Mexico. Mexichem's quarterly results could turn positive with up to 5% growth in revenues and an EBITDA of up to 20%, according to analystsPredict positive results for Mexichem Quarterly results for the BMV-listed Mexican petrochemical company Mexichem could turn positive with up to 5% growth in revenues and an EBITDA of up to 20%, analysts said. Stephanie's Avatar Estephanie Suárez October 16, 2017, 07:42 Quarterly results for Mexichem, which trades on the Mexican Stock Exchange (BMV), could be positive with up to 5% growth in revenues and an EBITDA of up to 20%, analysts said. Banorte IXE noted in an analysis that, following the accident at the Vinyl Chloride Monomer plant in the third quarter of last year, the company reported a non-recurring profit of $ 224 million, obtained from the collection of insurance coverage , which can generate negative interannual results. However, excluding the non-recurring benefit, analysts project good results. The positive performance of Vinyl and Fluor, the improvement in the price of PVC and refrigerant gases will be key elements to boost Mexichem's revenues up to 5%, or 1,471 million dollars, in addition to generating a profitability of 298 million dollars or 23.3 million %, the document said. The BMV issuer is expected to report an EBITDA of 20.3% given the best margins in the Vinyl business for the strategies implemented to improve the profitability of operations and the contribution of the ethylene cracker. ANNOUNCES ACQUISITION Mexichem, which manufactures chemicals and petrochemicals, hydrofluoric acid and fluorite extraction, announced on August 7 its agreement to acquire Netafim, Israel's largest irrigation plant, valued at $ 1,895 million. predicts better results for the Mexican with sales of up to 1 billion dollars. The trend of recent quarters has been positive for Mexichem, which in the second quarter of the year was 1.464 million dollars or 3.08% compared to the same quarter of 2016, in addition to an EBITDA of 334 million dollars, which analysts trust which will follow the positive trend. "We will be attentive to any information provided by the firm regarding the evolution of the agreement to purchase 80% of Netafim's micro-irrigation business and possible synergies," said Banorte Ixe.http://hogar.intelect.com.mx/notes/mexico-mexichems-quarterly-results-could-turn-positive-with-up-to-5-growth-in-revenues-and-an-ebitda-of-up-to-20-according-to-analystshttp://hogar.intelect.com.mx/@@site-logo/logoAllen.png
Mexico. Mexichem's quarterly results could turn positive with up to 5% growth in revenues and an EBITDA of up to 20%, according to analysts
Predict positive results for Mexichem Quarterly results for the BMV-listed Mexican petrochemical company Mexichem could turn positive with up to 5% growth in revenues and an EBITDA of up to 20%, analysts said. Stephanie's Avatar Estephanie Suárez October 16, 2017, 07:42 Quarterly results for Mexichem, which trades on the Mexican Stock Exchange (BMV), could be positive with up to 5% growth in revenues and an EBITDA of up to 20%, analysts said. Banorte IXE noted in an analysis that, following the accident at the Vinyl Chloride Monomer plant in the third quarter of last year, the company reported a non-recurring profit of $ 224 million, obtained from the collection of insurance coverage , which can generate negative interannual results. However, excluding the non-recurring benefit, analysts project good results. The positive performance of Vinyl and Fluor, the improvement in the price of PVC and refrigerant gases will be key elements to boost Mexichem's revenues up to 5%, or 1,471 million dollars, in addition to generating a profitability of 298 million dollars or 23.3 million %, the document said. The BMV issuer is expected to report an EBITDA of 20.3% given the best margins in the Vinyl business for the strategies implemented to improve the profitability of operations and the contribution of the ethylene cracker. ANNOUNCES ACQUISITION Mexichem, which manufactures chemicals and petrochemicals, hydrofluoric acid and fluorite extraction, announced on August 7 its agreement to acquire Netafim, Israel's largest irrigation plant, valued at $ 1,895 million. predicts better results for the Mexican with sales of up to 1 billion dollars. The trend of recent quarters has been positive for Mexichem, which in the second quarter of the year was 1.464 million dollars or 3.08% compared to the same quarter of 2016, in addition to an EBITDA of 334 million dollars, which analysts trust which will follow the positive trend. "We will be attentive to any information provided by the firm regarding the evolution of the agreement to purchase 80% of Netafim's micro-irrigation business and possible synergies," said Banorte Ixe.
Predict positive results for Mexichem
Quarterly results for the BMV-listed Mexican petrochemical company Mexichem could turn positive with up to 5% growth in revenues and an EBITDA of up to 20%, analysts said. Stephanie's Avatar Estephanie Suárez
October 16, 2017, 07:42
Quarterly results for Mexichem, which trades on the Mexican Stock Exchange (BMV), could be positive with up to 5% growth in revenues and an EBITDA of up to 20%, analysts said.
Banorte IXE noted in an analysis that, following the accident at the Vinyl Chloride Monomer plant in the third quarter of last year, the company reported a non-recurring profit of $ 224 million, obtained from the collection of insurance coverage , which can generate negative interannual results. However, excluding the non-recurring benefit, analysts project good results.
The positive performance of Vinyl and Fluor, the improvement in the price of PVC and refrigerant gases will be key elements to boost Mexichem's revenues up to 5%, or 1,471 million dollars, in addition to generating a profitability of 298 million dollars or 23.3 million %, the document said.
The BMV issuer is expected to report an EBITDA of 20.3% given the best margins in the Vinyl business for the strategies implemented to improve the profitability of operations and the contribution of the ethylene cracker.
ANNOUNCES ACQUISITION
Mexichem, which manufactures chemicals and petrochemicals, hydrofluoric acid and fluorite extraction, announced on August 7 its agreement to acquire Netafim, Israel's largest irrigation plant, valued at $ 1,895 million. predicts better results for the Mexican with sales of up to 1 billion dollars.
The trend of recent quarters has been positive for Mexichem, which in the second quarter of the year was 1.464 million dollars or 3.08% compared to the same quarter of 2016, in addition to an EBITDA of 334 million dollars, which analysts trust which will follow the positive trend.
"We will be attentive to any information provided by the firm regarding the evolution of the agreement to purchase 80% of Netafim's micro-irrigation business and possible synergies," said Banorte Ixe.
