Mexico City / 21.07.2021 21:54:59
During the second quarter of the year, sales of Rotoplas Group They reached a figure of 2 thousand 810 million pesos, which meant a growth of 47.6 percent, compared to the same period of the previous year.
According to your financial report sent to the Mexican Stock Exchange (BMV), the figure was the result of heat waves, droughts and cuts in the water supply in some countries, as well as the launch of new solutions in the market.
“I believe that the growth of over 40 percent in sales, reaching record historical figures, shows that we have managed to capitalize on the opportunities offered by the water industry in the American continent. I would like to highlight the satisfactory evolution of growth and profitability in both the United States and Argentina, as well as the continued good results in Mexico, ”said Carlos Rojas, CEO of the company.
Sales of the Products segment reported a growth of 52.1 percent, with a good performance in all countries and categories; In contrast, the sales of the Services category had a negative variation of 3.8 percent, due to the impact on the drinking fountain business suffered by the closure of schools in Mexico due to the pandemic, coupled with a slow recovery for the business of water treatment and recycling plants.
“We are challenged to meet the demand with scarce supply chains; however, we are confident that we have a solid balance sheet and business strategy that allow us to cope with possible fluctuations in the market. We will continue this evolution process aligned with the best practices and with a focus on sustainable development. Our goal is to align the “Rotoplas of the future” with digital and analytical trends, we seek to modernize processes to reduce our carbon footprint and achieve the sustainable growth plan that we propose for 2025 ”, said the manager.
Rotoplas pointed out that in the period it reached an operating flow (Ebitda, for its acronym in English) of 338 million pesos, 26.3 percent higher than that reported during the second quarter of 2020.