MEXICO CITY, Oct. 19, 2016 /PRNewswire/ -- Grupo Rotoplas SAB de CV (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 third quarter 2016. The information within has been prepared based on International Financial Reporting Standards (IFRS).
"During the first nine months of the year we had a solid growth of individual solutions supported by our brand strength and the consumer´s recognition of the benefits of our products. This partially mitigate the economic and political challenges that affected the sales of solutions to the government social programs in Mexico and Brazil. On the other hand, this year we successfully closed important projects that strengthen our strategy in the water industry, such as the award of various contracts for installation and maintenance of water fountains, the acquisition of 80% of Sytesa in Mexico and the successful integration to the Rotoplas Way of Talsar in Argentina and AIC in Chile." commented Carlos Rojas Mota Velasco, CEO of Grupo Rotoplas.
Financial Highlights
Figures in millions of MXN
3Q16 |
3Q15 |
Var. |
9M16 |
9M15 |
Var. |
||
Net Sales |
1,355 |
1,561 |
(13.2%) |
3,909 |
4,304 |
(9.2%) |
|
Individual Solutions |
1,316 |
1,100 |
19.6% |
3,731 |
3,428 |
8.8% |
|
Integrated Solutions |
39 |
461 |
(91.6%) |
178 |
876 |
(79.7%) |
|
Mexico |
883 |
1,154 |
(23.5%) |
2,488 |
2,752 |
(9.6%) |
|
Brazil |
94 |
148 |
(36.7%) |
316 |
840 |
(62.4%) |
|
Others |
378 |
258 |
46.1% |
1,105 |
712 |
55.3% |
|
EBITDA Margin |
11.0% |
17.8% |
(680) pb |
13.1% |
13.0% |
10 pb |
|
Individual Solutions |
10.9% |
15.9% |
(500) pb |
12.2% |
13.6% |
(140) pb |
|
Integrated Solutions |
13.4% |
22.3% |
(890) pb |
33.3% |
10.8% |
2250 pb |
|
Mexico |
21.1% |
29.0% |
(790) pb |
20.9% |
22.4% |
(150) pb |
|
Brazil |
(39.8%) |
(43.4%) |
360 pb |
(26.0%) |
(11.3%) |
(1470) pb |
|
Others |
(0.1%) |
3.1% |
(320) pb |
6.8% |
5.3% |
150 pb |
Conference Call
Grupo Rotoplas is pleased to invite you to participate in its Third Quarter 2016 Conference Call
Thursday, October 20, 2016 at 10:00 a.m. Mexico City time (11:00 a.m. EST)
Carlos Rojas Mota Velasco, Chairman and Chief Executive Officer, and Mario Romero, Chief Financial Officer, will host the call. Remarks will be followed by a question and answer session.
To participate in the conference call please dial:
Mexico 001 800 514 5965, USA 1 888 312 3048 or other countries 1 719 457 2652
Conference ID: 2827618 or via the Company's website: www.rotoplas.com/investors.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 more than 35 years' experience in the industry and 23 plants throughout the Americas, Rotoplas has a presence in 13 countries and a portfolio that includes 17 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
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SOURCE Grupo Rotoplas SAB de CV
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