Despite a drop in sales, Vitro’s third quarter results show a slight EBITDA increase of 0.6% year-on-year.
The consolidated EBITDA increase of 0.6% results in reflects a good performance by the container division, counterweighing a lower result in the flat glass unit.
Consolidated net sales declined 6.1% YoY to US$427 million. This reflects the impact of adverse weather caused by hurricanes Manuel and Ingrid in Mexico during September, and lower sales volumes.
The automotive (flat glass) and beer (glass containers) sectors in particular suffered from a decrease in sales.
As a continued effort to further reduce the debt leverage, Vitro has reduced the net debt by US$83 million to US$1,039 million, down from US$1,122 million in the previous quarter.