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.Financial Result 2021--------------------------Sales - MXN 55,622 million, up 55% YoYOperating Profit - MXN 13,380 million, up 158% YoYEBITDA - MXN 14,542 million, up 119% YoYNet income - MXN 10,227 million, up 246% YoYSales Outside Mexico - MXN 27,576 million, up 55% YoYSales in Mexico - MXN 28,046 million, up 55% YoYSales 2021------------Special Profiles – 907KT, MXN 24,762 per tonneCommercial Profiles - 1,597KT, MXN 20,766 per tonneTotal Tons - 2,504KT, MXN 22,213 per tonne
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.Financial Result 2021--------------------------Sales - MXN 55,622 million, up 55% YoYOperating Profit - MXN 13,380 million, up 158% YoYEBITDA - MXN 14,542 million, up 119% YoYNet income - MXN 10,227 million, up 246% YoYSales Outside Mexico - MXN 27,576 million, up 55% YoYSales in Mexico - MXN 28,046 million, up 55% YoYSales 2021------------Special Profiles – 907KT, MXN 24,762 per tonneCommercial Profiles - 1,597KT, MXN 20,766 per tonneTotal Tons - 2,504KT, MXN 22,213 per tonne
