerated
More informationSelected financial information
FIRST QUARTER 2018 REPORT Sigma is a leading multinational refrigerated food company that produces, markets and distributes quality branded foods, including packaged meats, cheese, yogurt and other refrigerated
More informationFOURTH QUARTER 2017 REPORT
FOURTH QUARTER 2017 REPORT Sigma is a leading global company in the refrigerated food industry, focused on the production, marketing and distribution of packaged meats, cheese, yogurt and other refrigerated
More informationTHIRD QUARTER 2017 REPORT
THIRD QUARTER 2017 REPORT Sigma is a leading global company in the refrigerated food industry, focused on the production, marketing and distribution of packaged meats, cheese, yogurt and other refrigerated
More informationALFA, S.A.B. DE C.V. SECOND QUARTER 2018 FINANCIAL REPORT ALFA reports record EBITDA of US $676 million in 2Q18, up 30% year-over-year
ALFA, S.A.B. DE C.V. SECOND QUARTER 2018 FINANCIAL REPORT ALFA reports record EBITDA of US $676 million in 2Q18, up 30% year-over-year Monterrey, N.L., Mexico, July 18, 2018.- ALFA, S.A.B. de C.V. (ALFA),
More informationALFA Reports 1Q18 EBITDA of US $629 million, a growth of 19% year-over-year
ALFA, S.A.B. DE C.V. FIRST QUARTER 2018 FINANCIAL REPORT ALFA Reports 1Q18 EBITDA of US $629 million, a growth of 19% year-over-year Monterrey, N.L., Mexico, April 18, 2018.- ALFA, S.A.B. de C.V. (ALFA),
More informationSECOND QUARTER 2017 FINANCIAL REPORT ALFA REPORTS 2Q17 EBITDA OF U.S. $522 MILLION
ALFA, S.A.B. DE C.V. SECOND QUARTER 2017 FINANCIAL REPORT ALFA REPORTS 2Q17 EBITDA OF U.S. $522 MILLION Monterrey, N.L., Mexico, July 26, 2017.- ALFA, S.A.B. de C.V. (ALFA), a leading Mexican industrial
More informationFOURTH QUARTER 2017 FINANCIAL REPORT ALFA REPORTS 4Q17 EBITDA OF US $568 MILLION
ALFA, S.A.B. DE C.V. FOURTH QUARTER 2017 FINANCIAL REPORT ALFA REPORTS 4Q17 EBITDA OF US $568 MILLION Monterrey, N.L., Mexico, February 12, 2018.- ALFA, S.A.B. de C.V. (ALFA), a leading Mexican industrial
More informationTHIRD QUARTER 2017 FINANCIAL REPORT ALFA REPORTS 3Q17 EBITDA OF U.S. $400 MILLION
ALFA, S.A.B. DE C.V. THIRD QUARTER 2017 FINANCIAL REPORT ALFA REPORTS 3Q17 EBITDA OF U.S. $400 MILLION Monterrey, N.L., Mexico, October 16, 2017.- ALFA, S.A.B. de C.V. (ALFA), a leading Mexican industrial
More informationMonterrey, Mexico. October 25, 2012 Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA)
Third Quarter 2012 BMV: GFAMSA Monterrey, Mexico. October 25, 2012 Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA) Report from the Chief Executive Officer on Grupo Famsa, S.A.B. de C.V. s third quarter 2012
More informationGRUMA REPORTS FOURTH QUARTER 2017 RESULTS
Investor Relations ir@gruma.com Tel: 52 (81) 8399-3349 www.gruma.com San Pedro Garza García, N.L., Mexico; February 21, 2018 GRUMA REPORTS FOURTH QUARTER 2017 RESULTS HIGHLIGHTS GRUMA s performance in
More informationEARNINGS RELEASE 3Q17
LOGISTICS INVESTMENT PLATFORM EARNINGS RELEASE 3Q17 1 Quarterly Results 3Q17 TRAXION S REVENUE AND EBITDA INCREASE 70% AND 56% DURING 3Q17 BOOSTED BY ACQUISITIONS CONSOLIDATION YTD 2017 REVENUE AND EBITDA
More informationEarnings Results. Second Quarter 2015
Earnings Results Second Quarter 2015 Forward Looking Statements This presentation contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking statements involve
