GRUPO KUO, S.A.B. de C.V. Business report FY2009

Business Highlights

Financial Overview

(in million USD)
  FY2009 FY2008 Rate of Change
Net Sales 1,481 2,005 (26.1) -
EBITDA 140 139 0.1 -
Net Sales 370 454 (18.5) 1)
EBITDA 40 45 (11.1) -


-This reflects lower sales in the Transmissions SBU caused by the fall in demand for heavy and medium vehicle transmissions among the Company's leading customers due to the economic recession.

-Declines were partially offset by good performance and excellent acceptance of the TR6060 transmission for GM and Chrysler, in addition to record order levels from AM General.

-At the CIE-Desc SBU, there were lower direct and indirect sales (through so-called Tier 1 clients) to VW, GM and Chrysler mostly.


-The Company announced that it has sold 100% of the capital stock of CIE Celaya, S.A.P.I de C.V. to CIE Automotive for approx. 15 million USD. (From a press release on Mar. 31, 2009)

-The Company announced that it has sold 100% of the capital stock of Pintura, Estampado y Montaje, S.A.P.I. de C. V. (Pemsa Celaya) to CIE Automotive for 30 million USD. (From a press release on May 25, 2009)

Investment Activities

Capital Expenditures

(in thousands of Mexican pesos)
  FY2009 FY2008 FY2007
Automotive 76,723 370,797 482,826
Chemical 271,069 650,329 214,371
Consumer 521,990 537,222 175,547
Services 5,401 442 327
Total 875,183 1,558,790 873,071