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February 11, 2016 3:17 PM ET

Multiline Retail

Company Overview of Grupo Sanborns, S.A.B. de C.V.

Company Overview

Grupo Sanborns, S.A.B. de C.V. operates retail stores and restaurants. The company operates department, specialty, electronic and entertainment, convenience, and luxury stores; fashion boutiques; and a chain of industrial cafeterias, as well as coffee shops. It also operates a network for the sale of recorded music and videos, as well as gift, computer, and record stores; distributes and sells Apple products, cosmetics, and perfumes; manages and leases shopping malls; and generates and supplies electricity. The company operates its stores under the brand names of Sears, Sanborns, iShop-MixUp, EduMac, Dax, Sanborns Café, and Saks Fifth Avenue. As of March 31, 2015, it operated 419 units in Me...

Presa Falcón Building

7th Floor

Plaza Carso, Lago Zurich No. 245

Ampliación Granada

Mexico City, DF 11529

Mexico

Founded in 1928

47,415 Employees

Key Executives for Grupo Sanborns, S.A.B. de C.V.

Grupo Sanborns, S.A.B. de C.V. does not have any Key Executives recorded.

Grupo Sanborns, S.A.B. de C.V. Key Developments

Grupo Sanborns, S.A.B. de C.V. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2015

Grupo Sanborns, S.A.B. de C.V. reported consolidated earnings results for the third quarter and nine months ended September 30, 2015. For the quarter, total revenue was MXN 9,953 million against MXN 9,028 million a year ago. Operating income was MXN 887 million against MXN 755 million a year ago. Income before taxes was MXN 894 million against MXN 797 million a year ago. Profit attributable to owners of parent company was MXN 557 million against MXN 527 million a year ago. EBITDA was MXN 1,121 million against MXN 967 million a year ago. For the nine months, total revenue was MXN 30,125 million against MXN 27,537 million a year ago. Operating income was MXN 2,851 million against MXN 2,539 million a year ago. Income before taxes was MXN 2,902 million against MXN 2,676 million a year ago. Profit attributable to owners of parent company was MXN 1,766 million against MXN 1,650 million a year ago. EBITDA was MXN 3,539 million against MXN 3,146 million a year ago. The company has no debt at September 30, 2015. Since a portion of the investments of the new stores that opened in 2015 were made in 2014, CapEx decreased 6.0% during the first nine months of the year, totaling MXN 1,623 million compared with investments of MXN 1,727 billion during the same period of last year.

Grupo Sanborns, S.A.B. de C.V. Presents at Credit Suisse 9th Annual Mid-Summer LatAm Conference, Aug-05-2015

Grupo Sanborns, S.A.B. de C.V. Presents at Credit Suisse 9th Annual Mid-Summer LatAm Conference, Aug-05-2015 . Venue: Omni Berkshire Place Hotel, 21 East 52nd Street at Madison Avenue, New York, NY 10022, United States.

Grupo Sanborns, S.A.B. de C.V. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Capital Expenditure Guidance for the Year 2015

Grupo Sanborns, S.A.B. de C.V. reported consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported sales of MXN 10,245.4 million compared to MXN 9,484.9 million a year ago. Operating income was MXN 1,076.5 million compared to MXN 943.6 million a year ago. Controlling net income was MXN 651.4 million compared to MXN 573.9 million a year ago. EBITDA was MXN 1,306.9 million compared to MXN 1,147.9 million a year ago. Income before taxes was MXN 1,100 million against MXN 992 million a year ago. Consolidated net income was MXN 727 million against MXN 628 million a year ago. Profit attributable to owners of parent company was MXN 651 million against MXN 574 million a year ago. For six months, the company reported sales of MXN 20,172.1 million compared to MXN 18,509.0 million a year ago. Operating income was MXN 1,964.2 million compared to MXN 1,783.4 million a year ago. Controlling net income was MXN 1,209.2 million compared to MXN 1,123.0 million a year ago. EBITDA was MXN 2,418.6 million compared to MXN 2,179.1 million a year ago. Income before taxes was MXN 2,009 million against MXN 1,879 million a year ago. Consolidated net income was MXN 1,357 million against MXN 1,224 million a year ago. During the second quarter, capital expenditures increased 32.2%, reaching MXN 976 million compared to MXN 738 million during the same period of the previous year. Profit attributable to owners of parent company was MXN 1,209 million against MXN 1,123 million a year ago. Estimated CapEx for 2015 is around MXN 2,950 million for 11 new stores and 15 renovations of the 3 main formats.

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