During 2024, Nemak presented a report with positive financial results. The operating cash flow (EBITDA) of the company reached 633 million dollars, a 9% increase compared to the previous year, and net profits amounted to 25 million dollars, in contrast to the 4 million dollars from the prior period. This information was shared by the Monterrey-based company in a report directed to the Mexican Stock Exchange (BMV).
In addition to these achievements, Nemak reported that its sales closed at 4,907 million dollars, surpassing the 2023 figures by 1.7%. This result is attributed to the positive impact of commercial negotiations and strategic price adjustments made during the year. According to Armando Tamez, CEO of Nemak, in 2024, strategic adjustments were implemented in the company's operations, prioritizing the recovery of margins and successfully concluding key commercial negotiations. Such actions enabled the generation of free cash flow and improved the company's debt position.
In the financial arena, Nemak successfully completed two debt transactions totaling 450 million dollars, with the proceeds allocated to refinance an equivalent amount, providing greater flexibility to the company. During 2024, Nemak achieved a significant milestone by producing one billion sophisticated aluminum components for the automotive industry, contributing to vehicle lightweighting and expanding the range of available propulsion systems.
Furthermore, in the previous year, Nemak secured contracts valued at approximately 460 million dollars annually, with 80% of these related to the internal combustion components segment and the remaining 20% to the electric mobility segment. According to analysts, the company has advanced technology that allows it to excel in the internal combustion, electric mobility, and structural components segments, demonstrating its ability to innovate and compete in the automotive industry.
