Grupo Famsa de CV : achieves a 12.2% growth in net sales and a 15.5% increase in EBITDA during 1Q18

GRUPO FAMSA ACHIEVES A 12.2% GROWTH IN NET SALES

AND A 15.5% INCREASE IN EBITDA DURING 1Q18

Monterrey, N.L., Mexico, April 30th, 2018. - 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 for the first quarter 2018, highlighting the operating performance of Famsa Mexico which supported the Company's consolidated results, by reaching a strong growth in Net Sales and EBITDA, of 12.2% (Ps.4,466 million) and 15.5% (Ps.481 million), respectively.

During 1Q18, Famsa Mexico posted an outstanding performance in terms of Net Sales, increasing by 16.8% YoY reaching Ps.4,043 million. The overall dynamism in credit sales for our fundamental categories of durable goods, as well as the granting of payroll credits, contributed significantly to this result.

Similarly, Banco Famsa continues to boost bank deposits, which rose 21.3% YoY in the first quarter 2018, accounting for over 75% of the Company's funding. On the other hand, the NPL ratio remained stable at 8.4% as of March 31, 2018, derived from the origination of high-quality consumer loans, approaching a 64.3% participation of clients belonging to the formal economy at quarter-end.

Separately, Famsa USA's Net Sales in 1Q18 fell by 7.5% YoY in USD, impacted by the latent migratory pressures for the Hispanic population in the United States. Grupo Famsa anticipates that the strategies implemented during 2017, alongside with the initiatives proposed for 2018, will contribute to reach a better performance for this business unit towards 2H18.

At the light of these developments, Mr. Humberto Garza Valdez, CEO of Grupo Famsa, commented: "In this quarter, our commercial front exhibited a remarkable improvement, largely driven by the timely implementation of our strategic initiatives, the efficiency of our canvass channel and the simplified origination of consumer credits, which we anticipate, as a whole, will lead us to a greater dynamism in sales and a stronger financial position in the upcoming periods. Therefore, we are confident to meet our 2018 Guidance".

About Grupo Famsa

Established in 1970 in Monterrey, Nuevo León, Grupo Famsa has consolidated its position as a publicly-traded company with a solid presence in the retail sector, focusing its efforts on satisfying families' diverse consumption, financing and savings needs. Its target market is in the Mexican low-middle income households and the Hispanic population of the states where it operates in the USA. Retail sales of Grupo Famsa in Mexico comprise furniture, electronics, appliances, mobile phones, computers, motorcycles, clothing and other durable goods, which are mainly sold within the stores network of Grupo Famsa. In Texas and Illinois, in the USA, Grupo Famsa's offering comprises furniture, electronics, appliances, computers and other durable goods through the operation of its subsidiary Famsa, Inc.

Contact:

Investor Relations Paloma E. Arellano [e-mail] Phone: [phone] ext. 1419