Grupo Rotoplas Reports Second Quarter 2017 Results
Quarterly Results
- Net sales increased 29.6% when compared to 2Q16, organically, a growth of 22.1% was recorded.
- A significant growth of 31.4% in EBITDA generation was recorded during the quarter.
Year to Date Results
- Net sales increased 35.3% when compared to 2Q16 while EBITDA recorded a growth of 45.3%. Excluding acquisitions, increases of 24.9% and 19.6%, respectively, were recorded.
- Net profit recorded an important 22.9% growth.
- Sales to the government channel in the different regions accounted for less than 7.0% of the total consolidated sales, in line with the Company's policy.
MEXICO CITY, July 19, 2017 /PRNewswire/ -- Grupo Rotoplas S.A.B. de C.V. (BMV: AGUA) ("Rotoplas", the "Company" or the "Group"), the leading provider of individual and integrated water solutions in the Americas, reported unaudited financial results for the second quarter 2017. The information within has been prepared based on International Financial Reporting Standards (IFRS).
"During the second quarter of the year we continued with a strong trend of sales growth, the reconfiguration of our solution's portfolio allowed us to achieve an organic growth of more than 20% when compared to last year and a double digit growth on a sequential basis, proving the effectiveness of the change in emphasis in our strategy. The aforementioned, coupled with the successful integration of the acquisitions we made last year has resulted in the highest sales and EBITDA levels for a quarter in the Company's history" commented Carlos Rojas Mota Velasco, CEO of Grupo Rotoplas. "Additionally, during the quarter we successfully placed the first Sustainability Bond in Latin America, thereby strengthening our long-term financial structure, and which proceeds will be used to grow the water purification and water treatment and recycling segments, among others."
Financial Highlights
Figures in millions of MXN
| 2Q17 |
2Q16 |
Var. |
6M17 |
6M16 |
Var. |
||
| Net Sales |
1,786 |
1,378 |
29.6% |
3,455 |
2,554 |
35.3% |
|
| Individual Solutions |
1,501 |
1,281 |
17.2% |
3,013 |
2,415 |
24.8% |
|
| Integrated Solutions |
285 |
97 |
2.9 x |
442 |
140 |
2.2 x |
|
| Mexico |
1,165 |
854 |
36.4% |
2,214 |
1,605 |
38.0% |
|
| Brazil |
133 |
117 |
13.9% |
262 |
222 |
18.2% |
|
| Others |
488 |
407 |
19.9% |
979 |
728 |
34.5% |
|
| EBITDA Margin |
15.7% |
15.5% |
20 pb |
15.3% |
14.3% |
100 pb |
|
| Individual Solutions |
17.2% |
12.8% |
440 pb |
16.9% |
12.9% |
400 pb |
|
| Integrated Solutions |
7.4% |
50.1% |
(4270) pb |
4.6% |
38.8% |
(3420) pb |
|
| Mexico |
22.2% |
22.0% |
20 pb |
22.5% |
20.8% |
170 pb |
|
| Brazil |
(10.5%) |
(19.4%) |
890 pb |
(18.0%) |
(20.1%) |
210 pb |
|
| Others |
7.3% |
11.7% |
(440) pb |
8.1% |
10.4% |
(230) pb |
Conference Call
Grupo Rotoplas is pleased to invite you to participate in its Second Quarter 2017 Conference Call, to be held on Thursday, July 20th, 2017 at 10:30 a.m. Mexico City time (11:30 a.m. EST).
Carlos Rojas Mota Velasco, CEO, and Mario Romero, CFO, will host the call. Remarks will be followed by a question and answer session.
To participate in the conference, call please dial:
Mexico: 001 800 522 5905
United States: 1 888 430 8694
Other Countries: 1 719 325 2370
Conference ID: 2190760 or via the Company's website: www.rotoplas.com/inversionistas.html
Investor Relations
Phone: +52 (55) 52015000 Ext: 50163
Email: [email protected]
Forward Looking Statements
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V., it relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the forward-looking statements could vary due to facts, circumstances and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is America's leading provider of individual and integrated water solutions for storing, carrying, and treating water. With almost than 40 years' experience in the industry and 21 plants throughout the Americas, Rotoplas has a presence in 14 countries and a portfolio that includes 18 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
Investor Relations | Grupo Rotoplas | (55) 52015000 ext. 50163 | [email protected]
Calle Pedregal No. 24 piso 19. Col. Molino del Rey. Del. Miguel Hidalgo. C.P 11040. México D.F. | www.rotoplas.com/investors.html
SOURCE Grupo Rotoplas S.A.B. de C.V.
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