SANLUIS Corporacion, S.A.B. de C.V. and Subsidiaries Unaudited Results for the Third Quarter of 2014

MEXICO CITY, Oct. 28, 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 through its brand Rassini, announced today its unaudited financial results for the quarter and nine months ended September 30, 2014.

Highlights:

• Consolidated sales increased 16% during the nine months ended on September 30, 2014 compared to the same period of 2013 to $9,059 million Pesos. Consolidated sales for the third quarter of 2014 grew 9% on a year-over-year basis.
• EBITDA increased 12% to $1,215 million Pesos in the first nine months of 2014 compared to the same period in 2013. For the third quarter of 2014, EBITDA declined 6% from the year-ago period, which was a record high third quarter.
• Consolidated net income was $710 million Pesos for the nine months of the year, 18 times the net income recorded in the same period of 2013. Net income of $382 million Pesos for the third quarter of 2014 was 22 times the net income of the same period a year ago.
• Financial ratios continue to improve: Net Debt / annualized EBITDA ratio stands at 1.1x and EBITDA/Net Interest Expense was 5.5x as of September 30, 2014.
• Standard & Poor's (S&P) announced an upgrade to SANLUIS Rassini to 'BB-' with a 'Stable' rating outlook on improved financial policy.

For a complete overview of our financial results, please visit: http://www.sanluisrassini.com/eng/.

Conference Call

SANLUIS Rassini will host a conference call on Wednesday, October 29, 2014 at 9:00 am (Mexico City Time) / 10:00 am (U.S. Central Time) / 11:00 am (U.S. Eastern Time) to discuss its third quarter financial results and recent business activities. Please note the revised time of the call due to daylight savings time.

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 1:00 pm (U.S. Eastern Time) on October 29, 2014 to 1:00 pm (U.S. Eastern Time) on November 5, 2014 using the following numbers:

The presentation deck for the call will be available the day before in our web page: www.sanluisrassini.com/eng

RASSINI

Rassini, is a lead 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 brake rotor 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, FCA, Nissan, Volkswagen, Toyota, MAN, Scania, Maserati 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.

Related Links

http://www.sanluisrassini.com/eng