Mexichem reports double-digit growth for third quarter 2018
October 29, 2018
Mexichem’s strong financial performance has continued in the third quarter of 2018, with the company reporting double-digit Net Income Growth and maintaining its full-year EBITDA guidance.
For the second consecutive quarter, Mexichem also reported double-digit growth in Sales, Operating Income (EBIT), EBITDA and Consolidated Net Income. The company posted a 25% year-on-year increase in EBITDA, and revenue in the nine months to date reached $5.5 billion, an increase of 26% on the same period in 2017.
Results were driven by factors that included the successful consolidation of precision-irrigation firm Netafim and continuous market dynamics in Fluor and Vinyl.
Mexichem CEO Daniel Martínez-Valle said the results represent “another exciting quarter of significant success that validates the Mexichem strategy.
“Our back-to-back earnings success proves we are on the right track,” Martínez-Valle added.
Click here to see Mexichem’s third quarter report in full.