Sanborns Palmas
Sanborns Vallejo
Sears Portal San Angel
Sanborns Palmas
Sanborns Vallejo
Sears Portal San Angel
Commercial
and Consumer
DIVISION
Grupo Sanborns
During 2017, commercial and consumer division sales amounted to $49,768 million, which meant $2,174 million more, and represented a 4.6% increase as compared to the preceding year.
Earnings for credits increased 13.4%, amounting to a total of $3,609 million against $3,183 million recorded in 2016.
Operating Income
(million Pesos)
15
16
17
4,908
6,620
5,158
11.1%
10.4%
Operating Margin
EBITDA
(million Pesos)
15
16
17
5,707
6,465
6,332
12.9%
12.7%
EBITDA Margin
Operating Income
(million Pesos)
15
16
17
4,908
6,620
5,158
11.1%
10.4%
Operating Margin
EBITDA
(million Pesos)
15
16
17
5,707
6,465
6,332
12.9%
12.7%
EBITDA Margin
Sanborns Atizapán
Sears Portal San Angel
Sears Portal San Angel
Sanborns Vallejo Drugstore
Sanborns Atizapán
Sears Portal San Angel
Sears Portal San Angel
Sanborns Vallejo Drugstore
Sanborns Palmas
Sanborns Vallejo
Sears Portal San Angel
Sanborns Atizapán
Sears Portal San Angel
Sears Portal San Angel
Sanborns Vallejo Drugstore
443
units operating at the end of December
Operating income went from $6,620 million in 2016 to $5,158 million in 2017, which meant a 22.1% drop, mainly due to profits generated in 2016 on the acquisition of 14% of the shares of Inmuebles SROM, S.A. de C.V. for Sears Mexico Holdings Corp.
For purposes of computing annual EBITDA, extraordinary items were not considered; therefore, this indicator stood at $6,332 million in 2017, and EBITDA margin at 12.7%.
The holding controlling profit, without considering Other Income recorded in 2016, increased 7.9% to $3,958 million in 2017 from $3,667 million in the prior year.
The expansion plan continued during the year. Capital expenditures made by Grupo Sanborns amounted to $1,584 million. At the end of December, 443 units were in operation.
Sales by Format
Sears 51.1%
Sanborns 24.7%
Promusa 16.9%
Other 7.3%
Sales by Format
Sears 51.1%
Sanborns 24.7%
Promusa 16.9%
Other 7.3%
Sales by Format
Sears 51.1%
Sanborns 24.7%
Promusa 16.9%
Other 7.3%