Grupo Famsa, S.A.B. de C.V. reported preliminary unaudited consolidated earnings results for the fourth quarter and full year of 2017. For the quarter, the company reported total revenue of MXN 5,614,366,000 compared to MXN 5,267,537,000 a year ago. Operating profit was MXN 373,889,000 compared to MXN 86,481,000 a year ago. Loss before income tax was MXN 128,412,000 compared to MXN 275,403,000 a year ago. Consolidated net loss was MXN 533,579,000 compared to MXN 99,053,000 a year ago. Net debt at quarter-end, excluding Bank Deposits, amounted to MXN 7,383 million, a 13.1% decrease when compared to the MXN 8,497 million in fourth quarter 2016. EBITDA was MXN 471 million compared to MXN 184 million a year ago.

For the year, the company reported total revenue of MXN 18,117,181,000 compared to MXN 17,543,729,000 a year ago. Operating profit was MXN 1,215,516,000 compared to MXN 994,248,000 a year ago. Profit before income tax was MXN 55,456,000 compared to loss before income tax of MXN 100,627,000 a year ago. Consolidated net income was MXN 187,690,000 compared to MXN 346,074,000 a year ago. Net cash flows from operating activities was MXN 1,230,505,000 compared to MXN 420,367,000 a year ago. Acquisition of property, leasehold improvements, furniture and equipment was MXN 97,265,000 compared to MXN 150,313,000 a year ago. Acquisition of intangible assets was MXN 10,500,000 compared to MXN 19,522,000 a year ago. EBITDA was MXN 1,628 million compared to MXN 1,411 million a year ago.

For the year 2018, consolidated net sales are expected to be MXN 19,839 million to MXN 20,004 million. Consolidated EBITDA is expected to be MXN 1,850 million to MXN 1,950 million. EBITDA Margin is expected to be 9.3% to 9.7%.