Grupo Rotoplas Reports Third Quarter 2017 Results
MEXICO CITY, Oct. 18, 2017 /PRNewswire/ --
Quarterly Highlights
- Double-digit year-over-year growth in sales 16% and EBITDA 79%.
- Organic sales grew 12% and EBITDA was at 57% rate.
- EBITDA margin increased by 590 basis points.
- Government channel sales under 3% of total sales.
Year to Date Highlights
- Year-over-year 29% growth of sales and 55% of EBITDA.
- EBITDA growth of 270 basis points year-over-year.
- Government channel sales under 6%. In line with the Company's diversification strategy.
- Organic sales grew 22% and EBITDA 22%.
Grupo Rotoplas S.A.B. de C.V. (AGUA.MX) ("Rotoplas", "the Company" or "the Group"), the leading provider of individual and integrated water solutions in the Americas, reported its unaudited financial results for the third quarter of 2017. The information within has been prepared based on International Financial Reporting Standards (IFRS).
"Our third quarter results show a continuing trend of strong sales growth and increasing profitability, with double-digit year-over-year growth in both sales and EBITDA and with a good margin expansion. Our solutions' portfolio reconfiguration strategy continues to be proven successful, with a better and more profitable product mix. Our cost-control efforts through the zero based budget management framework continues to have a very positive impact in the profitability of our largest operations. And because of our organic sales growth and acquisition strategy, we have been able to significantly reduce the share of the government channel in our total sales, thus reducing our exposure to the socio-economic and budgetary uncertainty that has affected some of our markets" remarked Carlos Rojas Mota Velasco, CEO of Grupo Rotoplas.
Conference Call
Grupo Rotoplas is pleased to invite you to participate in its Third Quarter 2017 Conference Call, to be held on Thursday, October 19th, 2017 at 10:00 a.m. Mexico City time (11:00 a.m. EST).
Carlos Rojas Mota Velasco, CEO, and Mario Romero, CFO, will host the call and discuss the results. After their comments there will be a Q & A session.
To participate in the conference call please use the Conference ID 8440882 and dial or log in:
Mexico: 01 800 289 0551
United States: 1 888 349 9586
Other Countries: 1 719 325 2396
Web: http://www.rotoplas.com/inversionistas.html
Investor Relations
Ofelia López Aranda
Tel: +52 (55) 5201 5000
Email: [email protected]
Forward Looking Statements
This press release may include certain forward-looking statements relating to Grupo Rotoplas S.A.B. de C.V., it relies on considerations of the Grupo Rotoplas S.A.B. de C.V. management which are based on current and known information; however, the forward-looking statements could vary due to facts, circumstances and events beyond the control of Grupo Rotoplas, S.A.B. de C.V.
About the Company
Grupo Rotoplas S.A.B. de C.V. is America's leading provider of individual and integrated water solutions for storing, carrying, and treating water. With almost than 40 years' experience in the industry and 21 plants throughout the Americas, Rotoplas has a presence in 14 countries and a portfolio that includes 18 product lines. Grupo Rotoplas has been listed on the Mexican Stock Exchange (BMV) under the ticker "AGUA" since December 2014.
SOURCE Grupo Rotoplas S.A.B. de C.V.
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