February 13, 2014
ALFA announces Guidance for 2014
Estimated increase of 3% in EBITDA over 2013
Monterrey, N.L., February 13, 2014. - ALFA, S.A.B. de C.V. (ALFA), one of Mexico's leading industrial companies, announced today its guidance for 2014. The information is the following:
ALFA
Guidance 2014
(U.S. $ Millions)
Revenues
EBITDA
CAPEX
2013
%
2013
%
2013
Consolidated
15,870
15,843
0%
1,914
1,970
3%
872
1,055
Alpek
7,028
6,500
-8%
573
570
0%
179
300
Nemak
4,391
4,500
2%
610
650
7%
337
375
Sigma
3,820
4,150
9%
524
560
7%
118
145
Alestra
395
430
9%
170
165
-3%
120
100
Newpek
133
160
20%
91
110
21%
113
130
"Although economic conditions remain uncertain, we see year 2014 with optimism. Our businesses will continue to execute their strategy to grow, add more value and increase efficiency, allowing our consolidated results to continue showing positive trends", commented Álvaro Fernández, ALFA's President.
ALFA comprises five business groups: Alpek (petrochemicals), Nemak (high-tech aluminum auto components), Sigma (refrigerated food), Alestra (information technologies and telecommunications), and Newpek (natural gas and hydrocarbons).
ALFA is the largest producer of aluminum engine components for the automotive industry in the world, and one of the world's largest producers of polyester (PTA, PET and fibers). In addition, it leads the Mexican market in petrochemicals such as polypropylene, EPS and caprolactam. It is the leading maker of cold cuts in North America, and of cheeses in Mexico, as well as in the telecom and information technologies (TI) services for the enterprise segment in this country.
In 2013, ALFA reported revenues of Ps. 203,456 million (U.S. $15.87 billion), and EBITDA of Ps. 24,534 million (U.S. $1.91 billion). Currently, ALFA has manufacturing operations in 18 countries and employs 61,058 people. ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.