Vitro Reports Fourth Quarter and Full Year 2013 Unaudited Results

Date: 14 March 2014
Source: Vitro
Vitro, S.A.B. de C.V. (BMV: VITROA), hereinafter “Vitro” or the “Company”, the leading glass producer in Mexico, today announced its unaudited results for the fourth quarter 2013 and fiscal year 2013.

Fourth Quarter 2013 Highlights A solid performance across Glass Containers segments and Flat Glass exports to US, partially offset a Consolidated Net sales decline of 7.5 percent, derived from expected lower sales volumes in the Automotive and Beer segments at Flat Glass and Glass Containers. Consolidated EBITDA reached US$56 million, down 3.8 percent YoY, impacted by lower sales, increasing gas prices and certain non-operating effects.Despite higher natural gas prices, FY 2013 EBITDA increased 4.3 percent, YoY, to US$355 million, driven by cost reduction efforts, stable price mix and lower restructuring expenses.

  • FY2013 Free Cash Flow before Capital Expenditures increased to US$268 million, from US$180 million in FY2012, boosted by a US$20 million Working Capital Recovery, compared to a US$48 million investment during the previous year. Incremental cash flow was used to fund Vitro’s Capital Expenditure of US$139 million for FY2013.



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