Vitro reports 4Q and FY 2013 unaudited results

  Company financial news

Vitro has reported its unaudited results for the fourth quarter 2013 and fiscal year 2013, also concluding the insolvency process started on 17 November 2010 without affecting its customers.

Vitro reports 4Q and FY 2013 unaudited results
Vitro, S.A.B. de C.V., the leading glass producer in Mexico, has announced its unaudited results for the fourth quarter 2013 and fiscal year 2013. 
Fourth Quarter 2013 highlights include a solid performance across Glass Containers segments and Flat Glass exports to US, partially offset a Consolidated Net sales decline of 7.5%, derived from expected lower sales volumes in the Automotive and Beer segments at Flat Glass and Glass Containers. 
Consolidated EBITDA reached USD 56 million, down 3.8% YoY, impacted by lower sales, increasing gas prices and certain non-operating effects. Despite higher natural gas prices, FY 2013 EBITDA increased 4.3%, YoY, to USD 355 million, driven by cost reduction efforts, stable price mix and lower restructuring expenses. 
FY2013 Free Cash Flow before Capital Expenditures increased to USD 268 million, from USD 180 million in FY2012, boosted by a USD 20 million Working Capital Recovery, compared to a USD 48 million investment during the previous year. Incremental cash flow was used to fund Vitro’s Capital Expenditure of USD 139 million for FY2013. 
Commenting on Vitro’s outlook and performance, Adrián Sada Cueva, Chief Executive Officer, said “This was a challenging year for Vitro, given the expected reduction of sales in the Automotive and Beer segments, however, our continued efforts in new client and product development allowed us to partially offset the market weakness. Further capitalizing on our existing growth opportunities, this year we regai...
24.208 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 577 
latest Order by:

All GlassOnline News


2016-04-29 |  Company financial news
A dividend of EUR 0.85 per share was approved at the Annual General Meeting of Gerresheimer AG held in Duesseldorf on...


2016-04-29 |  Company news
Glaston has announced changes to its executive management group as follows.


2016-04-29 |  Events
The positive atmosphere in the glass industry is reflected by exhibitors’ strong demand for stand bookings at this y...


2016-04-29 |  Company financial news
Pierre-André de Chalendar, Chairman and Chief Executive Officer of Saint-Gobain, commented on the figures, saying that ...


2016-04-29 |  Company financial news
Glaston has released its interim report for the period 1 January – 31 March 2016.


2016-04-29 |  Markets & trends
The analysts at Research and Markets forecast the global ampoules packaging market to grow at a CAGR of 8.72% during...


2016-04-29 |  Company news, the new Bavelloni SpA web site is now online. Easy-to-navigate, accessible on PC, tablet and smartphone,...


2016-04-28 |  Glazing / Insulating Glass
Pilkington Pyrostop® glasses produced in 1981 have been tested by an independent body to verify their fire resistance ...


2016-04-28 |  Industry update
The Senate has approved a comprehensive energy bill that includes an amendment directing the Federal Housing ...

2016-04-28 |  Events
The Dream Showroom returns to WDDA's Window & Door Dealer Days at GlassBuild America in 2016, providing a unique venue...

2016-04-28 |  Tempering technology
For Essex based specialist glass processor Express Toughening the product quality and excellent support services from...


2016-04-28 |  Events
Keraglass will participate in Cuba Glass in December 2016 in Havana.


2016-04-27 |  Company news
Britain’s milk deliverers and their customers have been boosted by Müller Milk & Ingredients’ proposal to reverse the pl...


2016-04-27 |  Company financial news
Ball Corporation has announced it and Rexam PLC have entered into an agreement with Ardagh Group to sell select metal...


2016-04-27 |  Company financial news
Piramal Glass Ceylon PLC (PGC) has recorded its highest ever annual turnover of Rs. 6,755 mn and a profit after tax...


2016-04-27 |  Markets & trends
The global production of glass containers in 2015 was 50.63 MMT and is estimated to reach 65.42MMT by 2022,at a CAGR of...