More information3Q18 EARNINGS RELEASE. Earnings Release 3Q18 1 / 16
EARNINGS RELEASE 3Q18 1 / 16 Monterrey, Mexico, October 25 th, 2018. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer and savings sector, announced
More informationTHIRD-QUARTER 2007 RESULTS (Peso amounts are stated in millions in constant terms as of September 30, 2007)
Rogelio Sánchez rsanchezm@gruma.com (52) 81 8399-3312 Lilia Gómez lgomez@gruma.com (52) 81 8399-3324 Monterrey, N.L. Mexico; October 24, 2007 www.gruma.com THIRD-QUARTER 2007 RESULTS (Peso amounts are
More informationEarnings Release 4Q16
Monterrey, Mexico, May 4th, 2017 Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer credit and savings sectors, announced today its earnings results
More informationGRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Fourth quarter 2016 earnings results
GRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Fourth quarter 2016 earnings results GCC REPORTS FOURTH QUARTER 2016 RESULTS Chihuahua, Chihuahua, Mexico, April 27, 2017 Grupo Cementos de Chihuahua,
More informationEarnings Release 4Q15
Monterrey, Mexico, May 27, 2016. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer credit and savings sectors, announced today its earnings results
More informationThird Quarter 2011 BMV: GFAMSA
Third Quarter 2011 BMV: GFAMSA Monterrey, Mexico. October 27, 2011 Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA) Report from the Chief Executive Officer on Grupo Famsa, S.A.B. de C.V. s third quarter 2011
More informationGCC REPORTS THIRD QUARTER 2018 RESULTS
GCC REPORTS THIRD QUARTER 2018 RESULTS Chihuahua, Chihuahua, Mexico, October 23, 2018 Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV: GCC *), a leading producer of cement and ready-mix concrete in the
More informationOUTLOOK 2018 May, 2018
May, 2018 This presentation contains forward-looking information based on numerous variables and assumptions that are inherently uncertain. They involve judgments with respect to, among other things, future
More informationThird Quarter 2018 (3Q18)
Monterrey, Mexico. October 15, 2018 Alpek, S.A.B. de C.V. (BMV: ALPEK) Selected Financial Information (U.S. $ Millions) Alpek reports 3Q18 EBITDA of U.S. $274 million Total Volume (ktons) 1,174 1,151 1,012
More informationGRUPO SENDA AUTOTRANSPORTE, S.A. DE C.V. ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS AS OF SEPTEMBER 30, 2008
GRUPO SENDA AUTOTRANSPORTE, S.A. DE C.V. ANNOUNCES THIRD QUARTER AND NINE MONTH RESULTS AS OF SEPTEMBER 30, 2008 Monterrey, Nuevo Leon, Mexico October 23, 2008 Grupo Senda Autotransporte, S.A. de C.V.
More informationGRUMA REPORTS FIRST QUARTER 2018 RESULTS
Investor Relations ir@gruma.com Tel: 52 (81) 8399-3349 www.gruma.com San Pedro Garza García, N.L., Mexico; April 25, 2018 HIGHLIGHTS GRUMA REPORTS FIRST QUARTER 2018 RESULTS GRUMA s performance showed
More informationMonterrey, Mexico. July 26, 2012 Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA)
Second Quarter 2012 BMV: GFAMSA Monterrey, Mexico. July 26, 2012 Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA) Report from the Chief Executive Officer on Grupo Famsa, S.A.B. de C.V. s second quarter 2012 (2Q12)
More information2Q12. ALFA reports a 10% EBITDA increase yearon year. ALFA, S.A.B. DE C.V.
