Financial Highlights

ALFA and subsidiaries Millions of Ps. U.S. $ Millions(4)
  2014 2013 % chg. 2014 2013 % chg.
Income Statement            
Net Sales 229,226 203,456 13 17,224 15,870 9
Operating Income 17,226 14,085 22 1,298 1,100 18
Majority Net Income -2,037 5,926 -134 -104 463 -122
Majority Net Income per Share(1)
(Ps. & U.S. $)
-0.40 1.15 -135 -0.02 0.09 -122
EBITDA(2) 27,116 24,534 11 2,040 1,915 7
Balance Sheet            
Total Assets 232,880 165,390 40 15,773 12,648 25
Total Liabilities 163,721 100,221 63 11,074 7,664 44
Stockholders’ Equity 69,159 65,169 6 4,699 4,984 -6
Majority Interest 55,378 56,441 -2 3,763 4,316 -13
Book Value per Share(3)
(Ps. & U.S. $)
10.78 10.98 -1.82 0.73 0.84 -13

  1. Based on the weighted average number of outstanding shares (5,135,480 in 2014 and 5,143,900 in 2013).
  2. EBITDA = operating income + depreciation and amortization + non-recurring items.
  3. Based on the number of outstanding shares (5,134,500 at the end of 2014 and 5,142,500 at the end of 2013).
  4. Due to the dollarization of its revenues, which is higher than 75%, and because of the holding of shares by foreign investors, ALFA provides equivalent U.S. $ amounts for some of its most important financial data.