Rassini, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Second Quarter and first half of 2016

MEXICO CITY, July 20, 2016 /PRNewswire/ -- Rassini, S.A.B. de C.V. (Mexican Stock Exchange Ticker: RASSINI), a Mexican industrial company engaged in the design and manufacture of suspension and brake components for the automotive industry, announced today its unaudited financial results for the second quarter ended June 30, 2016.

Second Quarter 2016 Financial Highlights:

• Net revenue climbed 25% year-over-year to $4,000 million Mexican pesos, a new record high.
• EBITDA was $808 million Mexican pesos, up 48.8% compared to the same period in 2015.
• Net income before taxes and minority interest increased 71% year-over-year to $516 million Mexican pesos.
• Net income increased 53.7% to $352 million Mexican pesos.

First Half 2016 Financial Highlights:

• Net revenue rose 22.0% year-over-year to $7,809 million Mexican pesos.
• EBITDA grew 47.1% to $1,587 million Mexican pesos.
• Net operating cash flow rose 13.7% to $1,114 million Mexican pesos.
• Net income increased 80.5% to $854 million Mexican pesos.
• Net Debt / annualized EBITDA ratio as of June 30, 2016 was 0.5x.
• EBITDA / Net Interest Expense ratio as of June 30, 2016 was 10.2x.

Financial Results:

For a complete overview of our financial results, please visit: http://www.rassini.com/en/financial.html.

Conference Call

Rassini will host a conference call on Thursday, July 21, 2016 at 9:00 am (U.S. Central Time/Mexico City Time) / 10:00 am (U.S. Eastern Time) to discuss its unaudited first quarter financial results and recent business activities.

The conference call may be accessed using the following numbers:

Please dial in approximately 10 minutes before the scheduled time of this call.

A replay of the conference call will be available starting from 12:00 pm (U.S. Central Time/Mexico City Time) on July 21, 2016 to 11:00 (U.S. Central Time/Mexico City Time) on July 28, 2016 using the following numbers:

A presentation deck for the call will be available at: http://www.rassini.com/en/financial.html

RASSINI

Rassini is a leading designer and manufacturer of suspension and brake components for the global automotive industry, mainly focused on original equipment manufacturers (OEMs).

Rassini is the world's largest producer of suspension components for light commercial vehicles as well as the largest fully integrated brakes disc producer in the Americas and has eight manufacturing sites strategically located in Mexico, the US and Brazil, as well as four tech centers located in the same countries.

Suspension products include leaf springs (parabolic and multi-leaf) for light and commercial trucks, coil springs and bushings. The brakes business manufactures rotors, drums, brake assemblies, clutch plates and motor balancers.

Its solid and diversified customer base includes: General Motors, Ford Motor Co., FCA, Nissan, Volkswagen, Toyota, MAN, Scania, Maserati, Mercedes Benz and Daimler among others.

Contact:

Francisco Freyre Servín
Rassini, S.A.B. de C.V.
Tel: (5255) 5229-58-20
E-mail: [email protected] 
www.rassini.com

SOURCE Rassini, S.A.B. de C.V.

Related Links

http://www.rassini.com