SANLUIS Corporacion, S.A.B. de C.V. and Subsidiaries Results for the Second Quarter of 2013
MEXICO CITY, July 25, 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 second quarter of 2013.
First Half 2013 Highlights:
- Consolidated sales increased 12% compared to the first half of 2012.
- EBITDA growth outpaced sales growth increasing 18% to US$54.8 million during the first half of 2013.
- Net operating cash flow was 23% higher year-over-year for the six months ended June, 30 totaling US$54.4 million.
- Consolidated income before taxes for the first half of the year reached US$21.8 million, 15% higher than the year-ago period.
- Consolidated Net Debt / annualized EBITDA ratio stands at 1.8x and EBITDA/Net Interest Expense at 4.3x at the end of June, 2013.
- Brakes division started a 40% capacity increase project in order to meet the demand of newly awarded business.
For a complete overview of our financial results, please visit http://www.sanluisrassini.com/eng/.
SANLUIS will host a conference call on Friday, July 26 at 9:00 am (US Central Time/Mexico City Time) / 10:00 am (US Eastern Time) to discuss its second 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 4630126 |
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 July 26, 2013 to 12:00 pm (US Eastern Time) on August 2, 2013 using the following numbers:
US: |
1-800-406-7325 |
Outside US: |
+1-303-590-3030 |
Passcode: |
4630126 |
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.
Contact:
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: [email protected]
SOURCE SANLUIS Corporacion, S.A.B. de C.V.
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