CHIHUAHUA, México,
Q3 2022 Highlights
- Net sales increased 21.8%.
- Volume sales increased 13.5%.
- Operating income increased 15.6% and EBITDA increased 15.9%.
- Investments during the year of more than MXN
$2,373 million (US$ 117.5 million ). - The Real Estate Division increased revenues 62.6%.
- The Financial Division increased revenues by 60%.
The company presented a 21.8% increase in revenues in the third quarter of 2022 compared to the same period in 2021, reaching
On the other hand, the real estate division of the group, represented by Fibra Nova (BMV: FNOVA17), presented an increase of 62.6% in revenues in the third quarter compared to the same period of 2021, mainly caused by the expansion in the leases of industrial buildings in the north of the country.
Likewise, the financial division increased its income by 60.0% in this same period, derived from the increase in the placement of business loans and the increase in reference rates.
The current results are accompanied by cash flows that allowed for investments of more than
Consolidated Results | MXN | USD | Var % | ||||
In thousands | IIIQ21 | IIIQ22 | IIIQ21 | IIIQ22 | |||
5,027,214 | 6,121,546 | 248,962 | 303,156 | 21.8% | |||
Operating Income | 489,995 | 566,213 | 24,266 | 28,040 | 15.6% | ||
Operating Margin | 9.7% | 9.2% | 9.7% | 9.2% | |||
EBITDA | 618,553 | 716,971 | 30,633 | 35,506 | 15.9% | ||
EBITDA Margin | 12.3% | 11.7% | 12.3% | 11.7% | |||
Net Income | 155,464 | 250,632 | 7,699 | 12,412 | 61.2% | ||
3.1% | 4.1% | 3.1% | 4.1% |
Exchange rate of $20.1927 per USD
Grupo Bafar also reported out for its efforts in environmental, social, and corporate governance (ESG) matters. Regarding social participation, “Fundación Grupo Bafar” reported that since its foundation, it has supported more than 23,000 children through the Social Sports Schools, in a collaborative agreement with the
For more information, contact:
Luis Carlos Piñón Reza
lpinon@bafar.com.mx
Forward looking statements
The information contained in this report may include certain statements with regarding the expected financial and operating performance of Grupo Bafar, which are based on financial information, operating levels and market conditions prevailing at date, as well as estimates by the company's management in relation to possible future events. The financial information presented has not been audited.
Source:
2022 GlobeNewswire, Inc., source