Vitro, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and year ended December 12, 2016
February 21, 2017
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Vitro, S.A.B. de C.V. announced unaudited consolidated earnings results for the fourth quarter and year ended December 12, 2016. For the quarter, the company's consolidated net sales were MXN 7,445 million against MXN 3,841 million a year ago. Operating income was MXN 1,274 million against MXN 613 million a year ago. Income before tax was MXN 905 million against MXN 830 million a year ago. Net income from continuing was MXN 1,051 million against MXN 203 million a year ago. Net income attributable to controlling interest was MXN 1,052 million against MXN 382 million a year ago. EBITDA was MXN 1,780 million against MXN 821 million a year ago. Cash flow from operations before capex was MXN 2,299 million against MXN 1,440 million a year ago. Cash flow from operations after capex was MXN 1,042 million against MXN 1,108 million a year ago. Capex was MXN 1,257 million against MXN 332 million a year ago. EBIT was MXN 1,274 million against MXN 613 million a year ago.
For the year, the company's consolidated net sales were MXN 19,840 million against MXN 14,127 million a year ago. Operating income was MXN 3,779 million against MXN 2,264 million a year ago. Income before tax was MXN 4,063 million against loss of MXN 341 million a year ago. Net income from continuing was MXN 3,566 million against loss of MXN 611 million a year ago. Net income attributable to controlling interest was MXN 3,618 million against MXN 23,601 million a year ago. EBITDA was MXN 4,890 million against MXN 3,090 million a year ago. Cash flow from operations before capex was MXN 5,054 million against MXN 2,834 million a year ago. Cash flow from operations after capex was MXN 2,615 million against MXN 1,928 million a year ago. Capex was MXN 2,439 million against MXN 906 million a year ago. EBIT was MXN 3,779 million against MXN 2,264 million a year ago.
Vitro, S.A.B. de C.V. is a glass producer in Mexico. The Company, through its subsidiary companies, produces, processes, distributes and markets a range of glass products. It operates through two segments: Glass containers, which includes glass containers, precision components, as well as machinery and molds for the glass industry, and Flat glass, which includes flat glass for the construction and automotive industries, and carbonate and sodium bicarbonate. The Company's products include glass containers, float glass, automotive OEM glass, automotive replacement glass, machinery & equipment, and chemicals. It is also a supplier of raw materials, mold manufacturing, equipment and machinery, and equipment for industrial and chemicals. Through its Containers and Float Glass business units, it serves the cosmetics, perfume pharmaceutical, construction and automotive industries, as well as the chemical, machinery and equipment, and molds industries.