Alfa, S. A. B. de C. V. Reports Earnings Results for the Quarter and Year 2017; provides earnings guidance for the fiscal year 2018
February 13, 2018 at 01:00 pm EST
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Alfa, S. A. B. de C. V. reported earnings results for the quarter and year 2017. For the quarter, Consolidated sales were up 11% to $4.3 billion. EBITDA was up 5% year-on-year. CapEx for the quarter was $250 million.
For the full year EBITDA was down 13% from 2016. CapEx was $1.1 billion for the full year.
For the fiscal year 2018, company expects revenues of $17.4 billion, 4% higher than 2017. EBITDA is estimated at $2.17 billion, up 8% versus 2017 EBITDA of $2 billion. The capital expenditure budget is $958 million.
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. 