2Q12 ALFA, S.A.B. DE C.V. ALFA reports a 10% EBITDA increase yearon year. Monterrey, N.L., Mexico. July 16, 2012. ALFA, S.A.B. de C.V. (ALFA) one of Mexico s leading industrial companies, announced today
More informationFEMSA Announces Third Quarter 2018 Results
FEMSA Announces Third Quarter 2018 Results Monterrey, Mexico, October 26, 2018 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial
More informationGRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. RELEVANT RESULTS AND FACTS FOR THE FOURTH QUARTER OF 2017
GRUPO COMERCIAL CHEDRAUI, S.A.B. DE C.V. RELEVANT RESULTS AND FACTS FOR THE FOURTH QUARTER OF 2017 Consolidated total sales growth of 5% Same store sales growth in Mexico of 4% Consolidated EBITDA growth
More information2018 THIRD QUARTER AND FIRST NINE MONTHS RESULTS
2018 THIRD QUARTER AND FIRST NINE MONTHS RESULTS Mexico City,, Coca-Cola FEMSA, S.A.B. de C.V. (BMV: KOFL, NYSE: KOF) ( Coca-Cola FEMSA, KOF or the Company ), the largest Coca-Cola franchise bottler in
More information1Q18 EARNINGS RELEASE. Earnings Release 1Q18 1 / 15
EARNINGS RELEASE 1Q18 1 / 15 Monterrey, Mexico April 27 th, 2018. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer and savings sector, announced
More informationFourth Quarter 2014 BMV: GFAMSA
Monterrey, Mexico, April 27, 2015. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA) Report of the Chief Executive Officer of Grupo Famsa, S.A.B. de C.V. on the results of the fourth quarter of 2014 (4Q14), with
More informationFEMSA Announces Third Quarter 2016 Results
FEMSA Announces Third Quarter 2016 Results Monterrey, Mexico, October 28, 2016 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational and financial
More informationGISSA Reports 3Q17 Results Boosted by Acquisition Strategy
Media Contact Tel: +52 (844) 411-1095 pr@gis.com.mx www.gis.com.mx Investor Relations Contact Tel: +52 (844) 411-1050 ir@gis.com.mx http://ri.gis.investorcloud.net/ GISSA Reports 3Q17 Results Boosted by
More informationGRUMA REPORTS SECOND QUARTER 2018 RESULTS
Investor Relations ir@gruma.com Tel: 52 (81) 8399-3349 www.gruma.com San Pedro Garza García, N.L., Mexico; July 25, 2018 GRUMA REPORTS SECOND QUARTER 2018 RESULTS HIGHLIGHTS GRUMA s performance in the
More information3Q15 Earnings Presentation
Earnings Presentation 2 Agenda 1 Highlights...... 3 2 Consolidated Results....... 4 3 4 Famsa Mexico..... 6 Banco Famsa..... 7 5 Famsa USA...... 10 6 Financial Position Items...... 11 3 1. Highlights YTD
More information9M 2018 Earnings Results. November 13,
9M 2018 Earnings Results November 13, 2018 www.grupocodere.com 1 Table of Contents Financial and Operating Overview... 3 Consolidated Income Statement... 4 Revenue and Adjusted EBITDA... 6 Earnings per
More informationSECOND QUARTER 2015 RESULTS
B SECOND QUARTER 2015 RESULTS MEXICO CITY, JULY 21, 2015 Grupo Bimbo S.A.B. de C.V. ( Grupo Bimbo or the Company ) (BMV: BIMBO) today reported results for the three months ended June 30, 2015.* HIGHLIGHTS
More informationcontroladora mabe, s.a. de c.v. Q4, 2015 Results CONTROLADORA MABE, S.A. DE C.V.
Q4, 2015 Q4, 2015 Results CONTROLADORA MABE, S.A. DE C.V. During the fourth quarter of 2015, Mabe delivered a very solid top line performance despite FX volatility, compensated by smart pricing. Sales
More informationThird Quarter 2017 Results MAXCOM TELECOMUNICACIONES, S.A.B. DE C.V.
MAXCOM TELECOMUNICACIONES, S.A.B. DE C.V. 1 MAXCOM REPORTS RESULTS FOR THE THIRD QUARTER OF 2017 Mexico City, October 18, 2017. Maxcom Telecomunicaciones, S.A.B. de C.V. (OTCQX: MXMTY, BMV: MAXCOM A) (
More informationGRUMA REPORTS FIRST QUARTER 2017 RESULTS
HIGHLIGHTS GRUMA REPORTS FIRST QUARTER 2017 RESULTS During the first quarter, GRUMA showed continued growth at its operations with volume increases at all its subsidiaries other than Gruma Centroamérica.
More informationGRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Second quarter 2017 earnings report
GRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Second quarter 2017 earnings report GCC REPORTS SECOND QUARTER 2017 RESULTS Chihuahua, Chihuahua, Mexico, July 25, 2017 Grupo Cementos de Chihuahua,
More informationSecond Quarter 2017 (2Q17)
Monterrey, Mexico. July 26, 2017 Alpek, S.A.B. de C.V. (BMV: ALPEK) Selected Financial Information (U.S. $ Millions) Alpek reports 2Q17 EBITDA of U.S. $82 million Total Volume (ktons) 1,038 986 981 5 6
More informationFEMSA Achieves Double-Digit Revenue and Operating Income Growth Across Operations in 3Q11
FEMSA Achieves Double-Digit Revenue and Operating Income Growth Across Operations in 3Q11 Monterrey, Mexico, October 28, 2011 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) announced today its operational
More informationMaxcom Telecomunicaciones, S.A.B de C.V.
Maxcom Telecomunicaciones, S.A.B de C.V. Third Quarter Results 2018 Content Earnings Results Summary and Relevant Events Commercial Business Unit Wholesale Business Unit Residential Business Unit Consolidated
More informationFEMSA Releases Audited Financial Results for the Fourth Quarter and Twelve Months ended December 31, 1998
FOR IMMEDIATE RELEASE FOR FURTHER INFORMATION: Laura E. Solano/María Elena Gutiérrez Investor Relations 011-528-328-6150/011-528-328-6245 e-mail: lsolmar@femsa.com.mx megutsan@femsa.com.mx Friday February
More information4Q16 and 2016 Results
JBS S.A. (BVM&FBOVESPA: JBSS3; OTCQX: JBSAY) São Paulo, March 13 th, 2017 and 2016 Results JBS Ended With Net Income of R$693.9 million and a free cash generation of R$2.9 billion JBS ended with net revenues
More information2005 FOURTH QUARTER AND FULL-YEAR RESULTS
2005 FOURTH QUARTER AND FULL-YEAR RESULTS Stock Listing Information NYSE (ADR) Ticker: CX MEXICAN STOCK EXCHANGE Ticker: CEMEX.CPO Ratio of CEMEX.CPO to CX= 10:1 Fourth quarter (1) January - December (1)
More informationMAXCOM TELECOMUNICACIONES, S.A.B. DE C.V.
MAXCOM TELECOMUNICACIONES, S.A.B. DE C.V. 1 MAXCOM REPORTS RESULTS FOR THE FIRST QUARTER OF 2016 Mexico City, April 21, 2016. Maxcom Telecomunicaciones, S.A.B. de C.V. (OTCQX: MXMTY, BMV: MAXCOM CPO) (
More informationGRUPO BIMBO REPORTS THIRD QUARTER 2018 RESULTS MEXICO CITY, OCTOBER 24, 2018
GRUPO BIMBO REPORTS THIRD QUARTER 2018 RESULTS MEXICO CITY, OCTOBER 24, 2018 We delivered strong third quarter results. We continue to transform our Company to be highly competitive, productive and sustainable
More information4Q17 and year-end 2017 Press Release
4Q17 and year-end 2017 Press Release 4Q and FY Results CONTROLADORA MABE, S.A. DE C.V. Net revenues during the fourth quarter of 2017 reached US$851MM, recording growth of 4.7% versus the prior year quarter,
More informationGRUPO BIMBO REPORTS FIRST HALF 2016 RESULTS
GRUPO BIMBO REPORTS FIRST HALF 2016 RESULTS MEXICO CITY, JULY 26, 2016 Grupo Bimbo S.A.B. de C.V. ( Grupo Bimbo or the Company ) (BMV: BIMBO) today reported its results for the six months ended June 30,
More informationFourth Quarter Highlights:
Latin America s Beverage Leader FEMSA Reports Double-Digit Growth in 2006 Total Revenues increased 13.2% to US$ 11.6 billion for full year Monterrey, Mexico, Fomento Económico Mexicano, S.A.B. de C.V.
More informationGRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Second quarter 2015 earnings results
GRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Second quarter 2015 earnings results GCC REPORTS SECOND QUARTER 2015 RESULTS Chihuahua, Chihuahua, Mexico, July 28, 2015 Grupo Cementos de Chihuahua,
More informationFirst Quarter 2015 (1Q15)
Monterrey, Mexico. April 23, 2015 Alpek, S.A.B. de C.V. (BMV: ALPEK) Selected Financial Information (U.S. $ Millions) Total Volume (ktons) (1) Times: Last 12 months Alpek reports 1Q15 EBITDA of U.S. $137
More informationCAMPOFRIO FOOD GROUP
CAMPOFRIO FOOD GROUP UNAUDITED INTERIM SELECTED CONSOLIDATED FINANCIAL INFORMATION NINE MONTH PERIOD ENDED 30 TH SEPTEMBER 2017 TABLE OF CONTENTS INTRODUCTION... 1 CONSOLIDATED INCOME STATEMENT... 2 CONSOLIDATED
More information4Q15 Earnings Presentation
Earnings Presentation 2 Agenda 1 Highlights..... 3 2 Consolidated Results... 4 3 4 Famsa Mexico... 6 Banco Famsa..... 7 5 Famsa USA.. 11 6 Financial Position Items........ 12 7 2016 Guidance..... 13 3
More informationThird Quarter 2017 (3Q17)
Monterrey, Mexico. October 16, 2017 Alpek, S.A.B. de C.V. (BMV: ALPEK) Alpek reports 3Q17 EBITDA of U.S. $3 million, including a U.S. -$113 million provision covering the full amount of M&G accounts receivable
More informationMEXICAN STOCK EXCHANGE
STOCK EXCHANGE CODE: STATEMENT OF FINANCIAL POSITION QUARTER: 1 YEAR: 213 REF AT 31 MARCH 213 AND 31 DECEMBER 212 (Thousand Pesos) ACCOUNT / SUBACCOUNT ENDING CURRENT PREVIOUS YEAR END Amount Amount 1
More information4Q17 EARNINGS RELEASE. Earnings Release 4Q17 1 / 16
EARNINGS RELEASE 4Q17 1 / 16 Monterrey, Mexico February 26 th, 2018. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer and savings sector, announced
More informationFEMSA Announces Fourth Quarter and Full Year 2016 Results
FEMSA Announces Fourth Quarter and Full Year 2016 Results Monterrey, Mexico, February 27, 2017 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) (NYSE: FMX; BMV: FEMSAUBD) announced today its operational
More informationGRUMA REPORTS FOURTH QUARTER 2016 RESULTS
GRUMA REPORTS FOURTH QUARTER 2016 RESULTS HIGHLIGHTS During the fourth quarter of 2016 GRUMA s performance continued its double-digit upward growth trend across its financial results. Sales volume growth
More informationGRUPO MEGACABLE HOLDINGS ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2014
Highlights versus : Net service revenues registered solid growth of 16% The internet segment increased 34% with net additions of 308 thousand subscribers Revenues from the Corporate Segment rose 117% to
More informationSecond Quarter 2016 Results MAXCOM TELECOMUNICACIONES, S.A.B. DE C.V.
