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July 01, 2015 1:54 PM 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 Fourth Quarter and Full Year Ended December 31, 2014

Grupo Carso S.A.B. de C.V. announced consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of MXN 24,856.6 million against MXN 24,740.9 million a year ago. Operating income was MXN 3,183.9 million against MXN 2,447.3 million a year ago. EBITDA was MXN 3,396.2 million against MXN 2,668.4 million a year ago. Controlling net income was MXN 1,288.6 million against MXN 1,929.4 million a year ago. For the year, the company reported revenues of MXN 82,387.9 million against MXN 85,870.5 million a year ago. Operating income was MXN 9,089.5 million against MXN 17,277.3 million a year ago. EBITDA was MXN 10,606.0 million against MXN 18,699.4 million a year ago. Controlling net income was MXN 5,685.0 million against MXN 13,929.5 million a year ago. In cumulative terms operating income declined 47.4%, mainly due to the recording of a MXN 7,589 MM profit in 2013 related to the sale of the 20% equity stake in Philip Morris Mexico (PMM). In cumulative terms controlling net income being 59.2% lower than recorded in 2013. This result was explained as previously commented, by the profit from the sale of the 20% equity stake in PMM, and by the variation in the CFC.

Grupo Carso, S.A.B. de C.V. to Report Q4, 2014 Results on Feb 16, 2015

Grupo Carso, S.A.B. de C.V. announced that they will report Q4, 2014 results at 3:00 PM, Pacific Standard Time on Feb 16, 2015

Grupo Carso, S.A.B. de C.V., Q4 2014 Earnings Call, Feb 26, 2015

Grupo Carso, S.A.B. de C.V., Q4 2014 Earnings Call, Feb 26, 2015

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