Elementia, S.A.B. de C.V. Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2018
Elementia, S.A.B. de C.V. reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported net sales of MXN 6,905 million compared to MXN 6,547 million a year ago, mainly due to revenue increases of 14%, 15% in the Cement and Metal Products Divisions, respectively, and a decrease of 13% in the Building Systems Division, derived from higher sales volume in Mexico Cement as a result of the plan to bring the new Tula line to optimum use. Operating income was MXN 488 million compared to MXN 516 million a year ago. Income before income taxes was MXN 122 million compared to MXN 310 million a year ago. Net loss consolidated was MXN 129 million compared to income of MXN 1 million a year ago. Net cash flow provided by operating activities was MXN 271 million compared to net cash used in operating activities of MXN 127 million a year ago. Acquisition of property, machinery and equipment was MXN 442 million compared to MXN 658 million a year ago. EBITDA was MXN 923 million compared to MXN 952 million a year ago. Free cash flow was MXN 808 million compared to MXN 203 million a year ago. Cash flow generation before CAPEX as of March 31, 2018 was MXN 1.25 billion, representing 135% of EBITDA. Net debt was MXN 13,934 million as on March 31, 2018.