{"id":479188,"date":"2021-04-20T16:36:00","date_gmt":"2021-04-20T20:36:00","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/alfa-reports-1q21-ebitda-of-us-535-million-second-highest-quarterly-figure-in-our-history\/"},"modified":"2021-04-20T16:36:00","modified_gmt":"2021-04-20T20:36:00","slug":"alfa-reports-1q21-ebitda-of-us-535-million-second-highest-quarterly-figure-in-our-history","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/alfa-reports-1q21-ebitda-of-us-535-million-second-highest-quarterly-figure-in-our-history\/","title":{"rendered":"ALFA reports 1Q21 EBITDA of US $535 million; second highest quarterly figure in our history"},"content":{"rendered":"
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– 2021 EBITDA Guidance revised up 13% to US $1.637 billion<\/h2>\n

– Sigma’s 1Q21 EBITDA up 7%, reaching its highest first quarter margin since 2016<\/h2>\n

– Alpek’s EBITDA reached US $324 million due to record volume and higher than expected margins<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n MONTERREY, Mexico<\/span>, April 20, 2021<\/span> \/PRNewswire\/ —\u00a0ALFA, S.A.B. de C.V. (BMV: ALFAA) (ALFA), manages a diversified portfolio of subsidiaries with global operations announced today its unaudited results for the first quarter of 2021 (“1Q21”). All figures have been prepared in accordance with International Financial Reporting Standards (“IFRS”).<\/p>\n

\n 1Q21\u00a0HIGHLIGHTS<\/b>\n <\/p>\n

\n\n\n\n\n\n
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\n ALFA<\/span>\n <\/p>\n<\/td>\n

\n
    \n
  • \n 2021 EBITDA Guidance revised up 13% to US $1.637 billion due to stronger Alpek outlook<\/span>\n <\/li>\n
  • \n Obtained approval to expand ALFA’s foreign neutral investment trust from 50% to 75%. New limit expected to be enacted shortly as other required approvals are underway<\/span>\n <\/li>\n
  • \n Leverage ratio (Net Debt \/ EBITDA) of 2.9x; below 3.0x for the first time since the beginning of the pandemic<\/span>\n <\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

\n Sigma<\/span>\n <\/p>\n<\/td>\n

\n
    \n
  • \n EBITDA up 7% y-o-y driven by growth in Europe (+51%), Latam (+13%) and Mexico (+3%)<\/span>\n <\/li>\n
  • \n Foodservice channel recovery trend accelerated in March amid increased mobility<\/span>\n <\/li>\n
  • \n Launched second generation call-out to startups via “Tastech” program. Invested in a minority stake in Latam startup selected among first generation participants<\/span>\n <\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
\n

\n Alpek<\/span>\n <\/p>\n<\/td>\n

\n
    \n
  • \n 1Q21 Comparable EBITDA of US $203 million (+38% y-o-y), driven primarily by strong volume and higher than expected reference margins<\/span>\n <\/li>\n
  • \n 2021 EBITDA Guidance revised up 34% to US $750 million based on strong 1Q21 results and improved outlook<\/span>\n <\/li>\n
  • \n Announced JV to develop CO2 capture & liquefaction facility in Mexico; first carbon negative asset<\/span>\n <\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
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\n Axtel<\/span>\n <\/p>\n<\/td>\n

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