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.
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