Monterrey, Mexico. February 15, 2017. - ALFA, S.A.B. de C.V. (ALFA), a leading Mexican industrial company, announced today its 2017 guidance. The information follows:
ALFA Guidance 2017
(U.S. $ Millions)
Revenues
EBITDA
Capex
2016
2017e
2106
2017e
2016
2017e
ALFA y Subs
15,756
16,245
2,322
2,161
1,454
1,098
Sigma
5,698
5,893
663
671
328
227
Alpek
4,838
5,069
669
502
320
238
Nemak
4,257
4,382
798
802
541
430
Axtel
736
738
225
232
210
176
Newpek
107
55
9
7
25
24
ALFA's 2017 guidance has been prepared under the following assumptions:
Macroeconomics:
Mx GDP growth: 1.4%
USA GDP growth: 1.5%
Avg. exchange rate Mx Peso to US$: $21.50
Avg. exchange rate Euro to US$: $1.10
Avg. oil price (Brent): US$5/barrel
About ALFA
ALFA is a holding company that manages a portfolio of diversified subsidiaries: Sigma, a significant producer, marketer and distributor of foods under recognized brands in Mexico, the United States, Europe and Latin America; Alpek, one of the world's largest producers of polyester (PTA, PET and fibers), which is also a market leader in the Mexican market for polypropylene, expandable polystyrene (EPS) and caprolactam; Nemak, a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of Information Technology and Communication services for the enterprise, government and residential markets, through its Alestra and Axtel brands; and, Newpek, an oil and gas exploration and production company with operations in Mexico and the United States. In 2016, ALFA reported revenues of Ps. 293,782 million (U.S. $15.8 billion), and EBITDA of Ps. 43,254 million (U.S. $2.3 billion). ALFA's shares are quoted on the Mexican Stock Exchange
Alfa SAB de CV published this content on 15 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 February 2017 18:50:08 UTC.
Original documenthttp://www.alfa.com.mx/SP/press.htm?md=febrero15&y=2017
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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.