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Key financial information

(Amounts in thousand pesos, except earnings per share, which is shown in pesos, and outstanding shares) 2013 2014 2015 Var%
2015 vs 2014
Sales 85,870,545 82,387,858 88,223,816 7.1%
Gross Profit 22,905,636 23,206,133 25,562,314 10.2%
Operating Income 17,277,276 9,089,522 10,329,259 13.6%
EBITDA 18,699,382 10,606,017 12,570,512 18.5%
Controlling Participation in Net Income 13,929,481 5,684,990 6,196,155 9.0%
Earnings per share (EPS)* 6.08 2.48 2.72 9.7%
         
Margins        
Gross 26.7% 28.2% 29.0% 0.8 pp
Operating 20.1% 11.0% 11.7% 0.7 pp
EBITDA 21.8% 12.9% 14.2% 1.3 pp
Net 16.2% 6.9% 7.0% 0.1 pp
         
Revenues        
Retail 40,514,434 41,202,547 44,413,058 7.8%
Industrial 26,722,998 25,956,926 26,951,014 3.8%
Infrastructure and Construction 18,818,223 14,799,667 16,492,889 11.4%
         
EBITDA**        
Retail 5,500,202 5,027,548 5,707,369 13.5%
Industrial 2,154,407 2,821,982 4,052,744 43.6%
Infrastructure and Construction 3,356,985 2,221,607 2,297,009 3.4%
         
EBITDA margin        
Retail 13.6% 12.2% 12.9% 0.7 pp
Industrial 8.1% 10.9% 15.0% 4.1 pp
Infrastructure and Construction 17.8% 15.0% 13.9% -1.1 pp
         
Total Assets 90,180,792 91,710,398 94,184,910 1.7%
Total Liabilities 33,539,814 30,525,037 30,390,542 -9.0%
Stockholders’ Equity 56,640,978 61,185,361 63,794,368 8.0%
Compounded Average Outstanding Shares (‘000) 2,289,802 2,289,802 2,281,190 0.0%
  • *

    EPS: Calculated as Controlling Participation in Net Income divided by the compounded average shares outstanding.

  • **

    EBITDA: Income before income taxes plus depreciation and amortization, interest expense, impairment of machinery and equipment and exploration expenses, and effect on valuation of derivative financial instruments, less interest income, net foreign exchange gain, surplus from appraisals of shopping centers and equity in earnings of associated companies and joint ventures. Conciliation in Note 30 of the Financial Statements.

  • pp

    Variation in percentage points.

Sales
(million pesos)

Operating Income *
(million pesos)

Operating margin

EBITDA*
(million pesos)

EBITDA margin

Sales Breakdown by Subsidiary
(thousand pesos)

  • 50.3%$44,413
  • Commercial and Retail
  • 30.5%$26,951
  • Industrial and Manufacture
  • 18.7%$16,493
  • Infrastructure and Construction
  • 0.9%$769
  • Energy
  • -0.4%$-402
  • Other

Operating Income by Subsidiary
(thousand pesos)

  • 47.5%$4,908
  • Grupo Sanborns
  • 36.4%$3,765
  • Grupo Condumex
  • 18.8%$1,941
  • Infrastructure and Construction
  • -4.1%$-424
  • Energy
  • 1.4%$139
  • Other
  • * Note: A total of $7,589 million pesos were subtracted to the consolidated operating income and EBITDA of 2013 due to the sale of Philip Morris Mexico (PMM) as well as $210 on the valuation of investment properties. In 2014 a total of $210 million pesos were added to the consolidated operating income and EBITDA due to the adjustment on the sale of PMM and $226 were subtracted per the valuation of investment properties. In 2015 the EBITDA does not include the impairment of machinery and equipment and exploration expenses, nor the surplus from appraisals of shopping centers.