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Grupo TMM, S.A.B. (TMMA.MX)

Mexico - Mexico Delayed Price. Currency in MXN
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2.9100-0.0600 (-2.02%)
At close: 2:24PM CDT
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Neutralpattern detected
Previous Close2.9700
Open2.9500
Bid2.8800 x 200000
Ask2.9100 x 1750000
Day's Range2.8700 - 2.9500
52 Week Range2.8700 - 5.1000
Volume15,053
Avg. Volume14,751
Market Cap297.353M
Beta (5Y Monthly)0.13
PE Ratio (TTM)N/A
EPS (TTM)-24.4680
Earnings DateOct 26, 2021 - Nov 01, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • GlobeNewswire

    Grupo TMM Reports 2021 Second Quarter Financial Results

    (In Millions of Mexican Pesos) 2021 Second Quarter Results Include: Stockholders’ Equity of $2,121.2 million.Financial Debt of 9.5 percent from Stockholders’ Equity.Accumulated Financial expenses decreased 37.9 percent.Consolidated revenues increased 8.8 percent.Reactivation of cruises in Mexico began in June 2021. MEXICO CITY, July 28, 2021 (GLOBE NEWSWIRE) -- Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican Maritime-management transportation and logistics Compan

  • GlobeNewswire

    Grupo TMM Reports 2021 First Quarter Financial Results

    (In Millions of Mexican Pesos) 2021 First Quarter Results Include: Stockholders’ Equity of $2,164.8 million.Financial Debt of 9.6 percent from Stockholders’ Equity.Financial expenses decreased 37.7 percent. MEXICO CITY, May 27, 2021 (GLOBE NEWSWIRE) -- Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), a Mexican Maritime-management transportation and logistics Company, reported today its financial results for the first quarter of 2021. José F. Serrano, Chairman of Grupo TMM, said, “Thanks to our proven experience, the determination of our General Management to reinvent the Company, and the work of our collaborators, Grupo TMM remains the best option for maritime transport, logistics, warehousing and distribution, offering clients quality integrated services. “The Company believes that the gradual post-pandemic economic recovery and opening of the markets will continue and allow us to achieve significant growth in our operations, develop profitable projects through strategic alliances, and capitalize on opportunities in the industry that leverage the strengths of the Company.” FIRST-QUARTER 2021 OPERATING AND FINANCIAL RESULTSConsolidated revenue for the first quarter of 2021 was $268.2 million, compared to $358.9 million in the same period of 2020. The Company continues with its diversification and customer service strategy, which has allowed it to reduce the impact of COVID-19 for more than a year, and economic and energy industry recoveries have been modest. Consolidated operating results first quarter reported a loss of $99.9 million, of which $49.2 million was non-recurrent operations, representing 49.3 percent, basically due to a parcel tanker vessel sale. Maritime revenue in the first quarter of 2021 was $175.9 million, mainly due to bad weather at the port of Houston, Texas lowering the volume transported by Parcel Tankers; and partially offset by an increase in the number of projects in the Shipyard segment due to the gradual industry recovery. Maritime operating income in the first quarter of 2021 was $2.8 million. Maritime EBITDA in the first quarter of 2021 was $7.6 million; EBITDA margin was 4.3 percent. Ports and Terminals revenue in the first quarter of 2021 was $63.2 million, mainly due to the prolonged restriction on mobility and the closure of borders because of the COVID-19 pandemic, which caused the total stoppage of cruise ships since March of 2020, as well as the interruption of gravel maneuvers in Tuxpan. Ports and Terminals operating results in the first quarter of 2021 reported a loss of $6.8 million. Ports and Terminals EBITDA in the first quarter was $2.9 million; EBITDA margin was 4.5 percent. Warehousing Services revenue in first quarter 2021 were $29.1 million. DEBTAs of March 31, 2021, Grupo TMM’s net debt was $91.6 million, and our cash position was $115.5 million. Total Debt*– Millions of Mexican Pesos – As of 03/31/21As of 12/31/20Short-Term Debt$134.4$129.1Long-Term Debt 72.7 53.6Total Debt $207.1$182.7Cash 115.5 143.0Net Debt$91.6$39.7 Short-Term Leases$57.7$58.2Long-Term Leases 284.9 297.3Leases IFRS 16$342.6$355.5 Stockholders’ Equity$2,164.8$2,247.4Book value per share 21.2$22.0 *Book Value Headquartered in Mexico City, Grupo TMM is a Mexican Maritime-management transportation and logistics Company. