April 16, 2014 5:14 AM ET

Electrical Equipment

Company Overview of Industrias Unidas, S.A. De C.V.

Company Overview

Industrias Unidas, S.A. De C.V. was founded in 1939 and is based in Jocotitlan, Mexico. Industrias Unidas, S.A. De C.V. is a subsidiary Grupo IUSA, S.A. de C.V.

Boulevard Lopez Portillo 323. Sn Antonio Tecomitl Milpa Alta

Mexico-Queretaro

Mexico, DF 12100

Mexico

Founded in 1939

Phone:

52 55 5671 1952

Key Executives for Industrias Unidas, S.A. De C.V.

Global Support Consultant
Compensation as of Fiscal Year 2013.

Industrias Unidas, S.A. De C.V. Key Developments

Industrias Unidas, S.A. De C.V. Announces Unaudited Consolidated Earnings Results for the Twelve Months Ended December 31, 2013

Industrias Unidas, S.A. De C.V. announced unaudited consolidated earnings results for the twelve months ended December 31, 2013. For the twelve months, the company reported revenues of MXN 11,904.1 million against MXN 12,789.3 million a year ago. Operating income was MXN 298.3 million against MXN 392.2 million a year ago. Consolidated net loss was MXN 88.1 million against MXN 190.5 million a year ago. EBITDA was MXN 695.7 million against MXN 842.9 million a year ago.

Industrias Unidas, S.A. de C.V. Announces Unaudited Earnings Results for the First Nine Months Ended September 30, 2013

Industrias Unidas, S.A. de C.V. announced unaudited earnings results for the first nine months ended September 30, 2013. Revenue was MXN 8,704.2 million, compared to MXN 9,104.9 million for the last year. This decrease was mainly due to a decrease of 7.1% in the copper value (measured by the Comex monthly average) and an appreciation of 4.1% of US dollar versus Mexican peso. Operating loss was MXN 140.8 million, compared to income of MXN 29.6 million for the last year. Consolidated net loss was MXN 324.9 million, compared to MXN 372.9 million for the last year. This decrease is primarily due to an improvement in the margins of several products, driven by market conditions. EBITDA was MXN 423.2 million, compared to MXN 354.5 million for the last year. For the first nine months ended September 30, 2013, the company invested MXN 296.1 million in capital expenditure projects, mainly related to production expansion and maintenance.

Industrias Unidas, S.A. De C.V. Reports Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2013

Industrias Unidas, S.A. De C.V. reported unaudited consolidated earnings results for the six months ended June 30, 2013. For the year, the company’s revenues decreased were MXN 5,508.1 million from MXN 6,051.5 million in the same period of 2012. This decrease was due to lower volume of sales driven by market conditions, a decrease of 6.5 % in the Comex copper value and an appreciation of 5.2% of US dollar versus Mexican peso. Operating loss was MXN 31.4 million compared to MXN 125.5 million a year ago. Consolidated net loss was MXN 333.7 million compared to MXN 371.5 million a year ago. This decrease is primarily due to a strategy to improve margins in several products despite lower volume sales. EBITDA was MXN 176.2 million compared to MXN 132.7 million a year ago. The company invested MXN 676.8 million in capital expenditure projects, mainly related to expansion production and maintenance. The net income decrease is primarily due to a decline in sales reflected in operating income, combined with an increase in comprehensive financing result and other expenses. Interest income was MXN 20.3 million from MXN 19.1 million a year ago. Comprehensive financing result was a cost of MXN 248.2 million in the first six months ended June 30, 2013 and, a cost of MXN 273.3 million in the same period of 2012. Cash flow from operations and operating margins are significantly influenced by world market prices for raw copper.

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