<p>Mexican steel maker Grupo Simec announced that its net sales increased 55% YoY to MXN 55,622 million in 2021 due to a combination of higher shipments of finished steel products and a higher average sales price by 51% compared the same period of 2020. Shipments of finished steel products increased 3% to 2.504 million tonnes in 2021. Total sales outside of Mexico increased 55% to MXN 27,576 million while sales in Mexico increased 55% from MXN 18,123 million. The increase of 55% in sales is due to a higher average sales price and higher volume of shipments.</p><p>Financial Result 2021</p><p>--------------------------</p><p>Sales - MXN 55,622 million, up 55% YoY</p><p>Operating Profit - MXN 13,380 million, up 158% YoY</p><p>EBITDA - MXN 14,542 million, up 119% YoY</p><p>Net income - MXN 10,227 million, up 246% YoY</p><p>Sales Outside Mexico - MXN 27,576 million, up 55% YoY</p><p>Sales in Mexico - MXN 28,046 million, up 55% YoY</p><p>Sales 2021</p><p>------------</p><p>Special Profiles – 907KT, MXN 24,762 per tonne</p><p>Commercial Profiles - 1,597KT, MXN 20,766 per tonne</p><p>Total Tons - 2,504KT, MXN 22,213 per tonne</p>
<p>Mexican steel maker Grupo Simec announced that its net sales increased 55% YoY to MXN 55,622 million in 2021 due to a combination of higher shipments of finished steel products and a higher average sales price by 51% compared the same period of 2020. Shipments of finished steel products increased 3% to 2.504 million tonnes in 2021. Total sales outside of Mexico increased 55% to MXN 27,576 million while sales in Mexico increased 55% from MXN 18,123 million. The increase of 55% in sales is due to a higher average sales price and higher volume of shipments.</p><p>Financial Result 2021</p><p>--------------------------</p><p>Sales - MXN 55,622 million, up 55% YoY</p><p>Operating Profit - MXN 13,380 million, up 158% YoY</p><p>EBITDA - MXN 14,542 million, up 119% YoY</p><p>Net income - MXN 10,227 million, up 246% YoY</p><p>Sales Outside Mexico - MXN 27,576 million, up 55% YoY</p><p>Sales in Mexico - MXN 28,046 million, up 55% YoY</p><p>Sales 2021</p><p>------------</p><p>Special Profiles – 907KT, MXN 24,762 per tonne</p><p>Commercial Profiles - 1,597KT, MXN 20,766 per tonne</p><p>Total Tons - 2,504KT, MXN 22,213 per tonne</p>
