During the fourth quarter of last year, Grupo Industrial Saltillo (GIS) reported sales of 231 million dollars (md), representing a five percent decrease compared to the same period in 2023. On the other hand, its operating cash flow reached 28 md, marking an annual increase of 42 percent. The net profit for the period was 1.2 md, indicating an improvement compared to the loss of 3.1 md recorded in the fourth quarter of 2023.
In statements, Jorge Rada, the company’s CEO, explained that the year 2024 was crucial for GIS, highlighting a clear focus on profitability, operational and financial discipline, as well as the consolidation of recent expansions. They significantly reinforced their production capacity with multiple initiatives, such as the volume filling ramp in new casting lines, the commissioning of additional structures, and the expansion of certain services in specific plants.
Additionally, progress was made in the construction of new facilities in the GISEderlan co-investment as part of their expansion strategy in key markets. These investments have strengthened the company's operational capacity, allowing it to maintain a solid trend in volume and improve the product mix towards higher value-added solutions, thereby boosting its unit margins.
Despite a challenging environment, the company emphasized the commitment and excellence of its team as determining factors for achieving continuous improvements in its key indicators. The consolidated EBITDA for the entire previous year was 112 md, showing a growth of 43 percent compared to the previous year. The global commercial strategy implemented allowed them to capture 140 md in new cast iron volumes, which will optimize portfolio profitability and strengthen diversification.
Looking ahead, the company reaffirmed its commitment to maximizing profitability and consolidating the capital invested in production capacity.