MAXCOM TELECOMUNICACIONES, S.A.B. DE C.V. 1 MAXCOM REPORTS RESULTS FOR THE SECOND QUARTER OF 2016 Mexico City, July 21, 2016. Maxcom Telecomunicaciones, S.A.B. de C.V. (OTCQX: MXMTY, BMV: MAXCOM CPO) (
More informationGRUMA REPORTS SECOND QUARTER 2013 RESULTS
IR Contact Information: ir@gruma.com (52) 81 8399-3311 and 24 Monterrey, N.L. Mexico; July 24, 2013 www.gruma.com GRUMA REPORTS SECOND QUARTER 2013 RESULTS HIGHLIGHTS The positive performance of GRUMA
More informationCELULOSA ARAUCO Y CONSTITUCIÓN S.A. Second Quarter 2018 Results August 21, 2018
CELULOSA ARAUCO Y CONSTITUCIÓN S.A. Second Quarter 2018 Results August 21, 2018 1 HIGHLIGHTS REVENUES U.S.$ 1,559.3 MILLION Arauco s revenues reached U.S.$ 1,559.3 million during the second quarter of
More informationVitro Reports 2Q17 YoY Increases of 146% and 95% in Sales and EBITDA respectively in US Dollars
Vitro Reports 2Q17 YoY Increases of 146% and 95% in Sales and EBITDA respectively in US Dollars San Pedro Garza García, Nuevo León, Mexico, July 26, 2017 Vitro, S.A.B. de C.V. (BMV: VITROA), hereinafter
More informationNote 2 - Acquisitions and other relevant events:
Note 2 - Acquisitions and other relevant events: 2016 a) Acquisition Axtel On December 3, 2015, ALFA, Axtel, S. A. B. de C. V. ( Axtel ) and Onexa, S. A. de C. V. ( Onexa ) subsidiary of ALFA, and a group
More information4Q17 EARNINGS RELEASE. Earnings Release 4Q17 1 / 19
EARNINGS RELEASE 4Q17 1 / 19 Monterrey, Mexico May 4 th, 2018. Grupo Famsa, S.A.B. de C.V. (BMV: GFAMSA), a leading Mexican commercial conglomerate in the retail, consumer and savings sector, announced
More informationGRUPO BIMBO REPORTS FIRST HALF 2017 RESULTS
GRUPO BIMBO REPORTS FIRST HALF 2017 RESULTS MEXICO CITY, JULY 25, 2017 Grupo Bimbo, S.A.B. de C.V. ( Grupo Bimbo or the Company ) (BMV: BIMBO) today reported its results for the six months ended June 30,
More informationINDUSTRIAS BACHOCO ANNOUNCES SECOND QUARTER 2016 RESULTS
INDUSTRIAS BACHOCO ANNOUNCES SECOND QUARTER 2016 RESULTS Celaya, Guanajuato, Mexico July 25, 2016 Industrias Bachoco, S.A.B. de C.V., Bachoco or the Company, (NYSE: IBA; BMV: Bachoco) announced today its
More informationGCC REPORTS FIRST QUARTER 2018 RESULTS
GCC REPORTS FIRST QUARTER 2018 RESULTS Chihuahua, Chihuahua, Mexico, April 24, 2018 Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV: GCC *), a leading producer of cement and ready-mix concrete in the
More informationARPU per unique subscriber continued its growth trend to reach Ps , a record figure for the Company, a 5.2% increase when compared to 3Q17.
Highlights: At the close of 3Q18, RGUs totaled 7.8 million, a 13.8% increase compared to 3Q17; reaching 2.19 RGUs per unique subscriber, an increase when compared to 3Q17. ARPU per unique subscriber continued
More informationCommenting on the results, President & CEO Petros Diamantides said:
São Paulo, Brazil, March, 5 th 2018 - Metalfrio Solutions S.A. (FRIO3) ( Metalfrio ), one of the world s largest manufacturers of plug in commercial refrigeration equipment, announces its results for the
More information1Q16 Earnings Presentation
Earnings Presentation 2 Agenda 1 Highlights..... 3 2 Consolidated Results... 4 3 4 Famsa Mexico... 6 Banco Famsa..... 7 5 Famsa USA... 10 6 Financial Position Items........ 11 3 1. Highlights Solid Consolidated
More informationFirst Quarter 2017 (1Q17)
Monterrey, Mexico. April 24, 2017 Alpek, S.A.B. de C.V. (BMV: ALPEK) Selected Financial Information (U.S. $ Millions) (1) Times: Last 12 months Alpek reports 1Q17 EBITDA of U.S. $158 million Operating
More informationREVENUES AND EBITDA INCREASED 5% AND 14% VIS- A- VIS 1Q14
ALFA, S.A.B. de C.V. FIRST QUARTER 2015 FINANCIAL REPORT REVENUES AND EBITDA INCREASED 5% AND 14% VIS- A- VIS 1Q14 Monterrey, N.L., Mexico. April 23, 2015.- ALFA, S.A.B. de C.V. ( ALFA ) announced today
More informationTHE MEXICO EQUITY & INCOME FUND, INC.
