Q3 2022 Grupo Traxion SAB de CV Earnings Call Transcript
Good morning, ladies and gentlemen, and welcome to the Traxion Third Quarter 2022 Earnings Call. (Operator Instructions) It is now my pleasure to turn the floor over to your host, Aby Lijtszain, Executive President and Co-Founder of Traxion. Sir, the floor is yours.
Thank you. Good morning. Welcome again. As you see, Traxion continues delivering good news despite adverse global macroeconomic conditions. Today, I want to briefly discuss three matters: nearshoring, revenues and margins.
Nearshoring is a reality and will continue to penetrate in the next few years. Traxion is directly related to such trend, of around 50% of revenues come from it. Half is from final goods exported to states and the other half is from warehouse management, personal mobility and raw material transportation. Thus, we expect a consistent and progressive increase of demand from such expansion. Our commercial force is in the front line, capturing the most profitable
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