TRAXIÓN Announces Third Quarter 2021 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.

  • Consolidated revenue reached Ps. 4,321 million, a 14.5% growth compared to 3Q20. This was mainly due to a 39.1% expansion in revenues of the logistics and technology segment. Accumulated revenues have grown 22.5% compared to the first nine months of 2020.

  • Consolidated EBITDA was Ps. 902 million, a 6.9% increase compared to the same period of 2020; while accumulated EBITDA increased 14.3% versus 9M20.

  • EBITDA Margin was 20.9%, compared to 22.4% in 3Q20.

  • General expenses decreased 1.8%, with a 220 basis-point efficiency as a percentage of revenues, compared to 3Q20.

  • Net income totaled Ps. 277 million, a 45.0% increase compared to 3Q20. During the first nine months of 2021, net income recorded a 51.9% growth versus the same period of 2020.

  • Comprehensive financial result shows a Ps. 94 million improvement, which is a 45.9% efficiency compared to 3Q20.

  • Operating cash flows reached 531 million, compared to Ps. 566 million in the same period of 2020.

  • CapEx in 3Q21 was Ps. 396 million, compared to Ps. 171 million in 3Q20.

  • The net debt-to-EBITDA ratio was 1.56x, compared to 1.69x in 3Q20.

  • Average fleet in operation was 8,788 units.

  • TRAXIÓN’s second integrated report, with both financial and non-financial information from 2020 is available at the following link:


Miranda Newswire – Full Press Release: Download PDF


Investor Relations Contact Details

Antonio Tejedo


Elba Salcedo


Tel: +52 55 5046 7900 ext. 3215

About the Company
TRAXIÓN 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 three main business segments: mobility of cargo, logistics and technology, and mobility of personnel. The Company has 7 highly recognized brands for their leadership in different niches of the sector. TRAXION was founded in 2011 and ended 3Q21 with an average fleet of 8,788 power units, 596,615 square meters (6.4 million sq. ft.) of warehousing space, national reach, more than 1,000 clients, and more than 17,000 employees. TRAXION’s most important competitive advantages are having an experienced and committed management team, being the only consolidator in a highly fragmented industry, being the only institutional company in a sector dominated by family-owned companies and having a diversification premium.
Mobility of Cargo 
This segment provides integrated cargo solutions. Amongst the services rendered are dedicated freight, truckload, less-than-truckload, intermodal, refrigerated freight, petrochemicals and specialized transportation, border transfers, and moving and relocation services. TRAXION operates 5 leading and recognized brands: Transportadora EGOBA, Muebles y Mudanzas MYM, Grupo SID, Auto Express Frontera Norte, and Autotransportes El Bisonte. The Company operates one of the youngest, most modern, and flexible fleets in the industry, with and an average of 2,244 power units at the end of 3Q21.
Logistics and Technology
Through this segment, TRAXIÓN provides logistics solutions across the supply chain using digital platforms and technology-driven applications. Among the services rendered are integrated 4PL logistics solutions, 3PL warehouse management, last-mile, courier and delivery services, and cargo brokerage. At the end of 3Q21, it operated more than 596,615 square meters (6.4 million sq. ft.) of 3PL warehouse, and a last-mile fleet of 808 units.
Mobility of Personnel
The mobility of personnel segment provides personnel transportation services to corporations, industrial parks, and hotels, as well as student transportation to schools and universities, and tourism services to groups. Through its subsidiary LIPU, TRAXIÓN operates a centralized platform under dedicated contracts or spot service and the largest and most modern fleet in Mexico composed of an average of 5,736 power units at the end of 3Q21.
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.

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