Nemak, S. A. B. De C. V. Announces Consolidated Earnings Results for the Fourth Quarter and Full Year 2018
February 12, 2019
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Nemak, S. A. B. de C. V. announced consolidated earnings results for the fourth quarter and full year 2018. For the year, the company reported total revenue of USD 1,078 million against USD 1,094 million a year ago. Operating income was USD 94 million against USD 66 million a year ago. Net income was USD 38 million against USD 36 million a year ago.
For the year, the company reported total revenue of USD 4,704 million against USD 4,481 million a year ago. Operating income was USD 406 million against USD 370 million a year ago. Net income was USD 180 million against USD 192 million a year ago.
Nemak SAB De CV, formerly Tenedora Nemak SA de CV, is a Mexico-based holding company primarily engaged in the automotive industry. The Company specializes in the design, manufacture and distribution of aluminum components for powertrain and body structure applications. Its product portfolio comprises cylinder heads, engine blocks, shock towers, tank cover frames, B-pillars, transmission housings, frame rails, and cross members, among others. The Company operates manufacturing facilities in a range of countries, such as Canada, the United States, Mexico, Brazil, Spain, Germany, Poland, Russia, India and China. Furthermore, Its customers include Audi, BMW, KIA, Ford, Hyundai, Chrysler, Nissan, Volvo, Toyota, as well as Volkswagen, among others. The Company controls a number of subsidiaries, including Modellbau Schonheide GMBH, Camen International Trading Inc, Nemak Canada SA de CV and Nemak Czech Republic Sro, among others. Its parent is ALFA SAB de CV.
NEMAK, S. A. B. DE C. V. 
