January 31, 2015 7:31 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, and infrastructure and construction sectors. The company operates department stores, boutiques, gift shops, record stores, electronics and entertainment stores, restaurants, and cafeterias, as well as manages shopping malls under the Sanborns, Sears, Saks Fifth Avenue, Mix-up and iShop brands. It operates 423 units and approximately 1 million square meters of sales area. The company also manufactures and sells cable products for use in the construction, automotive, energy, and telecommunications industries; copper and aluminum products; and bicycles and candies, as well as offers automotive parts...

Lago Zurich 245

Sixth Floor

Colonia Ampliación Granada

Mexico City, DF 11529

Mexico

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, S.A.B. De C.V. Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Grupo Carso, S.A.B. de C.V. announced consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue of MXN 19,521.9 million against MXN 20,892.4 million a year ago. Operating income was MXN 1,927.3 million against MXN 10,561.4 million a year ago. EBITDA was MXN 2,370.7 million against MXN 11,006.1 million a year ago. Controlling net income was MXN 1,432.7 million against MXN 8,694.0 million a year ago. For the nine months, the company reported revenue of MXN 57,676.0 million against MXN 61,129.6 million a year ago. Operating income was MXN 5,905.6 million against MXN 14,830.0 million a year ago. EBITDA was MXN 7,209.8 million against MXN 16,031.0 million a year ago. Controlling net income was MXN 4,396.3 million against MXN 12,000.0 million a year ago. Net debt was negative by MXN 5,198 million, compared to a negative net debt of MXN 1,671 million at December 31, 2013.

Grupo Carso, S.A.B. de C.V., Q3 2014 Earnings Call, Oct 24, 2014

Grupo Carso, S.A.B. de C.V., Q3 2014 Earnings Call, Oct 24, 2014

Grupo Carso, S.A.B. de C.V.(BMV:GCARSO A1) added to Mexico IPC Index

Grupo Carso, S.A.B. de C.V. will be added to the Mexico IPC Index.

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