Elektra Has One Of Mexico's Highest Corporate Dividend Payout Ratios, Investors Told

Apr 17, 2001, 01:00 ET from Grupo Elektra, S.A. de C.V.

    MEXICO CITY, April 17 /PRNewswire/ -- Ricardo B. Salinas Pliego,
 Chairman of Grupo Elektra S. A. de C.V. (NYSE:   EKT) (BMV: Elektra), told
 investors today, "Elektra has one of the best dividend payout ratios of all
 Mexican companies.  Over the past five years, Elektra has distributed an
 average of 7.6 percent of EBITDA in shareholder dividends, which represents
 more than US$ 77 million."
     "In addition, the dividend has risen consistently by nine percent over the
 past three years, despite fluctuations in the economy.  This is a clear
 reflection of our management's strong operating controls and ability to
 achieve profits even in difficult environments.  Elektra has made significant
 investments in personnel training and information technology that not only
 contributed to the bottom line, but also positions the company to continue
 profitable growth in the years ahead."
     "Our goal is to continually build shareholder value by providing our
 stockholders with a meaningful dividend every year.  We want Elektra's
 dividends to be as dependable and consistent as the products we sell and the
 high-level of service we provide to our retail customers."
     "We believe our consecutive high-dividend payout is one of the many
 factors that continue to make Elektra attractive to investors in Mexico and
 internationally," Mr. Salinas concluded.
     As previously announced, on March 30, 2001, Elektra shareholders approved
 a net (after-tax) dividend of Ps. 0.116 per CPO, or US$0.121per ADR, totaling
 Ps. 142.5 million, equivalent to US$15 million. This represents 6.1 percent of
 Elektra's EBITDA for the year 2000.  The dividend will be paid on April 20,
 2001
     On February 14, 2001, Elektra reported an 18 percent increase in annual
 net revenue to US$1.5 billion during 2000 and an 18 percent annual increase in
 EBITDA to US$244 million.  Net income was Ps. 1,122 million, or Ps. 0.93 per
 CPO and US$0.97 per ADR, based on 1,207 million CPO's outstanding or 120.7
 million ADR's equivalent.
 
            Elektra - Progress Through Affordable Goods and Services
 
     Grupo Elektra is Latin America's leading specialty retailer and consumer
 finance company.  Elektra sells goods and services through its Elektra,
 Salinas y Rocha, and THE ONE stores and over the Internet.  The Group operates
 almost 1,000 stores in Mexico and five other countries in Latin America, as
 well as its virtual stores, offering household appliances, furniture and
 clothing.  Financial services include consumer credit, money transfers,
 savings accounts and extended warranties.  Elektra also holds a major indirect
 investment in TV Azteca, one of two broadcast television networks in Mexico.
 For additional information, please visit our website at
 www.grupoelektra.com.mx .
 
     This is a "Safe Harbor" Statement under the Private Securities Litigation
 Reform Act of 1995.  Any forward-looking statements contained herein,
 including those related to the Company's performance for the year 2001 and
 beyond, are based on the Company's historical performance and on current
 plans, estimates and expectations.  They are subject to various risks and
 uncertainties, including but not limited to, risks detailed from time to time
 in the Company's filings with the Securities and Exchange Commission.  These
 risks could cause the Company's actual results for the year 2001 and beyond to
 differ materially from those expressed in any forward-looking statement made
 by or on behalf of the Company.  Forward-looking statements speak only as of
 the date on which they are made, and the Company undertakes no obligation to
 update publicly or revise any forward-looking statement, whether as a result
 of new information, future developments or otherwise.
 
 

SOURCE Grupo Elektra, S.A. de C.V.
    MEXICO CITY, April 17 /PRNewswire/ -- Ricardo B. Salinas Pliego,
 Chairman of Grupo Elektra S. A. de C.V. (NYSE:   EKT) (BMV: Elektra), told
 investors today, "Elektra has one of the best dividend payout ratios of all
 Mexican companies.  Over the past five years, Elektra has distributed an
 average of 7.6 percent of EBITDA in shareholder dividends, which represents
 more than US$ 77 million."
     "In addition, the dividend has risen consistently by nine percent over the
 past three years, despite fluctuations in the economy.  This is a clear
 reflection of our management's strong operating controls and ability to
 achieve profits even in difficult environments.  Elektra has made significant
 investments in personnel training and information technology that not only
 contributed to the bottom line, but also positions the company to continue
 profitable growth in the years ahead."
     "Our goal is to continually build shareholder value by providing our
 stockholders with a meaningful dividend every year.  We want Elektra's
 dividends to be as dependable and consistent as the products we sell and the
 high-level of service we provide to our retail customers."
     "We believe our consecutive high-dividend payout is one of the many
 factors that continue to make Elektra attractive to investors in Mexico and
 internationally," Mr. Salinas concluded.
     As previously announced, on March 30, 2001, Elektra shareholders approved
 a net (after-tax) dividend of Ps. 0.116 per CPO, or US$0.121per ADR, totaling
 Ps. 142.5 million, equivalent to US$15 million. This represents 6.1 percent of
 Elektra's EBITDA for the year 2000.  The dividend will be paid on April 20,
 2001
     On February 14, 2001, Elektra reported an 18 percent increase in annual
 net revenue to US$1.5 billion during 2000 and an 18 percent annual increase in
 EBITDA to US$244 million.  Net income was Ps. 1,122 million, or Ps. 0.93 per
 CPO and US$0.97 per ADR, based on 1,207 million CPO's outstanding or 120.7
 million ADR's equivalent.
 
            Elektra - Progress Through Affordable Goods and Services
 
     Grupo Elektra is Latin America's leading specialty retailer and consumer
 finance company.  Elektra sells goods and services through its Elektra,
 Salinas y Rocha, and THE ONE stores and over the Internet.  The Group operates
 almost 1,000 stores in Mexico and five other countries in Latin America, as
 well as its virtual stores, offering household appliances, furniture and
 clothing.  Financial services include consumer credit, money transfers,
 savings accounts and extended warranties.  Elektra also holds a major indirect
 investment in TV Azteca, one of two broadcast television networks in Mexico.
 For additional information, please visit our website at
 www.grupoelektra.com.mx .
 
     This is a "Safe Harbor" Statement under the Private Securities Litigation
 Reform Act of 1995.  Any forward-looking statements contained herein,
 including those related to the Company's performance for the year 2001 and
 beyond, are based on the Company's historical performance and on current
 plans, estimates and expectations.  They are subject to various risks and
 uncertainties, including but not limited to, risks detailed from time to time
 in the Company's filings with the Securities and Exchange Commission.  These
 risks could cause the Company's actual results for the year 2001 and beyond to
 differ materially from those expressed in any forward-looking statement made
 by or on behalf of the Company.  Forward-looking statements speak only as of
 the date on which they are made, and the Company undertakes no obligation to
 update publicly or revise any forward-looking statement, whether as a result
 of new information, future developments or otherwise.
 
 SOURCE  Grupo Elektra, S.A. de C.V.