Grupo Simec SAB de CV operates within the Blast furnaces and steel mills sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Grupo Simec SAB de CV with three other
steel companies in Latin America:
sales of 1.11 trillion Chilean Pesos [US$1.65 billion]
of which 58%
Industrias CH SAB de CV
(30.74 billion Mexican Pesos [US$1.64 billion]
of which 49%
was Steel - Special), and
Corporacion Aceros Arequipa S.A.
based in Peru
(2.05 billion Peruvian New Sols [US$627.68 million]
of which 72%
was Construction Bars and Wire).
During the year ended December of 2016, sales at
Grupo Simec SAB de CV were 27.52 billion Mexican Pesos (US$1.47 billion).
increase of 12.4%
versus 2015, when the company's sales were 24.48 billion Mexican Pesos.
The sales level in 2016 was fairly close to the level five years ago: in 2011, Grupo Simec SAB de CV had sales
of 29.27 billion Mexican Pesos.
Sales of Dipsticks saw an increase
that was more than double the company's growth rate: sales were up
42.3% in 2016, from
5.24 billion Mexican Pesos to 7.45 billion Mexican Pesos.
Grupo Simec SAB de CV also saw significant increases in sales in
Laminated Bars - Cold (up 16.6% to 3.21 billion Mexican Pesos)
Structure Profile (up 18.6% to 2.32 billion Mexican Pesos)
Sills (up 20.4% to 1.09 billion Mexican Pesos)
Other/foreign (up 24.3% to 3.13 billion Mexican Pesos)
Not all segments of Grupo Simec SAB de CV experienced an increase in sales in 2016:
sales of Bars fell 11.8% to 1.12 billion Mexican Pesos.
Grupo Simec SAB de CV also experienced decreases in sales in
Laminated Bars - Hot (down 9.8% to 7.73 billion Mexican Pesos)