Grupo Carso SAB de CV
BMV:GCARSOA1

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Grupo Carso SAB de CV
BMV:GCARSOA1
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Price: 115.7 MXN 1.48% Market Closed
Market Cap: 260.9B MXN

Grupo Carso SAB de CV
Investor Relations

In the bustling business landscape of Mexico, Grupo Carso SAB de CV stands as a testament to entrepreneurial vision and diversified ambition. Established by the astute businessman Carlos Slim, this conglomerate has its roots deeply embedded in the Mexican economy. Grupo Carso has brilliantly orchestrated its operations across a sprawling array of sectors, harnessing its prowess in industries ranging from retail to industrial manufacturing, and from construction to energy. The sheer diversity of its portfolio reflects a strategic insulation against market volatility, ensuring a steady stream of revenue even when individual sectors face downturns.

At the heart of Grupo Carso's financial ecosystem is its strategic acumen and operational efficiency. Each business unit under its expansive umbrella is finely tuned to maximize synergy and cost-efficiency. They excel through Carso Infraestructura y Construcción, driving large-scale infrastructure projects, and Grupo Sanborns, a retail giant offering an extensive array of consumer goods. These operations not only fuel the conglomerate’s growth but also secure a significant hold over the respective markets. Through meticulous planning and a keen eye for market dynamics, Grupo Carso effectively transforms diverse opportunities into profit, reinforcing its stature as a cornerstone of Mexican industry.

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Earnings Calls

2024 Q3
Oct 29, 2024
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Grupo Carso Reports Steady Sales Growth Amid Rising Costs
2024 Q3
Oct 29, 2024

In its latest earnings call, Grupo Carso announced consolidated sales of MXN 49 billion, an 8.3% increase fueled by higher volumes and beneficial exchange rates. Notably, Grupo Condumex's revenues surged 26% due to increased demand in construction and automotive sectors. However, EBITDA margins fell 80 basis points to 14.7%, driven by rising operational costs, particularly in Grupo Sanborns, where net income dropped to MXN 407 million. The construction backlog is at MXN 21.6 billion, down 34.2% from last year. Looking ahead, the company expects to enhance performance through growth in nearshoring opportunities, particularly within its industrial sectors.

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Management

Engineer Antonio Gomez Garcia
MD & CEO
No Bio Available
Lic. Arturo Spinola Garcia
Finance Director & Treasurer
No Bio Available
Ms. Norma Angelica Pina Garnica
Head of Investor Relations
No Bio Available
Lic. Arturo Martinez Bengoa
Secretary & Head of the Legal Area
No Bio Available

Contacts

Address
MEXICO, D.F.
Mexico City
LAGO ZURICH No. 245, EDIFICIO FRISCO, PISO 6, Ampliacion Granada
Contacts
+525552498900.0
www.carso.com.mx