Nemak, S. A. B. de C. V. Reports Earnings Results for the Full Year Ended December 31, 2022
February 14, 2023 at 03:12 pm EST
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Nemak, S. A. B. de C. V. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was MXN 93,925.66 million compared to MXN 77,078.43 million a year ago. Net income was MXN 1,018.38 million compared to MXN 85.44 million a year ago.
Basic earnings per share from continuing operations was MXN 0.33. Diluted earnings per share from continuing operations was MXN 0.33.
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. 
