ALFA, S.A.B. de C.V. Reports Unaudited Consolidated Financial Results for the Second Quarter and First Half of 2017
July 25, 2017
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ALFA, S.A.B. de C.V. reported unaudited consolidated financial results for the second quarter and first half of 2017. For the period, total revenues were USD 4,232 million, up 5% year-on-year due to higher sales achieved at all major business units. EBITDA was USD 522 million, down 19% vis-à-vis second quarter of 16, mainly explained by lower margins and inventory devaluation at Alpek, along with lower volumes and adverse metal lag impact in Nemak. Consolidated capital expenditures and acquisitions amounted to USD 227 million. Net Debt at the quarter end of USD 6,401 million was 6% higher when compared to the USD 6,032 million in same period of 2016. Majority net income was USD 76 million against USD 46 million a year ago.
For the year to date, the company reported revenues of USD 8,230 million against USD 7,860 million a year ago. EBITDA was USD 1,050 million against USD 1,222 million a year ago. Majority net income was USD 230 million against USD 188 million a year ago. Capital expenditures & acq. were USD 525 million against USD 665 million a year ago. Net debt was USD 6,401 million against USD 6,032 million a year ago.
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.
ALFA S.A.B. DE C.V. 
