Apr 25, 2023 / 02:00PM GMT
Norma Angelica Pina Garnica - Grupo Carso, S.A.B. de C.V. - Head of IR
Good morning, everyone, and welcome to this webinar to discuss the results of the first quarter 2023 of Grupo Carso.
Before we begin, I would like to remind you that this event is being recorded and that information discussed today...
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Consolidated sales of Grupo Carso improved 41.9%, totaling MXN 49 billion. Grupo Sanborns went up 21.9% with sales improving at the department stores and restaurants. Condumex grew 1.7% related to higher volumes in harnesses and cables. Carso Infraestructura y Construcción posted a 42.9% increase due to the progress in telecommunication and infrastructure projects and higher oil drilling activities.
Carso Energy reduced 13.2% due to ForEx variations. Elementia decreased 7.1% this quarter coming from lower demand in Construsistemas. Excluding Elementia, total sales increased 18%, totaling MXN 14.7 billion.
Consolidated operating income increased from MXN 3.8 billion to MXN 6.1 billion, while EBITDA went up 58.6% with lower
Q1 2023 Grupo Carso SAB de CV Earnings Call Transcript
Feb 13, 2024
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