Vitro Reports Increases of 6.4 Percent in First-Quarter Sales
May 1, 2012

Officials at Vitro S.A.B. de C.V. of Mexico announced the company's year-over-year consolidated net sales increased 6.4 percent, benefitting from higher sales volumes in both the glass containers and flat glass business, and a better price-mix at both business units, which offset the 6.9 percent year-over-year peso depreciation, according to the company's most recent financial report.

The company released its first-quarter unaudited results on April 30. Financial statements were prepared according to International Financial Reporting Standards (IFRS), thus, all figures for the 2012 first quarter and the 2011 first quarter follow the same standards and are comparable, according to company information.

Vitro's consolidated Earnings Before Interests, Taxes, Depreciation and Amortization increased 6.9 percent year over year, as a result of higher sales volumes, solid manufacturing efficiencies and lower natural gas prices.

"Results reflect a recovery in specific markets, as well as the positive impact from the steps Vitro has been taking to strengthen profitability," says Hugo Lara, CEO. "Sales principally benefitted from a strong domestic performance in the flat glass business unit in both construction and automotive markets, and higher sales volumes in our glass container segments, particularly in the food, soft drink and beer markets as we continue to work hand in hand with our clients."

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