Nemak, S. A. B. de C. V. Provides Earnings Guidance for the Full Year 2017
February 15, 2017 at 11:30 am EST
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Nemak, S. A. B. de C. V. provided earnings guidance for the full year 2017. For 2017, the company expects volume of 51.6 million equivalent units, revenues of $4.4 billion, EBITDA of $802 million and CapEx of $430 million. Excluding the positive EBITDA effect, from nonrecurring events in 2016, this outlook represents a growth of approximately 3% in EBITDA against the last year.
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. 
