April 20, 2010

San Pedro Garza García, N.L., Mexico. April 20, 2010.- ALFA, S.A.B. de C.V. (ALFA), the Mexican industrial company based in this city, released today its financial results for the first quarter of 2010. The report highlights that the company once again achieved excellent results. Revenues totaled U.S. $ 2,511 million, 36% higher than the figure for the same period of 2009. EBITDA (Earnings before Interest, Taxes, Depreciation and Amortization) was U.S. $281 million, the third highest figure in the history of the company, and 34% more than the same quarter of 2009.

"Quarterly results were driven by the solid performance reported in all our business groups", said Alvaro Fernandez, President of ALFA. " Alpek and Nemak stand out; the first, because it obtained an EBITDA above the U.S. $100 million for the fifth consecutive quarter, and the second, because its EBITDA reached U.S. $95 million, exceeding the record set in the previous quarter", he added.

The report also notes that ALFA’s majority net income amounted U.S. $88 million, compared to a majority net loss of U.S. $99 million reported in the first quarter of 2009. Also, that the financial situation of the company remains very solid with a Net Debt to EBITDA ratio of 2.3 times, and Interest Coverage of 4.0 times.

"First quarter results are in line with our expectations for the year as a whole. Our companies have a strong position to continue capitalizing on the economic recovery expected to continue in the markets where we participate", concluded Alvaro Fernandez.
______________________
ALFA is a Mexican company comprising four business groups: Alpek (petrochemicals), Nemak (aluminum auto components), Sigma (refrigerated food) and Alestra (telecommunications). ALFA is the world’s leading manufacturer of high-tech aluminum engine heads and blocks. It is one of the world’s largest producers of PTA, a petrochemical product, and has a leading market share in other petrochemicals in Mexico. In addition, ALFA is Mexico’s leading producer of processed meats and cheese and one of the most important telecommunications services companies in Mexico. For 2009, ALFA reported revenues of U.S. $8,536 million and EBITDA of U.S. $1,055 million. Currently, ALFA has manufacturing operations in 16 countries and employs more than 52,000 people. ALFA´s shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.

For further information:
Enrique Flores
Vice President, Corporate Communications
ALFA, S.A.B. de C.V.
Phone + 52 (81) 8748-1207
eflores@alfa.com.mx