Grupo Condumex
The sales of Grupo Condumex increased by 3.8% in 2015, reaching Ps. 26,951 million against the Ps. 25,957 million figure reported in the previous year.
The automotive sector contributed to the recognition of higher sales since an increase in the export volume of cables and harnesses to the United States and South America took place in the year. Moreover, the telecommunication division recorded an increase in the sale of copper and fiber optic cable, even when the price of copper fell by around 20% during the year. Energy-related businesses reported low levels of operation due to a decline in the amount invested from the government.
Operating income and EBITDA totaled Ps. 3,765 and Ps. 4,053 million, respectively, thus representing increases of 52.2% and 43.4% in comparison with the figures registered in the previous year. This improvement in profitability was due to initiatives and projects for improvements made in all areas of the division.
Net controlling interest of Grupo Condumex increased 35.1% reaching Ps. 2,226 million, compared with the Ps. 1,648 million figured in 2014.
Capital expenditures made by Grupo Condumex during the year reached Ps. 336 million.
