Grupo Famsa announces a higher operating flow



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The evolution of credit consumption and the revitalization of the commercial strategy, have favored the operational flow (EBITDAof group Famsa with a growth of 7.9% in the third quarter compared to the same period of the previous year.

The operation of Famsa in Mexico, it recorded a 9.4% increase in operational flow during the aforementioned period, in accordance with the results report sent to the Mexican Stock Exchange (BMV).

The company reported the sales Deduction of 4,775 million pesos in the third quarter, an increase of 12.2% compared to the same quarter in 2017.

Famsa Mexico has increased by 13% the sales between July and September 2018, compared to the same period of last year, driven by the dynamism of the sales a credit, advertising campaigns and deployment of the sales channel cambaceo.

As, Famsa The United States reported an annual decline of 0.9% in the sales net in dollars in the third quarter; However, given the higher exchange rate, the the sales net pesos rose 2.7 percent.

"Throughout the year, we found a dynamism that allowed us to capitalize little by little and to have a good participation in terms of the sales"said Abelardo García, director of finance at Famsa, in an interview with El Horizonte.

He indicated that more than 80% of the sales they are a credit, "therefore the credit is and will be our ally ".

With the results of the third quarter, the Monterrey-based company is in line with the forecasts it will generate in terms of sales and revenues. EBITDAadded the manager.

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