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of Maritime services port management and logistics. For more information on Grupo TMM, please visit the company’s web site at www.grupotmm.com. The site offers Spanish/English language options. Included in this press release are certain forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such forward-looking statements speak only as of the date they are made and are based on the beliefs of the Company's management as well as on assumptions made. Actual results could differ materially from those included in such forward-looking statements. Readers are cautioned that all forward-looking statements involve risks and uncertainty. The following factors could cause actual results to differ materially from such forward-looking statements: global, US and Mexican economic and social conditions; the effect of the North American Free Trade Agreement on the level of US-Mexico trade; the condition of the world shipping market; the success of the Company's investment in new businesses; risks associated with the Company's reorganization and restructuring; the ability of the Company to reduce corporate overhead costs; the ability of management to manage growth and successfully compete in new businesses; and the ability of the Company to restructure or refinance its indebtedness. These risk factors and additional information are included in the Company's reports on Form 6-K and 20-F on file with the United States Securities and Exchange Commission. Financial tables follow Grupo TMM, S.A.B. and SubsidiariesBalance Sheet* - Millions of Pesos - March 31, December 31, 2021 2020 Current assets: Cash and cash equivalents Cash in cash and banks 28.8 50.1 Cash and temporary investments44.6 53.1 Restricted cash42.1 39.7 Total cash and cash equivalents 115.5 143.0 Accounts receivable Accounts receivable – Net 241.9 228.6 Other accounts receivable 100.2 60.8 Taxes to be recovered 235.0 203.5 Prepaid expenses and others current assets 81.9 86.3 Total current assets 774.4 722.2 Taxes to be recovered long term 238.0 238.0 Property, machinery and equipment 2,711.3 2,894.8 Cumulative Depreciation (310.0) (366.1)Property, machinery and equipment – Net 2,401.3 2,528.7 Rights of use 333.9 354.2 Other assets 212.5 187.5 Total assets 3,960.2 4,030.5 Current liabilities: Bank loans and current maturities of long-term liabilities 134.4 129.1 Leases short-term 57.7 58.2 Suppliers 278.9 229.0 Other accounts payable and accrued expenses 506.5 526.6 Total current liabilities 977.6 942.9 Long-term liabilities: Bank loans 72.7 53.6 Leases long-term 284.9 297.3 Deferred taxes 287.4 312.3 Other long-term liabilities 172.9 177.0 Total long-term liabilities 817.9 840.3 Total liabilities 1,795.5 1,783.1 Total stockholders´ equity2,164.8 2,247.4 Total liabilities and stockholders´ equity3,960.2 4,030.5 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Grupo TMM, S.A.B. and Subsidiaries*Statement of Income - Millions of Pesos - Three months ended March 31, 20212020 Maritime 175.9 205.6 Ports and Terminals 63.2 112.6 Warehousing Services 29.1 40.6 Revenue from freight and services 268.2 358.9 Maritime (168.3) (186.4)Ports and Terminals (60.3) (83.7)Warehousing Services (21.7) (30.8)Cost of freight and services (250.4) (301.0) Maritime (4.7) (12.3)Ports and Terminals (9.7) (10.4)Warehousing Services (12.6) (10.3)Depreciation and amortization (27.0) (33.1)Maritime 2.8 6.8 Ports and Terminals (6.8) 18.4 Warehousing Services (5.2) (0.5)Results by business (9.2) 24.7 Corporate expenses (40.4) (42.2)Corporate depreciation and amortization (1.1) (10.2)Non-recurring (expenses) income (49.2) 43.4 Operating (loss) gain (99.9) 15.7 Financial (expenses) income - Net (4.9) (9.2)Leases financial expenses (10.1) (14.9)Exchange gain (loss) - Net 8.2 (42.5)Net financial cost (6.8) (66.6)(loss) gain before taxes (106.7) (51.0)Provision for taxes 24.0 (64.0)Net (loss) gain for the period (82.6) 13.0 Attributable to: Minority interest (3.7) (0.7)Equity holders of GTMM, S.A.B. (78.9) 13.7 Weighted average outstanding shares (millions) 102.183 102.183 Income (loss) earnings per share (pesos/share) (0.8) 0.1 Outstanding shares at end of period (millions) 102.183 102.183 Income (loss) earnings per share (pesos/share) (0.8) 0.1 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. Grupo TMM, S.A.B. and subsidiaries*Statement of Cash Flow- Millions of Pesos - Three months ended March 31, 20212020 Cash flow from operation activities: Net (loss) gain for the period (82.6)13.0 Charges (credits) to income not affecting resources: Depreciation & amortization 28.1 43.4 Deferred taxes (25.0)(76.3)Other non-cash items 59.0 30.9 Total non-cash items 62.1 (2.0)Changes in assets & liabilities (84.2)(54.0)Total adjustments (22.1)(56.0)Net cash used in operating activities (104.7)(43.0) Cash flow from investing activities: Proceeds from sales of assets 83.7 4.1 Payments for purchases of assets (3.1)(6.2)Net cash provided by (used in) investment activities 80.6 (2.1) Cash flow provided by financing activities: Short-term borrowings (net) (7.1)(28.1)Repayment of leases (26.2)(33.6)Proceeds from (repayment of) long-term debt 24.7 (15.4)Net cash used in financing activities (8.6)(77.1)Exchange effect on cash 5.2 76.4 Net decrease in cash (27.5)(45.8)Cash at beginning of period 143.0 512.8 Cash at end of period 115.5 467.0 *Prepared in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board. TMM COMPANY CONTACT: Luis Rodolfo Capitanachi Dagdug, CFO011-52-55-5629-8866Luis.Capitanachi@tmm.com.mx AT DRESNER CORPORATE SERVICES:Nathan Abler (investors, analysts, media)714-742-4180nabler@dresnerco.com Mauricio Monterrubio, Investor Relations 011-52-55-5629-8866mauricio.monterrubio@tmm.com.mx

