CHIHUAHUA, México,
FY 2022 HIGHLIGHTS
- Net sales increased 19.9%.
- Volume sales increased 11.4%.
- EBITDA increased 13.1%.
- Investments during the year of more than MXN
$3,470 million (US$179 million ) - Revenues from the real estate division increased by 45.6%, characterized by being a historic year as it surpassed the
one billion pesos mark in revenues. - Issue of credit in the financial division continues to rise. In 2022, the issue of credit registered 5 years ago was doubled and an increase of 49.5% in revenue was recorded.
Revenues for the full year amounted MXN
For the real estate division, represented by FIBRA NOVA (BMV: FNOVA17), 2022 was a historic year as it surpassed the
The financial division increased its income by 49.5%, derived from the growth in the issue of business loans and the increase in reference rates. The issue of credit continues with an upward trend; At the end of the year, total credit issued was located at MXN
The current results are accompanied by a solid financial position and a flow generation capacity that allowed investments of more than MXN
Consolidated Results | MXN | USD | Var % | ||||
In thousands | 2021 | 2022 | 2021 | 2022 | |||
20,697,312 | 24,823,946 | 1,068,993 | 1,282,129 | 19.9% | |||
Operating Income | 2,345,575 | 2,599,796 | 121,146 | 134,277 | 10.8% | ||
Operating Margin | 11.3% | 10.5% | 11.3% | 10.5% | |||
EBITDA | 2,854,742 | 3,228,678 | 147,444 | 166,758 | 13.1% | ||
EBITDA Margin | 13.8% | 13.0% | 13.8% | 13.0% | |||
Net Income | 1,458,003 | 2,609,831 | 75,304 | 134,795 | 79.0% | ||
7.0% | 10.5% | 7.0% | 10.5% | ||||
*Exchange rate of |
In addition to the financial results, Grupo Bafar also stands out for its commitment to continuously strengthen its Corporate Governance, where in 2022 they took an important step by announcing the incorporation of two new independent members to its Board of Directors. The appointment of
For more information, contact:
Luis Carlos Piñón Reza
lpinon@bafar.com.mx
https://grupobafar.com/inversionistas/
Forward looking statements
The information contained in this report may include certain statements with regarding the expected financial and operating performance of Grupo Bafar, which are based on financial information, operating levels and market conditions prevailing at date, as well as estimates by the company's management in relation to possible future events. The financial information presented has not been audited.
Source:
2023 GlobeNewswire, Inc., source