Rassini, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Third Quarter of 2017

MEXICO CITY, Oct. 23, 2017 /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 third quarter and accumulated nine months ended September 30, 2017.

First Nine Months 2017 Financial Highlights:

• Net revenue climbed to $13,593 million Mexican pesos.
• EBITDA reached $2,530 million Mexican pesos.
• Net operation cash flow rose to $1,768 million Mexican pesos.
• Net income reached $1,203 million Mexican pesos.
• Net Debt / annualized EBITDA ratio as of September 30, 2017 was 0.3x.
• EBITDA / Net Interest Expense ratio as of September 30, 2017 was 11.0x.

Third Quarter 2017 Financial Highlights:

• Net revenue climbed to $4,224 million Mexican pesos.
• EBITDA reached $679 million Mexican pesos.
• Net income reached $327 million Mexican pesos.

U.S. auto sector presented a stronger performance resulting from several factors, among them, auto sales adjusted by seasonality (SAAR) in September reached 18.5 million of vehicles the strongest in 12 years and the fourth strongest of any month ever, inventories level normalized lower to a healthy 64 days of supply and various macroeconomic factors linked to the industry tracked more positively (GDP growth, unemployment rate, initial jobless claims, consumer confidence, etc.) and the average share price of the US auto parts suppliers has presented a strong performance averaging 28.1% YTD vs S&P 14%.

Financial Results:

For a complete overview of our financial results, please visit: 
http://ir.rassini.com/en/reportes-trimestrales

Conference Call:

Rassini will host a conference call on Tuesday, October 24, 2017 at 9:00 a.m. (U.S. Central Time/Mexico City Time) / 10:00 a.m. (U.S. Eastern Time) to discuss its unaudited third 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 p.m. (U.S. Central Time/Mexico City Time) on October 24, 2017 to 11:00 (U.S. Central Time/Mexico City Time) on October 28, 2017 using the following numbers:

A presentation deck for the call will be available at:
http://ir.rassini.com/en/reportes-trimestrales

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 U.S. 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.