SANLUIS Corporacion, S.A.B. de C.V. and Subsidiaries Results for the First Quarter of 2013

MEXICO CITY, April 26, 2013 /PRNewswire/ -- SANLUIS Corporacion, S.A.B. de C.V. (Mexican Stock Exchange Ticker: SANLUIS), a Mexican industrial company engaged in the design and manufacture of suspension and brake components for the automotive industry, announced today its financial results for the first quarter of 2013.

Highlights:

  • Consolidated sales increased 8% compared to the first quarter of 2012.
  • EBITDA increased 33% year over year on a consolidated basis, for a total of US$28.5 million during the quarter.
  • Consolidated net operating cash flow was U$22.2 million, an 85% increase from the previous year.
  • Consolidated Income before deferred taxes grew 38% to US$10.5 million, equivalent to MxP$132.7 million, 33% above last year in MxPeso terms.
  • Financial ratios continue to improve: Net Debt / annualized EBITDA ratio stands at 1.7x and EBITDA/Net Interest Expense at 4.8x.
  • The Brakes division received the "2012 Supplier of the Year Award" from General Motors, and was named within the 100 Best Managed Companies for Zero Defects in 2012 by Ford.
  • The Brazilian Suspension business (RNA Automotive) was awarded by Toyota with the "2012 Best Performance Supplier" in South America.

For a complete overview of our financial results, please visit http://www.sanluisrassini.com/eng/.

SANLUIS will host a conference call on Monday, April 29 at 9:00 am (US Central Time/Mexico City Time) / 10:00 am (US Eastern Time) to discuss its first quarter financial results and recent business activities.

The conference call may be accessed using the following numbers:

US:            

1-877-941-9205

Mexico:         

001-888-425-5213

International:     

+1-480-629-9818

Passcode:         

SANLUIS or 4615485

Please dial in approximately 10 minutes before the scheduled time of this call.

A replay of the conference call will be available starting from 12:00 pm (US Eastern Time) on April 29, 2013 to 12:00 pm (US Eastern Time) on May 6, 2013 using the following numbers:

US:        

1-800-406-7325

Outside US:  

+1-303-590-3030

Passcode:  

4615485

SANLUIS

SANLUIS, through its brand SANLUIS Rassini, is a leader designer and manufacturer of suspension and brake components for the global automotive industry, mainly focused on original equipment manufacturers (OEMs).

SANLUIS Rassini is the world's largest producer of suspension components for light commercial vehicles as well as the largest fully integrated brake disc producer in the Americas and has seven manufacturing operations strategically located in North America and Brazil.

Suspension products include Leaf Springs (parabolic and multi-leaf) for light and commercial trucks, Coil Springs, Torsion Bars and Bushings. The Brake business manufactures Rotors, Drums, Brake Assemblies, Clutch Plates and Motor Balancers.

Its solid and diversified customer base includes: General Motors, Ford Motor Company, Chrysler - Fiat, Nissan, Volkswagen, Toyota, MAN, Scania and Mercedes Benz among others.

Francisco Freyre Servin
SANLUIS Corporacion, S.A.B. de C.V.
Tel: (5255) 5229-58-20
Fax: (5255) 5202-58-95
www.sanluisrassini.com
e-mail: ffreyre@sanluisrassini.com

SOURCE SANLUIS Corporacion, S.A.B. de C.V.



RELATED LINKS
http://www.sanluisrassini.com

More by this Source

Best of Content We Love 2014 


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

 

PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.