Sare Holding, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended 2017; Provides Earnings Guidance for the Year 2017
For the nine months, the company reported revenue of MXN 267,039,000 compared with MXN 336,887,000 a year ago. Operating loss was MXN 1,623,000 compared with operating income of MXN 11,093,000 a year ago. Loss before tax was MXN 107,730,000 compared with MXN 24,563,000 a year ago. Consolidated net loss was MXN 77,673,000 compared with MXN 17,710,000 a year ago. Net cash flow used in operating activities was MXN 32,720,000 compared with net cash flow from operating activities of MXN 172,818,000 a year ago. LBITDA was MXN 6,601,000 compared with EBITDA of MXN 8,575,000 a year ago.
For the year 2017, the company announced that due to the seasonal effect from the reposition of inventory recorded during third quarter 2017 revenue guidance is revised and full-year 2017 Guidance states as follows: Revenue growth in the range of 15% to 25% year on year. Positive and stable EBITDA generation and a solid financial position, maintaining a healthy leverage.