vitro s.a.b.-series a (VITROA) Snapshot

Vitro is to invest MXN 1.777 billion (EUR 111.19 million; USD 146.40 million) to increase capacity for glass container making and the production of automotive glass.

Vitro, S.A.B. de C.V. reported earnings results for the first quarter of 2013. Vitro's consolidated sales fell by 4.9% in the first quarter of 2013 when compared to the same period of 2012. Whilst flat glass sales fell, glass packaging sold high volumes. Its glass packaging business grew at a rate of 15%. Vitro has put the results down to more competition and the price of imports. The company's net consolidated debt fell by 8.4% to USD 934 million (EUR 713.12 million), as part of its restructuring process. Operating profits stayed at USD 92 million.

Vitro, S.A.B. de C.V. announced earnings results for the year 2012. For the period, the company reported net profits of USD 208 million (EUR 160.16 million) compares to USD 11 million reported a year earlier. Consolidated sales rise by 8.8% and by 4.4% during its 2012 fiscal year, bolstered by a stable performance in the domestic market for flat glass and solid volume sales in its glass packaging division. The company also benefited from the appreciation of the local currency against the US dollar. Net consolidated debt fell by 23.1%, to stand at USD 944 million, as part of its restructuring process.