Financial and Operating Highlights
Millions of dollars Millions of pesos
RESULTS 2012 2011 % VAR. 2012 2011 % VAR.
Net sales 7,277 7,356 -1% 96,163 90,667 6%
Operating income 566 616 -8% 7,476 7,589 -1%
EBITDA1 728 771 -6% 9,611 9,545 1%
Majority net income 277 332 -17% 3,663 3,899 -6%
Net income per share2 0.14 0.19 -27% 1.83 2.24 -18%
BALANCE
Assets 4,742 4,446 7% 61,696 62,153 -1%
Liabilities 2,463 3,101 -21% 32,045 43,354 -26%
Stockholders´ equity 2,279 1,345 69% 29,651 18,799 58%
Majority interest 2,012 1,091 84% 26,180 15,254 72%
Book value per share3 0.95 0.63 51% 12.36 8.77 41%

NOTE: In this annual report, monetary figures are expressed in nominal Mexican pesos (Ps.) and in nominal dollars (US$) unless otherwise specified.
The financial information for 2011 and 2012 was prepared in accordance with IFRS, in effect in Mexico as of January 2012.
Conversions from pesos to dollars were made using the weighted average rate of the month in which the revenues or disbursements were made.
The percentage variations between 2012 and 2011 are expressed in nominal terms.

  • EBITDA = operating income plus depreciation, amortization and impairment of non-current assets.
  • Based on the weighted average number of outstanding shares (1,996 million in 2012 and 1,739 million in 2011).
  • Based on the number of outstanding shares (2,118 million at the end of 2012 and 1,739 million at the end of 2011).