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Home » Vitro Anticipates Preliminary FY 2000 Figures
Ceramic Industry News

Vitro Anticipates Preliminary FY 2000 Figures

January 29, 2001
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Vitro, S.A. de C.V. has announced unaudited preliminary figures for the twelve-month period ended December 31, 2000. Consolidated net sales for fiscal 2000 were Ps$27,999 million, flat when compared with Ps$27,906 million for 1999.In U.S. dollars, consolidated net sales for the period rose by 8.7% to US$2,857million. Main drivers of sales were within the businesses of flat glass, Acros-Whirlpool and Crisa. For the year, the company posted consolidated EBIT of Ps$3,393 million and EBITDA of Ps$5,476 million, representing a 19.2% and 13.3% decline, respectively. In U.S. dollars, consolidated EBIT and EBITDA for fiscal 2000 were US$345 million and US$557 million, respectively, a decline of 11.5% and 4.8% when compared with the previous year. External factors such as the increase in energy costs and the strengthening of the peso during 2000 contributed to the decline in operating and EBITDA margins.

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