Ceramic Industry News

Vitro Reports 26.7% Increase in EBITDA for Second Quarter

Vitro S.A.B. de C.V. has announced unaudited second quarter 2010 results. Year-over-year consolidated net sales were $474 million, compared to $464 million for the same quarter last year. A 4.1% peso appreciation during last 12 months helped contribute to the 2.2% net sales increase. Consolidated EBITDA increased 26.7% year-over-year, while the consolidated EBITDA margin increased to 15.3%, from 12.4% in the same period last year.

“While performance continued to benefit from the peso appreciation, the results in each business unit reflect the varying stages of a slow economic recovery in specific markets, the effect of changes in demand on volumes as well as the impact of the steps Vitro has taken over the past year to improve profitability and service its clients,” said Hugo Lara, Vitro CEO.

”Domestic Glass Containers sales volumes declined by 3% year-over-year, driven by lower demand in the beer and, to a lesser extent, the food segment. A weaker overall product mix also affected sales. We continued to defend our market share at the expense of price and margin erosion as excess capacity in local markets increased competition.

“Export volumes for Glass Containers fell by 1%, primarily driven by lower demand in the Wine and Liquor segment. In the Flat Glass business unit, domestic and export sales volumes for both construction and auto glass rose, although foreign subsidiary sales fell 25%, reflecting the weak Spanish and U.S. construction markets."

For more information, visit www.vitro.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

2015 Ceramics Expo

Snapshots from the 2015 Ceramics Expo, April 28-30, Cleveland, Ohio. Posted: May 14, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI May 2015 cover

2015 May

Our May issue covers bulk batching, pneumatic conveyors, high-temperature furnaces and more! Be sure to check it out today.

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!