Vitro: 1Q“09 declines in sales and EBITDA

Vitro S.A.B. de C.V., one of the world“s largest manufacturers and distributors of glass products, announced 1Q“09 unaudited results on 1 May 2009. Year over year consolidated net sales declined 34….

Vitro S.A.B. de C.V., one of the world“s largest manufacturers and distributors of glass products, announced 1Q“09 unaudited results on 1 May 2009. Year over year consolidated net sales declined 34.5% affected by a 34.0% depreciation of the peso during the last 12 months, decreased volumes and the deconsolidation of Comegua – the company“s glass container subsidiary in Central America. Consolidated EBITDA dropped 34.3% YoY while the consolidated EBITDA margin increased to 12.7% from 12.6% during the same period in 2008. On a comparable basis, excluding Comegua, consolidated net sales during 1Q“09 decreased 28.8% YoY while EBITDA dropped 28.3% during the same period.