MEXICO CITY--(BUSINESS WIRE)--
Elementia, S.A.B. de C.V. (BMV: ELEMENT*) (“the Company”, or “Elementia”) announced today its financial and operating results for the first quarter 2017 (“1Q17”). Figures in this report have been prepared in accordance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB). Figures are stated in nominal Mexican pesos ($) and all comparisons are made against the same period of the previous year (“1Q16”), unless otherwise specified.
FIRST QUARTER 2017 HIGHLIGHTS
- Elementia continued to report growth on a consolidated basis and by Division:
- Net sales increased 52% in 1Q17, reaching $6.54 billion. For comparison purposes, pro forma 1Q16 figures – including U.S. Cement – showed this line item growing 24% in 1Q17.
- EBITDA rose 22% in 1Q17, reaching $952 million. For comparison purposes, pro forma 1Q16 figures – including U.S. Cement – showed this line item growing by 28% in 1Q17.
- Operating income declined 6% in 1Q17, reaching $480 million. For comparison purposes, pro forma 1Q16 figures – including U.S. Cement – showed this line item growing by 67% in 1Q17.
- Cash flow generation before capital expenditure (CAPEX) as of March 31, 2017 increased 31%, reaching $861 million, representing 90% of EBITDA.
(millions of pesos)
Pro Forma Accumulated Consolidated
(millions of pesos)
Mar - 17
Mar - 16
Mar - 17
Mar – 16 Proforma
For a full version of this earnings release with financial statements, go to: www.elementia.com in the Investor Relations section.
CONFERENCE CALL INFORMATION
Elementia will hold a conference call to discuss its 1Q17 results on Thursday, April 27, 2017 at 12:00pm (Mexico) / 1:00pm (ET). To access the call, please dial: From within the US: 1-800-311-9402, International participants: 1-334-323-7224 (Passcode:35941) and via an audio-only webcast at https://www.webcaster4.com/Webcast/Page/1398/20556. Participants are requested to connect 15 minutes prior to the call. A replay of the webcast will be available at www.elementia.com.
No matter how early our day to day activities start or how late they end, Elementia's products are already working to make the lives of our customers more pleasant. Our state-of-the-art roto-molding technology, Eureka ®, has been preserving the most important resource we have, water. This vital liquid runs freely and with the highest levels of hygiene through our Nacobre ® pipe systems. In addition, more than 65 years of experience of our Nacobre ® brand, allows gas installations to be used in a safely manner, and making it possible for the best foods be cooked and set at our tables.
Aiming to be closer than you could imagine, in Elementia we have grown organically, and through strategic mergers and acquisitions, we have been able to build an integral platform with over 4 thousand products.
With Cementos Fortaleza ®, and now with the strategic acquisitions of Giant ®, Keystone ® and Dragon ® cement, we give structure to the foundations, columns, floors and ceilings of houses, commercial centers, offices, hospitals, etc., both in Mexico and in the U.S. Moreover, we offer our customers Fortaleza ® in streets, highways, bridges and tunnels throughout our cities.
With more than 6,600 employees, operating presence in 9 countries and a wide distribution network with more than 7,000 points of sale, we have managed to be closer than you can imagine. Today we have presence in most of the cities in America, offering you new, resistant and aesthetic light-construction systems, which make of our construction projects safer, and in many cases, works of art of the modern architecture. Innovative and versatile panels such as Allura ®, Plycem ®, Eternit ®, Duralit ® and Fibraforte ®, which has taken advantages of fibercement technology, achieve decorative façades, wooden simulation decks, traditional roof tiles and state-of-the-art ceilings.
Thanks to the numerous constructive solutions based on fibercement, Elementia has been the number 1 fibercement producer in Latin America and number 2 in the U.S.
At Elementia we are committed to being closer to our customers’ daily life, through innovative constructive solutions that redefine the concept of constructive evolution and allow us to contribute to a better, more harmonious, more sustainable and more friendly world. At Elementia we are building a better future. For more information go to www.elementia.com.
This press release includes declarations relating to, and is subject to, current expectations as factors, including, without limitation, global economic and market conditions, the costs of raw materials and energy, expenses, revenues and earnings of Elementia and its Divisions and that of the relevant markets where its companies operate. These expectations are based on certain preliminary information, internal estimates, expectations and assumptions of management. All of these things are subject to a series of risks and uncertainties in the projection of future conditions, regulations in the relevant market, products and fields of industry issued by the respective authorities, as well as events and results. Real results could differ significantly from the expectations expressed in prospective declarations. Elementia may choose to update these prospects, but specifically rejects any responsibility to do so, except as required by law.