Elementia, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Second Quarter and First Half Ended June 30, 2018; Provides Earnings Guidance for the Full Year 2018
For the six months, the company reported net sales of MXN 14,199 million against MXN 13,062 million a year ago. Operating income was MXN 1,089 million against MXN 1,301 million a year ago. Income before income taxes was MXN 257 million compared to MXN 923 million a year ago. Net loss consolidated was MXN 134 million compared to net income consolidated of MXN 308 million a year ago. EBITDA was MXN 1,984 million compared to MXN 2,140 million a year ago. Net cash flow provided by operating activities was MXN 1,676 million compared to net cash flow used in operating activities of MXN 25 million a year ago. Acquisition of property, machinery and equipment MXN 987 million compared to MXN 1,281 million a year ago. Organic CAPEX was MXN 859 million compared to MXN 715 million a year ago. Net debt was MXN 14,951 million as at June 2018.
For the full year, the company expects a very similar EBITDA to the ones achieved in 2017. The company expecting high single-digit EBITDA growth for 2018 that will not fully compensate the decline of Latin American region. The company anticipates these MXN 20 million CapEx project might become the first of a broader business model in the region. The company expects full year 2018 EBITDA below 2017.