FINANCIAL PERFORMANCE

Grupo Lamosa’s financial performance as posted at yearend 2020 was outstanding, despite the highly uncertain global environment of the year, aggravated by the COVID-19 health emergency causing historic economic downturns in most of the countries where the company operates.

The growth in results and operating margins reflects the recovery in demand for the company’s products during the second half of the year, combined with the implementation of cost and expense controls in response to the pandemic.

During 2020, Grupo Lamosa strengthened its financial structure by reducing its level of indebtedness by a significant 35%. The company’s net debt at the end of the year amounted to $4,610 million pesos, with a Net Debt to EBITDA ratio of 1.1 times, comparing favorably with the 2.0 times of the previous year.

One of the relevant events reported to the market during the year was HR Ratings raising the company’s risk rating from an AA- local-scale rating to AA.

In 2020, the company made transactions with shares representing its capital stock amounting to $287,669,401 pesos and corresponding to 11,252,109 shares. As of yearend 2020, it had a total of 16,316,416 shares, equivalent to 4.4% of the outstanding stock.

Grupo Lamosa’s performance and results have given the company a healthy financial structure, enabling it to continue on its path of growth.

NET DEBT
Millions of pesos*

Net Debt / EBITDA

DEBT MATURITY PROFILE
Dec. 2020

USD with coverage* Pesos

93% of dollar-denominated debt has foreign exchange insurance coverage