Q1 2023 Grupo Carso SAB de CV Earnings Call Transcript
Good morning, everyone, and welcome to this webinar to discuss the results of the first quarter 2023 of Grupo Carso.
Before we begin, I would like to remind you that this event is being recorded and that information discussed today...
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Consolidated sales of Grupo Carso improved 41.9%, totaling MXN 49 billion. Grupo Sanborns went up 21.9% with sales improving at the department stores and restaurants. Condumex grew 1.7% related to higher volumes in harnesses and cables. Carso Infraestructura y Construcción posted a 42.9% increase due to the progress in telecommunication and infrastructure projects and higher oil drilling activities.
Carso Energy reduced 13.2% due to ForEx variations. Elementia decreased 7.1% this quarter coming from lower demand in Construsistemas. Excluding Elementia, total sales increased 18%, totaling MXN 14.7 billion.
Consolidated operating income increased from MXN 3.8 billion to MXN 6.1 billion, while EBITDA went up 58.6% with lower
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