Grupo Lamosa maintained its healthy financial structure throughout 2018, enabling it to implement its growth plans inside and outside Mexico and meet all financial responsibilities.
Adequate cash flow generation allowed the company to continue with its investment plan, disbursing $ 757 million pesos during the year, mainly aimed at improving the productivity of Grupo Lamosa’s plants and implementing information technologies to make operations in South America more robust.
Grupo Lamosa ended the year with a consolidated net debt of $ 7,864 million pesos, similar to the $ 7,873 million pesos of 2017. Leverage at yearend 2018 was at an appropriate level for the company to continue with its growth strategy. The ratio of net debt to EBITDA was 2.4 times, slightly above the ratio of 2.3 times posted at the end of 2017.
During the year, the company continued to take part in the Mexican Stock Exchange’s Independent Analyst Program, in order to continue providing investors with the information and analysis they need for better decision making.
Grupo Lamosa’s Annual Stockholders’ Meeting decreed the payment of a cash dividend, at a rate of $ 0.70 pesos per share, payable as of the second quarter of the year.
In 2018, the Company made no transactions with shares representing its capital stock.
Net Debt / EBITDA