  • GlobeNewswire

    Grupo TMM Announces That Its 2020 Annual Report and First Quarter of 2021 Results Will Be Published in May

    MEXICO CITY, April 29, 2021 (GLOBE NEWSWIRE) -- Grupo TMM, S.A.B. (OTC: GTMAY and BMV: TMM A; “TMM” or the “Company”), announced today that its 2020 Annual Report and financial and operating results for the First Quarter of 2021 will be published to the National Banking and Securities Commission in Mexico, and Mexican Stock Exchange and the US Securities and Exchange Commission in May 2021. Due to the effects of the COVID-19 pandemic that was declared in March 2020, the Mexican government imposed several security measures, including the suspension of all non-essential activities. As a consequence of this declaration, we have limited access to our facilities, a portion of our employees have been allowed to work remotely, and we implemented new controls for emergency procedures and to mitigate potential cybersecurity risks. However, these actions limited our time to prepare our reports. The Company intends to publish its 2020 Annual Report on May 14 and its financial and operating results for the First Quarter of 2021 on May 27; according to article 45 of the Single Circular of Issuers of the Mexican Stock Exchange. About Grupo TMMHeadquartered in Mexico City, Grupo TMM is a Mexican Maritime-management transportation and logistics Company. Through its branch offices and network of subsidiary companies, Grupo TMM provides a dynamic combination of Maritime services port management and logistics. For more information on Grupo TMM, please visit the company’s website at www.grupotmm.com. The site offers Spanish/English language options. TMM COMPANY CONTACT: AT DRESNER CORPORATE SERVICES:Luis Rodolfo Capitanachi Dagdug, CFO David Gutierrez (investors, analysts, media)011-52-55-5629-8866 312-780-7204Luis.Capitanachi@tmm.com.mx dgutierrez@dresnerco.com Mauricio Monterrubio, Investor Relations 011-52-55-5629-8866 mauricio.monterrubio@tmm.com.mx