Armored Room

Automotive Harnesses at Arcomex Plant

Arcomex Plant

Armored Room

Automotive Harnesses at Arcomex Plant

Arcomex Plant

Industrial
and Manufacturing

DIVISION

Grupo Condumex
The sales of Grupo Condumex were maintained at levels similar to those of 2016, decreasing 0.9% for a total of $28,783 million, in comparison with $29,050 million registered in the preceding year.

Sales
(million Pesos)

15

16

17

26,951

29,049

28,783

Operating Income
(million Pesos)

15

16

17

3,765

4,776

4,441

14.0%

15.4%

Operating Margin

EBITDA
(million Pesos)

15

16

17

4,053

5,127

4,849

15.0%

16.8%

EBITDA Margin

Sales
(million Pesos)

15

16

17

26,951

29,049

28,783

Operating Income
(million Pesos)

15

16

17

3,765

4,776

4,441

14.0%

15.4%

Operating Margin

EBITDA
(million Pesos)

15

16

17

4,053

5,127

4,849

15.0%

16.8%

EBITDA Margin

Magneto Wire

Magneto Plant

Automotive Harnesses at Arcomex Plant

Magneto Wire

Magneto Plant

Automotive Harnesses at Arcomex Plant

Armored Room

Automotive Harnesses at Arcomex Plant

Arcomex Plant

Magneto Wire

Magneto Plant

Automotive Harnesses at Arcomex Plant

$325.4
million pesos in capital expenditures

Sales in the automotive sector were outstanding, where the domestic volume was maintained, as well as the one for direct and indirect export of cables and harnesses, mainly to the United States, which helped to compensate decreased volumes in the Telecom and Construction divisions. Sales of cables and transformers for distribution of energy still maintain low dynamics.

Operating income and EBITDA totaled $4,441 million and $4,849 million, which represented cuts of 7.0% and 5.4%, respectively, as compared to the figures for the preceding year, which was a record year in earnings in this division.

On the other hand, net profits for the Grupo Condumex holding company decreased by 14.2% amounting to a total of $2,788 million, compared to $3,249 million in 2016.

Capital expenditures at Grupo Condumex amounted to $325.4 million during the year and were disbursed mainly to maintain in good working condition the Group’s industrial facilities.

Operating Income totaled $4,441 million pesos