Q1 2020 Grupo Carso SAB de CV Earnings Call Transcript

Feb 13, 2024

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Apr 24, 2020 / 03:00PM GMT
Operator

Good morning, everyone, and welcome to the conference call to discuss the first quarter 2020 results of Grupo Carso. Before we begin, I would like to remind you that this call is being recorded, and that information discussed today may include forward-looking statements regarding the company's financial and operating performance. All projections are subject to risks and uncertainties, and actual results may differ materially.

Hosting this conference today, we have Mr. Arturo SpÃnola, CFO of Condumex and Carso Infraestructura y ConstrucciÃ³n and Ms. Angelica PiÃ±a of Investor Relations. I will now turn the call over to Ms. Angelica PiÃ±a. Please go ahead.

Angelica PiÃ±a Garnica - Grupo Carso, S.A.B. de C.V. - Head of IR

Thank you. Good morning, everyone. Consolidated sales of Grupo Carso grew 5.2%, totaling MXN 24 billion. Carso Infraestructura y ConstrucciÃ³n was the main driver, posting a 26.2% increase, due to more pipeline installations for telecom and gas in Mexico and LatAm, higher drilling works on geothermal and oil wells and

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