February 26, 2017 10:59 AM ET

Industrial Conglomerates

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

Company Overview

Grupo Carso, S.A.B. de C.V., together with its subsidiaries, operates in the retail, industrial, infrastructure and construction, and energy sectors. The company operates department stores, boutiques, gift shops, record stores, restaurants, cafeterias, and electronic and multimedia stores, as well as manages shopping malls primarily through the Sanborns, Sears, Saks Fifth Avenue, Mix-up, and iShop commercial brands. It serves middle, middle-high, and high-income consumers through 431 units and approximately 1 million 115 thousand square meters of retail area. The company also manufactures and sells cable products for use in the construction, automotive, energy, and telecommunications industr...

Plaza Carso

Frisco Building, 6th Floor

Lago Zurich 245

Ampliación Granada

Mexico City, DF 11529

Mexico

74,343 Employees

Phone:

52 5 328 5800

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

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

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

Grupo Carso Consortium Wins Contract to Build Terminal Building of NAICM

The Grupo Carso consortium, which includes FCC and other companies in the sector, has won a contract to build the terminal building of the New International Airport for Mexico City, or NAICM. In conjunction with the Mexico City Airport Group, belonging to the Secretary of Communications and Transport of the Mexican Government, the Grupo Carso consortium, which includes FCC and other companies in the sector, has signed the contract to build the terminal building of the New International Airport for Mexico City (NAICM), which was awarded on 6 January of this year. The contract is worth MXN 84.8 billion (USD 4.2 billion /EUR 3.925 billion) and will have a 44 month completion deadline. The signatory consortium was awarded the contract after submitting the best economic and technical bid for the project. The new airport, which will be built on land located in the Federal Zone of Lake Texcoco, will be the world's second most important under construction. The contract award is for the construction of a building with an area of 743,000 square metres over four floors on a plot of land measuring 4, 430 hectares.

Grupo Carso-Led Consortium Wins Contract to Build Mexico City Airport

An investor group led by Grupo Carso has been awarded a MXN 84.8 billion government contract to construct the terminal building of Mexico City Airport. The winning offer came from a consortium which includes Fomento de Construcciones y Contratas, or FCC, and Acciona as well as Cicsa, Gia+A, Prodemex and an arm of Mexico's Grupo Hermes. FCC said in a statement that the investor group will have a 44-month deadline to complete the contract. The building works related to the project will create some 160,000 job positions. Once the airport becomes operational, its staff will number around 450,000 people.

Carso Energy Reports Earnings Results for the Third Quarter and Nine Months Ended Sep. 30, 2016

Carso Energy reported earnings results for the third quarter and nine months ended Sep. 30, 2016. For the quarter, the company reported sales of MXN 192.3 million compared to MXN 130.4 million a year ago. Operating income was MXN 62.7 million compared to loss of MXN 349.6 million a year ago. EBITDA was MXN 113.7 million compared to MXN 34.2 million a year ago. Controlling net income was MXN 27.4 million compared to controlling net loss of MXN 316.1 million a year ago. For nine months, the company reported sales of MXN 594.1 million compared to MXN 570.6 million a year ago. Operating income was MXN 200.3 million MXN 206.9 million a year ago. EBITDA was MXN 353.3 million compared to MXN 278.7 million a year ago. Controlling net income was MXN 84.5 million compared to controlling net loss of MXN 234.7 million a year ago.

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