Grupo Lamosa’s financial capacity over the past years has been one of the key factors behind its strategy of organic and inorganic growth.
The increase in 2017 operating results and enhanced capacity to generate cash flow during the year enabled the company to continue its investment plan and reduce leverage.
Total capital expenditures during 2017 amounted to $440 million pesos, mainly for operating needs. Net debt totaled $7,873 million pesos, 16% below the net debt of $9,339 million as of yearend 2016. Leverage in terms of net debt to EBITDA was 2.0 times, comparing favorably to the 2.8 times posted at the close of the previous year.
One of the outstanding achievements of 2017 was, without doubt, the incorporation of the operations of Cerámica San Lorenzo in South America, in accordance with the company’s predetermined plan. Capitalizing on promised synergies, even surpassing the original estimate, had a positive impact on the company’s results.
In 2017, Grupo Lamosa continued to take part in the Mexican Stock Exchange’s Independent Analyst Program and made a concerted effort to come closer to, and communicate better with, the financial community, in order to enhance the coverage and analysis of the company, thereby benefitting current and potential investors in Mexico and abroad.
The price of Grupo Lamosa shares rose 9.9% during the year, more than the Mexican Stock Market Share Price Index (IPC).
The company paid its stockholders a cash dividend of $0.60 pesos per share during the second quarter of 2017. This distribution was 50% above that of the previous year.
Grupo Lamosa made no transactions with the shares representing its capital stock in 2017.
