Grupo Simec Reports Strong Results for H1 of 2021
Grupo Simec Centerourbano

Grupo Simec Reports Strong Results for H1 of 2021

Mexican steel maker Grupo Simec announced that its net sales increased from MXN 16,096 million in the first half of 2020 to MXN

Mexican steel maker Grupo Simec announced that its net sales increased from MXN 16,096 million in the first half of 2020 to MXN 28,613 million in the first half of 2021 as shipments increased 18% from 1.162 million tonnes in the first half of 2020 to 1.369 million tonnes in the first half of 2021.

Total sales outside of Mexico in the first half of 2021 increased 77% to MXN 14,458 million compared to MXN. 8,168 million in the first half of 2020. Mexican sales increased 79% from MXN 7,928 million in the first half of 2020 to MXN 14,155 million in the first half of 2021. Sales increased for the first half of 2021 compared to the first half of 2020, is due to the combined of increase in the average sales price of 51% and increase in the volume of shipments approximately of 207 thousand tons that represent an 18%.

Operating income increased 202% from MXN 2,216 million for the first half of 2020 compared to MXN 6,690 million in the first half of 2021.

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