Quarterly Message from The Fund s Investment Advisor at the end of the first Quarter of 2018 Dear Stockholders of the Fund, Against the backdrop of a possible U.S. trade war with China, the Mexican economy
More informationContact: Investor Relations: Enrique D. Ortega Prieto phone (52) Second 2008
Information on the Stock Mexican Stock Exchange Ticker: MEXCHEM* Contact: Investor Relations: Enrique D. Ortega Prieto www.mexichem.com eortega@mexichem.com phone (52) 555366 4065 Consolidated Results
More information4Q11 Results 4Q11. Executive Summary: Full Year Revenues Increased by 18%, Reaching Ch$ 86,345. million in 2011; 4Q 2011 Revenues up 16.
4Q11 4Q11 Results Parque Arauco S.A. Executive Summary: Full Year Revenues Increased by 18%, Reaching Ch$ 86,345 million in 2011; 4Q 2011 Revenues up 16.3% Full Year EBITDA Increased 17.6% from 2010 to
More informationHighlights (4Q15 and full year 2015 vs 2014) President & CEO Petros Diamantides said:
São Paulo, Brazil, March, 1st 2016 - Metalfrio Solutions S.A. (FRIO3) ( Metalfrio ), one of the world s largest manufacturers of plug in commercial refrigeration equipment, announces its results for the
More informationGenomma Lab FOURTH QUARTER AND FULL YEAR 2015 RESULTS
Mexico City, Mexico, April 27, 2016 Genomma Lab Internacional, S.A.B. de C.V. (BMV: LAB.B) ( Genomma Lab or the Company ), today announced its results for the first quarter ended March 31, 2016. All figures
More information(Millions of Mexican pesos with purchasing power as of September, 2002) % 9 Months 9 Months % 3Q Q 2001 Increase Increase
269,858 lines were added during the third quarter raising the total to 14,158,103 lines in service, an annual increase of 8.8% At the end of the second quarter, Internet access accounts increased 30.3%
More informationCAMPOFRIO FOOD GROUP
CAMPOFRIO FOOD GROUP UNAUDITED INTERIM SELECTED CONSOLIDATED FINANCIAL INFORMATION YEAR ENDED 31 TH DECEMBER 2017 TABLE OF CONTENTS INTRODUCTION... 1 CONSOLIDATED INCOME STATEMENT... 2 CONSOLIDATED STATEMENT
More informationLet s give our soul, heart and being in everything we do. R.I.P. Don Lorenzo Servitje, founder of Grupo Bimbo
GRUPO BIMBO REPORTS 2016 RESULTS MEXICO CITY, FEBRUARY 23, 2017 Grupo Bimbo, S.A.B. de C.V. ( Grupo Bimbo or the Company ) (BMV: BIMBO) today reported its results for the twelve months ended December 31,
More informationTernium Announces Fourth Quarter and Full Year 2012 Results
Sebastián Martí Ternium - Investor Relations +1 (866) 890 0443 +54 (11) 4018 2389 www.ternium.com Ternium Announces Fourth Quarter and Full Year 2012 Results Luxembourg, February 20, 2013 Ternium S.A.
