Grupo Comercial Chedraui, S.A.B. De C.V. Reports Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2017; Provides CapEx Guidance for the Year 2018
For the full year, the company reported sales of MXN 94,582,515,000 compared to MXN 88,528,580,000 a year ago. Operating income was MXN 4,418,276,000 compared to MXN 4,254,381,000 a year ago. EBITDA was MXN 6,039,093,000 compared to MXN 5,746,983,000 a year ago. Income before taxes was MXN 3,237,545,000 compared to MXN 3,072,790,000 a year ago. Net income was MXN 2,117,355,000 compared to MXN 2,009,667,000 a year ago. Cash flows from operating activities were MXN 4,792,189,000 compared to MXN 3,204,624,000 a year ago. Purchase of property and equipment was MXN 2,994,798,000 compared to MXN 3,280,565,000 a year ago. Purchase of intangible assets was MXN 183,292,000 compared to MXN 146,955,000 a year ago. CapEx invested in 2017 was MXN 3,178 million.
For the year 2018, the company expects total CapEx to be MXN 3,950 million.