Nemak, S. A. B. De C. V. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016
February 13, 2017
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Nemak, S. A. B. de C. V. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company's total revenues were $996 million compared to $1,048 million a year ago. Operating income was $90 million compared to $88 million a year ago. Net income was $60 million compared to $61 million a year ago. EBITDA was $186 million compared to $165 million a year ago. Capex was $164 million compared to $130 million a year ago. Net debt was $1,262 million compared to $1,210 million a year ago.
For the year, the company's total revenues were $4,257 million compared to $4,482 million a year ago. Operating income was $469 million compared to $469 million a year ago. Net income was $292 million compared to $291 million a year ago. EBITDA was $798 million compared to $759 million a year ago. Capex was $541 million compared to $460 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.