Carso Infraestructura y Construcción
The annual sales of Carso Infraestructura y Construcción were Ps. 18,513 million, representing a growth of 12.2% in the year. This was mainly due to higher sales in the installation of pipelines and the provision of additional installation services in the telecommunications sector in Mexico and South America, together with the execution of new civil construction and infrastructure projects.
The performance observed in these markets managed to offset the lower level of sales recorded in the manufacturing and services for the chemical and oil industry sector, where the turnover related to the oil industry decreased during the year.
Operating income and EBITDA increased by 5.6% and 6.6% respectively, while operating margin and EBITDA margin stood at 11.1% and 13.2%. This was a result of the mixture of projects, where a lower activity in the execution of projects for Petróleos Mexicanos was recognized, especially in the manufacturing and services for the chemical and oil industry sector, as previously mentioned.
The controlling net income of Carso Infraestructura y Construcción was Ps. 1,049 million in 2016, compared to the net income of Ps. 1,193 million recorded in the previous year, thus representing a decrease of 12.0%.
By the end of 2016, the backlog of Carso Infraestructura y Construcción was Ps. 13,088 million, compared to Ps. 17,502 million observed in the previous year. The figure for 2016 does not include Ps. 2,726 million corresponding to projects conducted jointly with other companies, therefore the backlog would have been valuated at Ps. 15,814 million. This amount considers the beginning of civil work of the Track 3 of the new airport in Mexico City, but not yet that of the Terminal Building.
Investments in fixed assets carried out during 2016 totaled Ps. 137 million.
