Nemak, S. A. B. de C. V. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
April 17, 2018
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Nemak, S. A. B. de C. V. announced unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the first quarter, the company's revenues were USD 1,235 million against USD 1,123 million a year ago. EBITDA was USD 197 million against USD 190 million a year ago. CAPEX was USD 106 million against USD 143 million a year ago. Operating income was USD 108 million against USD 113 million a year ago. Net income was USD 69 million against USD 67 million a year ago. Net debt was USD 1,377 million as of March 31, 2018 against USD 1,349 million as of March 31, 2017.
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. 
