Lamosa 2017 Annual Report
Financial

highlights

Figures expressed in millions of current pesos

RESULTS1 2016 2017 VAR %
Net Sales2 13,619 17,971 32
Foreign sales3 2,916 6,042 107
Foreign sales / Net sales 21% 34%  
Operating income 2,392 2,804 17
Operating income / Net sales 18% 16%  
Comprehensive financing cost 1,115 455 (59)
Consolidated net income 633 1,677 165
       
FINANCIAL POSITION      
Total assets 22,906 23,099 1
Total liabilities 15,680 14,442 (8)
Stockholders’ equity 7,226 8,658 20
Book value per share4 18.7 22.4 20
       
CASH FLOW      
EBITDA5 3,070 3,619 18
Capital expenditures 1,637 440 (73)
       
NUMBER OF EMPLOYEES      
Total personnel 7,003 6,762 (3)

  1. In accordance with applicable International Financial Reporting Standards.
  2. The operations of Cerámica San Lorenzo were incorporated as of the fourth quarter of 2016.
  3. Includes sales of subsidiaries in foreign markets and export sales from Mexico.
  4. On a total of 385.8 million shares.
  5. Operating income plus depreciation and amortization and other virtual items. The 2017 figures include $390 million pesos corresponding to non-recurring expenses for the closing of two plants in Argentina.
Net Sales
(millions of pesos)
Foreign Sales
(millions of pesos)
Operating Income
(millions of pesos)
Consolidated
Net Income
(millions of pesos)
Comprehensive
Financing Cost
(millions of pesos)
EBITDA
(millions of pesos)

NOTES

  • For purposes of comparison and according to International Financial Reporting Standards, the figures exclude the operations
    of Sanitaryware, a business that was divested in 2015.
  • The operations of Cerámica San Lorenzo were incorporated as of the fourth quarter of 2016.
  • 2017 EBITDA includes $390 million pesos corresponding to non-recurring expenses for the closing of two plants in Argentina.