Traxión Announces 1Q20 Results

The figures presented in this report have been prepared in accordance with International Financial Reporting Standards (IFRS) and are expressed in nominal million Mexican Pesos (MXN), unless otherwise stated.

1Q20 Highlights:

  • Consolidated revenue reached Ps. 3,184 million, a 12.3% growth compared to 1Q19. This was mainly driven by increases of 9.6% and 16.3% in cargo and logistics and in student and personnel transportation, respectively. 
  • Consolidated EBITDA reached Ps. 642 million, a 12.3% growth compared to 1Q19.
  • EBITDA margin stood at 20.2% in the quarter, the same as in 1Q19.
  •  Cost-to-revenue ratio was 71.2%, a 60 basis-point improvement compared to the same period of 2019. 
  • General expenses grew 14.5%, which is above the increase of revenues. 
  • Cash flow from operating activities climbed to Ps. 478 million, a growth of 48.5% compared to 1Q19. 
  • Net income reached Ps. 130 million, an increase of 55.5% compared to the same quarter of 2019. 
  • CapEx was Ps. 121 million in 1Q20. 
  • Net debt to EBITDA ratio was 1.93x. 
  • Average fleet in 1Q20 was 8,2362, a 2.9% growth compared to 1Q19. 
  • Total kilometer volume was 136.7 million kilometers, a 4.6% increase compared to 1Q19.

 

Miranda Newswire – Full Press Release: Download PDF

  

Investor Relations Contact Details

Antonio Tejedo

Tel: +52 55 5046 7900 ext.3208

E-mail: a.tejedo@traxion.global  

Elba Salcedo

Tel: +52 55 5046 7900 ext. 3215

E-mail: e.salcedo@traxion.global   

Investor Relations

E-mail: ir@traxion.global 

 
Disclaimer/Forward-Looking Statements
The information disclosed in this press release may contain statements with estimates regarding the future of Grupo Traxión, S.A.B. of C.V. and its subsidiaries (collectively “Traxión” or the “Company”), which are not historical facts and represent the current opinion of the Traxión administration based on the information available to the Company. Such statements are subject to certain risks and factors made based on assumptions. The words “anticipated”, “believe”, “estimate”, “expect”, “plan”, and other similar expressions, related or not with the Company, seek to give estimates or forecasts. Different factors may cause the results implicit in the statements to be materially different with respect to any future result or event of, or related to, Traxión that may be included expressly or implicitly within said statements. Also, if the assumptions used in the statements turn out to be incorrect, the actual results may vary materially from those described herein as anticipated, believed, estimated or expected. Traxión assumes no obligation to update the statements or information presented within this release.
 
About the Company
TRAXION is the leading transportation and logistics company in Mexico. It offers a one-stop solution through the broadest and most diverse service portfolio in the country. TRAXION’s platform operates two main business segments: cargo & logistics, and personnel and student transportation. The Company has 7 highly recognized brands for their leadership in different niches of the sector. TRAXION was founded in 2011 and ended 2019 with an average fleet of 8,236 power units, 424,932 square meters of warehousing space, national footprint, more than 1,000 clients, and more than 15,200 employees. TRAXION’s most important competitive advantages are an experienced and committed management team, only consolidator in a highly fragmented industry, only institutional company in a sector dominated by family-owned companies, a diversified, premium service portfolio, strong and long-lasting relationships with clients and suppliers, and first-mover advantage.

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