Nemak, S.A.B. de C.V. Announces Unaudited Financial Results for the Third Quarter and Nine Months Ended September 30, 2015
October 21, 2015 at 12:15 am EDT
Share
Nemak, S.A.B. de C.V. announced unaudited financial results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported total revenues of MXN 17,973 million against MXN 14,967 million a year ago. Income from operations was MXN 1,994 million against MXN 1,187 million a year ago. Net income was MXN 1,332 million against MXN 804 million a year ago. EBITDA was MXN 3,178 million against MXN 2,123 million a year ago. This result was mainly driven by an improved mix of higher value added products as well as cost and efficiency gains. Capital expenditure was MXN 1,887 million against MXN 1,531 million a year ago. Investments were made to expand capacity, update existing production equipment, and improve operational efficiency. Net debt was USD 1,199 million. Earnings per share were 0.43.
For the nine months, the company reported total revenues of MXN 53,359 million against MXN 46,538 million a year ago. Income from operations was MXN 5,938 million against MXN 4,365 million a year ago. Net income was MXN 3,592 million against MXN 2,588 million a year ago. EBITDA was MXN 9,250 million against MXN 7,119 million a year ago. This result was mainly driven by an improved mix of higher value added products as well as cost and efficiency gains. Capital expenditure was MXN 5,130 million against MXN 3,529 million a year ago. Earnings per share were MXN 1.16.
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. 