2016-04-27 |  Events
Thermoseal Group introduced its highest performance, passive house approved warm edge spacers and award winning product...


2016-04-27 |  Events
Their experience in the Spanish, Portuguese and Latin American markets will support the success of the event.


2016-04-26 |  Industry update
During the recent International Code Council (ICC) 2016 Committee Action Hearings decisions were made on some notable...


2016-04-26 |  Company news
Associated Materials, manufacturer of Alside, Gentek, Revere and Preservation windows, has announced that its Central...

2016-04-26 |  Company news
AmesburyTruth has invested in a new facility in Sioux Falls, S.D.


2016-04-26 |  Events
Corning Museum of Glass is holding a free MakerSpace for children and families during spring break, April 23-30.


2016-04-26 |  Ecology
The American Institute of Architects (AIA) and its Committee on the Environment (COTE) have selected the top ten...


2016-04-25 |  Markets & trends
This latest report from Research and Markets forecasts the glass packaging market in North America to grow at a CAGR of...


2016-04-25 |  Company financial news
The Board of Directors of Apogee Enterprises, Inc. (Nasdaq:APOG) announced it has declared a quarterly cash dividend of...


2016-04-25 |  Company news
17 skyscrapers going up in New York are being fitted with solar protection glass supplied by AGC Interpane.


2016-04-25 |  Company news
PPG has announced that it is adding SageGlass®, a Minnesota-based manufacturer of the world’s smartest electrochromic gl...


2016-04-22 |  Events
TK will display its technology focused on the production of tempering and laminating ovens at Cuba Glass 2016.

2016-04-22 |  Company financial news
Şişecam Group reported consolidated net sales of TL 7.4 billion and a net profit of TL 805 million for the full-year 2...


2016-04-22 |  Company news
Edgetech UK, the leading voice for energy efficient glazing, has been shortlisted for another Insider Made in the...

2016-04-22 |  Industry update
The NGA is now offering convenient access to the OSHA 10-Hour and OSHA 30-Hour online training courses hosted by the...


2016-04-22 |  Company financial news
Net sales registered by Vidrala during the first three months of 2016 amounted to EUR 182.8 million, which represents...


2016-04-22 |  Events
2016 is the 25th anniversary of the International Window Film Association and also the third annual National Window...


2016-04-22 |  Events
The twin trade fair Fensterbau Frontale and Holz-Handwerk confirmed its leading position among participating industries...


2016-04-21 |  Company financial news
Glaston Corporation will publish its January–March 2016 Interim Report on Thursday, April 28th 2016 at 13.00.


2016-04-21 |  Company news
Pierre-André de Chalendar, President and CEO of Saint-Gobain Group has confirmed to Mauricio Macri, President of ...


2016-04-21 |  Events
“The best show in years.” That was the verdict on FIT Show 2016 by Edgetech UK and visitors alike.


2016-04-21 |  Decoration
Corning Incorporated has announced the commercial availability of a new extension to its portfolio of market-leading...

2016-04-21 |  Events
President of the Russian Union of Builders Vladimir Yakovlev addressed the participants in Mir Stekla 2016.

2016-04-20 |  Events
A+W is one of the most important companies for software in the flat glass industry as well as the windows and doors...

2016-04-20 |  Company news
In response to changes it is seeing in both the IG market and the wider construction sector Kommerling UK has announced...


2016-04-20 |  Industry update
The European Container Glass Federation (FEVE) has published the industry’s position on the European Commission’s Cir...

24.208 Total news items since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 577 

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
Glass Machinery Plants & Accessories
World Glass Directory
Flat Glass World Directory
Return to top

Powered by GlassOnline Logo

Copyright © Smartenergy S.r.l. 1996-2016 - All rights reserved

Smartenergy S.r.l. - - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2022277 | Share capital: € 10,000 | P.IVA/VAT No.: IT 08386450962