Key
Financial Information
(Amounts in thousands pesos, except earnings per share) | 2015 | 2016 | 2017 | Var% 2017-2016 |
Sales | 88,223,816 | 95,187,635 | 93,592,613 | -1.7% |
Gross Profit | 25,562,314 | 28,470,025 | 28,981,097 | 1.8% |
Operating Income | 10,329,259 | 13,725,876 | 12,941,490 | -5.7% |
EBITDA | 12,570,512 | 14,578,076 | 13,871,725 | -4.8% |
Controlling Participation in Net Income | 6,196,155 | 9,524,896 | 10,033,633 | 5.3% |
Earnings per Share (EPS)* | 2.72 | 4.20 | 4.42 | 5.2% |
Margins | ||||
---|---|---|---|---|
Gross | 29.0% | 29.9% | 31.0% | 1.1 pp |
Operating | 11.7% | 14.4% | 13.8% | -0.6 pp |
EBITDA | 14.2% | 15.3% | 14.8% | -0.5 pp |
Net | 7.0% | 10.0% | 10.7% | 0.7 pp |
Revenues | ||||
Commercial | 44,413,058 | 47,593,847 | 49,768,427 | 4.6% |
Industrial | 26,951,014 | 29,048,773 | 28,782,821 | -0.9% |
Infrastructure and Construction | 17,259,620 | 19,143,008 | 17,273,500 | -9.8% |
Energy | 2,588 | 0 | 62,443 | 0.0% |
EBITDA** | ||||
Commercial | 5,707,369 | 6,465,469 | 6,332,165 | -2.1% |
Industrial | 4,052,744 | 5,127,274 | 4,849,287 | -5.4% |
Infrastructure and Construction | 2,714,185 | 2,948,794 | 2,696,770 | -8.5% |
Energy | -33,120 | -80,351 | -15,800 | -80.3% |
EBITDA Margins | ||||
Commercial | 12.9% | 13.6% | 12.7% | -0.9 pp |
Industrial | 15.0% | 17.7% | 16.8% | -0.9 pp |
Infrastructure and Construction | 15.7% | 15.4% | 15.6% | 0.2 pp |
Energy | -1279.8% | NA | -25.3% | NA pp |
Total Assets | 94,184,910 | 109,556,349 | 118,847,930 | 8.5% |
Total Liabilities | 30,390,542 | 37,976,185 | 37,916,273 | -0.2% |
Stockholders´ Equity | 63,794,368 | 71,580,164 | 80,931,657 | 13.1% |
Compounded Average Outstanding Shares (‘000) | 2,281,190 | 2,268,787 | 2,267,779 | 0.0% |
* | EPS: Calculated as Controlling Participation in Net Income divided by the compounded average shares outstanding. Amount in pesos. |
** | 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. See conciliation in Note 30 of the Financial Statements. |
pp: | Variation in percentage points |
*Note: EBITDA for 2015 does not include machinery and equipment wear and tear and exploration expenses nor surplus derived from shopping mall appraisals. EBITDA for 2016 does not include $1,242 million for profit on the purchase of SROM real property shares, fixed asset impairment, nor reevaluation of investment assets. EBITDA for 2017 does not include $1,332 million resulting from profits on dilution and sale of shares of associated companies (GMexico Transportes), nor reevaluation of investment assets, nor fixed asset impairment.