Vitro Anticipates Preliminary FY 2000 Figures
January 29, 2001
No Comments
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.