Famsa Mexico Reports Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 23 15
Famsa Mexico reported unaudited earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's net sales were MXN 3,557 million compared to MXN 3,207 million a year ago. Famsa Mexico's Net Sales grew by 10.9%, reflecting the effectiveness of commercial initiatives implemented to stimulate demand for core categories such as Furniture and Home Appliances, which increased year-over-year 18.3% and 13.9% respectively. Similarly, Same Store Sales (SSS) grew 10.0% during the quarter, the increase posted in Mexico over the past two years. This expansion was driven by strong promotional campaigns aimed mainly at enhancing credit sales of durable goods, combined with a macroeconomic recovery. EBITDA was MXN 419 million compared to MXN 341 million a year ago.
For the six months, the company's net sales were MXN 6,590 million compared to MXN 5,980 million a year ago. Same Store Sales grew 9.0%.
EBITDA was MXN 811 million compared to MXN 663 million a year ago.
Grupo Famsa S.A.B. de C.V. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 23 15
Grupo Famsa S.A.B. de C.V. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company's total revenues were MXN 4,104,262,000 compared to MXN 3,656,938,000 a year ago. This increase largely reflects the gradual recovery of operations in Mexico, supported by diverse advertising campaigns, especially for Mother's Day and Father's Day. Same Store Sales (SSS) grew 8.8% during the period of April to June 2015 compared to the second quarter of the previous year. Operating profit was MXN 352,952,000 compared to MXN 278,652,000 a year ago. Profit before income tax was MXN 103,709,000 compared to MXN 106,229,000 a year ago. Net income was MXN 120,799,000 compared to MXN 42,692,000 a year ago. Net income attributable to controlling interest was MXN 119,390,000 compared to MXN 42,450,000 a year ago, largely reflecting the increase in sales volume in second quarter 2015 which in turn raised operating leverage. EBITDA grew 24.3% year-over-year to MXN 461 million mainly due to sales increase registered during the period driven by efficient promotional campaigns and a macroeconomic recovery. Net Debt was MXN 6,829 million.
For the six months, the company's total revenues were MXN 7,634,464,000 compared to MXN 6,866,091,000 a year ago. Same Store Sales (SSS) grew 8.0% during the first half of 2015 compared to the first six months of 2014. Operating profit was MXN 653,445,000 compared to MXN 529,681,000 a year ago. Profit before income tax was MXN 132,832,000 compared to MXN 175,726,000 a year ago. Net income was MXN 214,251,000 compared to MXN 227,559,000 a year ago. Net income attributable to controlling interest was MXN 212,085,000 compared to MXN 226,734,000 a year ago, largely due to the impact of the foreign exchange loss registered during the period of MXN 181 million. Net cash flows used in operating activities was MXN 159,797,000 compared to net cash flows from operating activities of MXN 428,472,000 a year ago. Acquisition of property, leasehold improvements, furniture and equipment was MXN 117,027,000 compared to MXN 70,556,000 a year ago. Acquisition of intangible assets was MXN 2,176,000 compared to MXN 24,039,000 a year ago. The accumulated consolidated EBITDA increased 23.3% year-over-year to MXN 882 million.
Famsa Mexico Reports Unaudited Earnings Results for the First Quarter Ended March 31, 2015
Apr 23 15
Famsa Mexico reported unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of MXN 3,032 million against MXN 2,773 million a year ago. EBITDA was MXN 392 million against MXN 322 million a year ago. Net sales in Mexico rose 9.4% during the period, reflecting significant progress in the main categories of durable goods. The Same Store Sales (SSS) of Famsa Mexico rose 7.5% for the period of January to March 2015.