More informationGRUPO ELEKTRA ANNOUNCES EBITDA GROWTH OF 6% TO Ps.1,622 MILLION IN 3Q07
GRUPO ELEKTRA ANNOUNCES EBITDA GROWTH OF 6% TO Ps.1,622 MILLION IN 3Q07 Revenue Increases 13% to a Record of Ps.9,860 Million in the Quarter Gross Profit Rises 12% to Ps.4,880 Million in 3Q07 Banco Azteca
More informationSecond Quarter 2009 Highlights:
Latin America s Beverage Leader FEMSA Delivers Robust Revenues and Operating Income Growth in 2Q09 Monterrey, Mexico, July 28, 2009 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) announced today
More informationGRUPO POCHTECA REPORTS ITS RESULTS FOR THE SECOND QUARTER OF Q17 Highlights
GRUPO POCHTECA REPORTS ITS RESULTS FOR THE SECOND QUARTER OF 2017 Mexico City, July 25, 2017 Grupo Pochteca, S.A.B. de C.V. ( Pochteca or the Company ) (BMV: POCHTEC) announced today its unaudited results
More informationFourth Quarter 2012 (4Q12)
Monterrey, México. February 12, 2013 Alpek, S.A.B. de C.V. (BMV: ALPEK) Alpek reports 4% volume growth despite soft export markets Selected Financial Information (U.S. $ Millions) Contents Pg. Total Volume
More information22/02/ :48. skiron\roadshow\presentación Roadshow Script 2.ppt
22/02/2013 09:48 skiron\roadshow\presentación Roadshow Script 2.ppt 1 Forward Looking Statements This presentation contains, or may be deemed to contain, forward-looking statements. By their nature, forward-looking
More informationFEMSA Announces Third Quarter 2015 Results
FEMSA Announces Third Quarter 2015 Results Monterrey, Mexico, October 28, 2015 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) announced today its operational and financial results for the third quarter
More informationGCC REPORTS FOURTH QUARTER 2013 RESULTS
For more information: investors@gcc.com GCC REPORTS FOURTH QUARTER 2013 RESULTS Chihuahua, Chih., Mexico, April 30, 2014 Grupo Cementos de Chihuahua, S.A.B. de C.V. ( GCC or the Company ) (BMV: GCC*),
More informationFEMSA Grows Operating Income High Single Digit in 2Q13
FEMSA Grows Operating Income High Single Digit in 2Q13 Monterrey, Mexico, July 25, 2013 Fomento Económico Mexicano, S.A.B. de C.V. ( FEMSA ) announced today its operational and financial results for the
More informationGRUPO SENDA AUTOTRANSPORTE, S.A. DE C.V. ANNOUNCES FOURTH QUARTER AND TWELVE MONTH RESULTS AS OF DECEMBER 31, 2008
GRUPO SENDA AUTOTRANSPORTE, S.A. DE C.V. ANNOUNCES FOURTH QUARTER AND TWELVE MONTH RESULTS AS OF DECEMBER 31, 2008 Monterrey, Nuevo Leon, Mexico February 26, 2009 Grupo Senda Autotransporte, S.A. de C.V.
More informationBusiness Highlights. Media Contact: Jaime Toussaint (52) Carolina Alvear (52)
FEMSA reports solid operating results for the third quarter and first nine months of 2004 Monterrey, Mexico, October 27, 2004 Fomento Económico Mexicano, S.A. de C.V. ( FEMSA ) (NYSE: FMX; BMV: FEMSA UBD,
More informationGRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Fourth quarter 2014 earnings results
GRUPO CEMENTOS DE CHIHUAHUA, S.A.B. DE C.V. (BMV: GCC *) Fourth quarter 2014 earnings results GCC REPORTS FOURTH QUARTER 2014 RESULTS Chihuahua, Chihuahua., Mexico, April 30, 2015 Grupo Cementos de Chihuahua,
More informationConsolidated EBITDA grew 22% year-over-year, reaching Ps. 5,843 million in 2015.
Highlights: Consolidated EBITDA grew 22% year-over-year, reaching Ps. 5,843 million in 2015. During 4Q15, the mass market reported historical growth: 7% for the video segment, 8% for Internet segment,
More informationFirst Quarter Earnings Release. Megacable Holdings, S.A.B. de C.V.
First Quarter 2012 Earnings Release Megacable Holdings, S.A.B. de C.V. May 2, 2012 Guadalajara, Jalisco, Mexico, May 2, 2012 - Megacable Holdings S.A.B. de C.V. ( Megacable or the Company ) (BMV: MEGA.CPO)
More informationEARNINGS PRESENTATION Q3 15. November 2015
EARNINGS PRESENTATION November 2015 1 2 CONSOLIDATED RESULTS RESULTs BY SEGMENT 3 FINANCIAL ratios 1 CONSOLIDATED RESULTS consolidated financial highlights Million Soles (S/. mm) Highlights Revenues 11.8%
More information2017-4Q17 E A R N I N G S R E L E A S E
E A R N I N G S R E L E A S E 2017-4Q17 January 01, 2017 December 31, 2017 SONDA S.A. and subsidiaries announce their consolidated financial results for the period from January 01 to December 31, 2017.
More information