Sequential Improvement in Financial Results
Alpek's financial and operating results show a 10% sequential improvement versus the previous quarter, with a notable 24% increase in Polyester segment EBITDA.
Successful Regulatory Approval for Merger
The National Banking and Securities Commission (CNBV) gave approval to merge Controladora Alpek with Alpek, potentially increasing shareholder interest.
Stable Performance in Plastics & Chemicals Segment
Plastics & Chemicals segment reported a stable performance with an 8% increase in comparable EBITDA quarter-on-quarter.
Positive Free Cash Flow
Generated significant positive cash flow with operating free cash flow totaling $68 million, a 41% increase from the previous quarter.
Debt Refinancing Success
Successfully refinanced $690 million, improving average debt maturity to 4.6 years.