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Grupo Elektra Announces Revenue Of Ps.31,385 Million And EBITDA Of Ps.5,435 Million In The First Quarter Of 2021

- Continuous dynamism of the business; income became 28%, to Ps.13,383 million in the quarter -

- 23% increment in stores at스카이카지노Banco Azteca México, to Ps.190,614 million, merges firm possibilities for the monetary business, with ideal subsidizing cost -

- Solid development of Banco Azteca México's advance portfolio; increments 11%, to Ps.105,396 million in the period -

NEWS PROVIDED BY

Grupo Elektra, S.A.B. de C.V.

Apr 28, 2021, 21:13 ET

Offer THIS ARTICLE

MEXICO CITY, April 28, 2021/PRNewswire/ - Grupo Elektra, S.A.B. de C.V. (BMV: ELEKTRA*; Latibex: XEKT), Latin America's driving forte retailer and monetary administrations organization, and the biggest non-bank supplier of loan administrations in the United States, today reported first quarter 2021 monetary outcomes.

First Quarter Results

Solidified income became 4%, to Ps.31,385 million in the period, contrasted with Ps.30,282 million in a similar quarter of the earlier year. Expenses and working costs were Ps.25,951 million, from Ps.29,445 million in a similar time of 2020.

Accordingly, EBITDA was Ps.5,435 million, contrasted with Ps.837 million every year prior. Working pay was Ps.3,493 million this quarter, from a working deficiency of Ps.1,117 million in a similar time of 2020.

The organization revealed total compensation of Ps.3,048 million, contrasted with net gain of Ps.142 million per year prior.

1Q 2020

1Q 2021

Change

Ps.

%

Solidified income

$30,282

$31,385

$1,103

4%

EBITDA

$837

$5,435

$4,598

-

Working benefit

$(1,117)

$3,493

$4,610

-

Net outcome

$142

$3,048

$2,906

-

Net outcome per share

$0.62

$13.39

$12.77

-

Figures in huge number of pesos

EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization.

As of March 31, 2020, Elektra* extraordinary offers were 228.7 million and as of March 31, 2021, were 227.7 million.

Income

Solidified income expanded 4%, because of a 28% development in business deals, halfway balance by a 9% lessening in monetary pay.

The development in deals of the business — to Ps.13,383 million, from Ps.10,435 million every year prior — is to a great extent the consequence of a strong expansion in deals of Italika bikes — which supports business efficiency and the portability of families — communication — that fortifies the availability of an expanding number of clients — and apparatuses, that are popularized with ideal client care, in the most aggressive economic situations.

Deals from the business were additionally helped with the advancement of new stores under an arrangement that offers an ideal blend of items and benefits, and permits the client to amplify the buy insight. Likewise, Omnichannel tasks, with the online store www.elektra.com.mx, which sells a huge number of items at unrivaled costs, from any gadget and whenever,골드피쉬카지노further reinforced business execution.

The decrease in monetary pay — to Ps.18,002 million, from Ps.19,847 million in the earlier year — reflects lower revenue acquired by Purpose Financial in the period, gotten from the impacts of the wellbeing possibility in the organization's objective market in the US.

Expenses and Expenses

Solidified expenses for the quarter diminished 21%, to Ps.13,601 million, from Ps.17,233 million in the earlier year. The lower costs are clarified, generally, by a 58% decrease in the monetary expense, to Ps.4,359 million, from Ps.10,361 million the earlier year, which to a great extent mirrors the making of lower credit misfortune saves this period.

As recently declared, a year prior a significant lender of Banco Azteca started a liquidation cycle (Chapter 11) in the United States, for which the establishment chose, wisely, to hold 100% of the credit of Ps.7,243 million, in the primary quarter of 2020.

Business costs became 34%, to Ps.9,242 million, from Ps.6,872 million, in accordance with the expansion in business income.

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