SANLUIS Corporacion, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Fourth Quarter and Fiscal Year 2013
MEXICO CITY, Feb. 27, 2014 /PRNewswire/ -- SANLUIS Corporacion, S.A.B. de C.V. (Mexican Stock Exchange Ticker: SANLUIS), a Mexican industrial company engaged in the design and manufacture of suspension and brake components for the automotive industry, announced today its financial results for the fourth quarter and fiscal year 2013.
Selected Full Year Highlights:
- 2013 was SANLUIS Rassini's strongest year to date as the company achieved record levels of sales, EBITDA and cash flow generation, amounting to US$811.5 million, US$105.1 million and U$118.4 million, respectively.
- Consolidated sales in 2013 increased 14% compared to 2012 and EBITDA increased 15% during the year.
- Sales and EBITDA growth outpaced the growth of light vehicle production as we increased our market penetration in both markets where we operate (North America and Brazil).
For a complete overview of our financial results, please visit: http://www.sanluisrassini.com/eng/.
SANLUIS will host a conference call on Friday, February 28 at 10:00 am (US Central Time/Mexico City Time) / 11:00 am (US Eastern Time) to discuss its results and recent business activities. The conference call may be accessed using the following numbers:
US: 1-800-762-8779
Mexico: 001-888-425-5213
International: +1-480-629-9771
Passcode: SANLUIS or 4666343
SANLUIS
SANLUIS, through its brand SANLUIS Rassini, is a leader designer and manufacturer of suspension and brake components for the global automotive industry, mainly focused on original equipment manufacturers (OEMs).
SANLUIS Rassini is the world's largest producer of suspension components for light commercial vehicles as well as the largest fully integrated brake disc producer in the Americas and has eight manufacturing sites strategically located in North America and Brazil.
Suspension products include Leaf Springs (parabolic and multi-leaf) for light and commercial trucks, Coil Springs, Torsion Bars and Bushings. The Brake business manufactures Rotors, Drums, Brake Assemblies, Clutch Plates and Motor Balancers.
Its solid and diversified customer base includes: General Motors, Ford Motor Company, Chrysler - Fiat, Nissan, Volkswagen, Toyota, MAN, Scania and Mercedes Benz among others.
Contact:
Francisco Freyre Servin
SANLUIS Corporacion, S.A.B. de C.V.
Tel: (5255) 5229-58-20
Fax: (5255) 5202-58-95
www.sanluisrassini.com
e-mail: [email protected]
SOURCE SANLUIS Corporacion, S.A.B. de C.V.
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