In the third quarter of the year, several Monterrey-based companies in the industrial sector that are listed on the Mexican Stock Exchange showed significant growth in their profits. Despite costs and a decrease in operating cash flow, the effect of the weather and volumes influenced the results of some companies.
Alpek obtained an operating cash flow of 3,733 million pesos, marking an annual increase of 73.79%. The Deputy Director of Fundamental Analysis, Gerardo Cevallos, attributed this increase to solid performance in Polyester, Plastics, and Chemicals, supported by stable margins and rising shipping costs.
Femsa was one of the standout companies during this period, achieving a total of 28,909 million pesos in cash flow, a 19.64% increase compared to the same quarter of the previous year. According to Valores Mexicanos Casa de Bolsa, this growth was due to better average prices and efficiencies in cost and expense control.
On the other hand, Cemex experienced a slight decline in its operating cash flow, with a total of 14,446 million pesos, representing a decrease of 1.67% year-on-year. In dollars, the amount was 747 million, which is 9% less than in the previous period.
Overall, the analysis conducted by Financiero Monterrey revealed that out of the 14 industrial companies studied, 11 reported an increase in their operating cash flow. Companies like Femsa, Coca Cola Femsa (Kof), Cemex, and Arca Continental (AC) stood out. Alpek and Alfa had the highest percentage increases.
Alfa, previously a conglomerate, reported an Ebitda of 5,172 million pesos, representing a 24.27% increase compared to the third quarter of the previous year. The growth is largely due to the increase in Sigma's cash flow, which reached a quarterly record driven by increases in all its regions in local currency.
