Alfa reported that during the fourth quarter of the year, due to the spin-off process of Alpek, the results of this company were reported as discontinued operations. In that period, sales reached two billion 197 million dollars (mdd), a figure similar to that of the previous year, and the operating cash flow was 177 mdd, eight percent lower than in the same quarter of 2023.
The CEO of the company, Álvaro Fernández, expressed his satisfaction with closing 2024 with financial results above expectations and completing the spin-off of its transformation process. He noted that Alfa's financial statements now reflect those of Sigma and that the latter experienced good performance in 2024, driven by historical records in volume, sales, and cash flow, surpassing the revised upward guidance of 1,000 mdd.
Regarding the regions in America (Mexico, the United States, and Latin America), all recorded record annual sales and cash flow, driven by sustained growth over three consecutive years. In Europe, cash flow doubled compared to the previous year, thanks to efforts focused on improving profitability in this region.
Sigma also demonstrated solid cash flow generation, paying dividends totaling 228 mdd, which would have positioned it among the five issuers with the highest dividend yield in the S&P BMV IPC index. The net debt of Alfa|SIGMA at the end of the year was reduced to two billion 471 mdd, compared to two billion 988 mdd in the third quarter of the previous year and three billion 190 mdd in the fourth quarter of 2023 with Alpek as a discontinued operation.
Álvaro Fernández highlighted that the reduction of debt was essential to maintaining solid financial balances and valued the improvement in the credit rating given by Fitch Ratings to 'BBB', thanks to efforts to reduce debt and the corporate structure focused on Sigma.
