Nemak, S. A. B. de C. V. Reports Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2018
October 14, 2018
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Nemak, S. A. B. de C. V. reported unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenue of USD 1,152 million against USD 1,099 million a year ago. Operating income was USD 69 million against USD 66 million a year ago. Net income was USD 49 million against USD 11 million a year ago. EBITDA was USD 160 million against USD 153 million a year ago. Capex was USD 72 million against USD 93 million a year ago. Income from operations was USD 69 million against USD 66 million a year ago.
For the nine months, the company reported total revenue of USD 3,626 million against USD 3,387 million a year ago. Operating income was USD 312 million against USD 303 million a year ago. Net income was USD 142 million against USD 156 million a year ago. EBITDA was USD 563 million against USD 550 million a year ago. Capex was USD 271 million against USD 324 million a year ago. Income from operations was USD 312 million against USD 303 million a year ago. As of September 30, 2018, the company reported net debt in the amount of USD 1.3 billion.
The company reported operating results for the third quarter of 2018. For the quarter, the company reported volumes of 12.3 million equivalent units against 11.7 million equivalent units a year ago.
For the nine months, the company reported volumes of 38.5 million equivalent units against 37.9 million equivalent units 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.
NEMAK, S. A. B. DE C. V. 
