MEXICO CITY, April 25, 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 first quarter 2016. The information within has been prepared based on International Financial Reporting Standards (IFRS).
"We believe our first quarter 2016 provided further confirmation of Rotoplas' ability to continue its course of positive results, overcoming headwinds to produce strengthened profitability, sustained revenues in Mexico and growth in all of our other core markets excluding Brazil. Strong demand for our products, improved sales mix, favorable raw materials costs and strict financial controls throughout our organization again drove profitability this quarter despite the negative impact from Brazil on our top line. We believe these results demonstrate not only the fundamental strength of Rotoplas' value proposition to provide the world with more and better water, but also our continued ability to manage the factors over which we have control," said Carlos Rojas Mota Velasco, Grupo Rotoplas Chief Executive Officer. "This quarter we also welcomed Talsar S.A. as a new member of the Rotoplas family, including the employees and customers who have been instrumental to Talsar's leading market position in Argentina. We continue to evaluate our acquisition pipeline to identify similar opportunities that will add meaningful value to our business and shareholders."
To access the full text of this earnings release, please visit the Grupo Rotoplas Investor Relations website at: http://www.rotoplas.com/investors.html
Grupo Rotoplas will host a conference call on Tuesday, April 26, 2016 at 10:00 a.m. Mexico City time / 11:00 a.m. EDT to present the Company's 2016 First Quarter results.
Carlos Rojas Mota Velasco, Chairman of the Board and Chief Executive Officer, and Mario Romero, Chief Financial Officer, will review first quarter results followed by a question and answer session.
To participate in the conference call, please dial:
- Mexico: 001 800 514 5965
- USA: 1 800 500 0920
- Other countries: 1 719 325 2191
Conference number: 3198784
The call is also available through the Grupo Rotoplas investor relations website: www.rotoplas.com/investors
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 Latin 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 24 plants throughout the Americas, Rotoplas has a presence in 12 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.
SOURCE Grupo Rotoplas S.A.B. de C.V.