TRAXIÓN Announces Third Quarter 2023 Results

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

  • Consolidated revenue reached Ps. 6,389 million during the quarter, an increase of 18.9% compared to 3Q22.
  • The Logistics and Technology segment recorded revenue growth of 38.0%, the division with the highest growth in the quarter.
  • Total costs increased by 15.5%, an efficiency of 230 basis points as a percentage of revenue when compared to 3Q22.
  • Consolidated EBITDA totaled Ps. 1,174 million in the quarter, an increase of 25.7% compared to the same period of 2022.
  • EBITDA margin was 4%.
  • Net income reached Ps. 246 million, a 60.8% growth compared to 3Q22.
  • Net operating cash flow closed at Ps. 485 million.
  • CapEx during 3Q23 stood at Ps. 1,123 million.
  • Net Debt to EBITDA ratio stood at 1.98x at the end of 3Q23.
  • Average fleet in operation during 3Q23 was 10,287 power units.
  • On August 10, TRAXIÓN concluded a global mixed equity follow-on in Mexico and in international markets under Rule 144ª and Reg S for Ps. 4,579 million, with the gross primary portion amounting to Ps. 2,757 million.
 

Miranda Newswire – Full Press Release: Download PDF

Investor Relations Contact Details

Antonio Tejedo

a.tejedo@traxion.global  

Elba Salcedo

e.salcedo@traxion.global

Tel: +52 55 5046 7900 ext. 3215

 
About TRAXIÓN 
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. TRAXIÓN’s platform operates three main business segments: Mobility of Cargo, Logistics and Technology, and Mobility of Personnel. The Company has 10 highly recognized brands for their leadership in different sector niches. TRAXIÓN was founded in 2011 and ended the 3Q23 with an average fleet of 10,287 power units, 812,612 square meters of 3PL logistic warehousing space, national reach, more than 1,000 clients, and over 21,000 employees. TRAXIÓN’s most important competitive advantages include: an experienced and committed management team, being the only consolidator in a highly fragmented industry and the only institutional company in a sector dominated by family-owned companies, a diverse portfolio comprised of premium services, long-term partnerships with clients and suppliers, and an anticipated market outlook.
Logistics and Technology
Through this segment, TRAXIÓN provides logistics solutions across the supply chain using digital platforms and technology-driven applications and an asset-light focus. Among the services rendered are integrated: 4PL logistics solutions, 3PL warehouse management, last-mile, courier and delivery services, and rail intermodal cargo brokerage. At the end of 3Q23, it operated more than 812,612 square meters of 3PL warehouse, and a last-mile fleet of 666 units.
Mobility of Cargo
This segment provides integrated cargo solutions. Amongst the services rendered are dedicated freight, less-than-truckload, intermodal, refrigerated freight, international cargo and borders transfers, petrochemicals, moving and specialized transportation. We operate 5 leading and renowned brands: Transportadora EGOBA, Muebles y Mudanzas MYM, Grupo SID, Auto Express Frontera Norte, and Autotransportes El Bisonte. TRAXIÓN operates one of the youngest, most modern, and flexible fleets in the industry, with 2,223 power units at the end of 3Q23.
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 7,398 power units at the end of 3Q23.
Disclaimer
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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