MEXICO: Walmex achieves “solid” full-year results
By: just-food.com | 12 February 2010
 |
Walmex boss "proud" of results |
Wal-Mart de México said it achieved “solid” results in a “difficult” environment in 2009 with a lift in full-year profits.
For the 12 months to the end of December, Wal-Mart de México earned MXN16.8bn (US$1.29bn), a 15% increase on 2008.
Net sales rose 10.4% to reach MXN269.39bn, while EBITDA amounted to MEX26.91bn, a 13% increase on 2008.
Scot Rank, president and CEO, said: “I feel very proud of the results achieved in 2009. We achieved very solid results in a difficult economic environment and we improved our competitive position for the long term.”
The company struck a deal to buy Walmart Centroamerica, a retailer with over 500 stores in five Central American markets, in December.
And in the fourth quarter, net income rose 17% to reach MEX5.74bn, while net sales amounted to MEX80bn, a 10% increase on 2008. EBITDA also rose 10% to reach MEX8.55bn.
Sectors: Emerging markets, Retail
Companies: Wal-Mart
View next/previous articles
12 Feb 2010 -
12 Feb 2010 -
Currently reading -
MEXICO: Walmex achieves “solid” full-year results
12 Feb 2010 -
11 Feb 2010 -
Related research
Wal-Mart Stores, Inc. - SWOT Analysis
Wal-Mart Stores, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. It examines the company’s key business structure and operations, history and products, and provides summary analysis of its key ...
Company Financials Wal-Mart Stores, Inc.
The Company Financials offers insights into the financial performance of the company over last five years for about 1000 leading global companies. The datapack covers wealth of financial information relating to income statement, balance sheet, and ca...
Datamonitor's Online Retail in Asia-Pacific industry profile is an essential resource for top-level data and analysis covering the Online Retail industry. It includes data on market size and segmentation, plus textual and graphical analysis of the ke...
Related articles
UK: Asda denies plans to sell 30 Netto outlets
Asda has denied reports that the Office of Fair Trading is requiring it to sell some 30 of the Netto stores it acquired in May.
On the money: Kellogg expects H2 improvement
Kellogg CEO David Mackay has insisted he feels "confident" about the challenging cereal category in the US and believes trends will start to improve in the second half of 2010 after a weak second quarter.
There are currently no comments on this article
Be the first to comment on this article