Grupo Simec, S.A.B. de C.V.
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GUADALAJARA, Mexico, Nov. 15, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (the "Company") today filed its Annual Report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission at www.sec.gov. The Form 20-F is also available on the investor relations section of the Company's website at https://gsimec.com.mx/sec-filings.php. Shareholders may request a hard copy of the Form 20-F, including the Company's complete audited financial statements for the year ended December 31, 2023, free of charge, by contacting the Company's Finance coordinator, Mario Moreno Cortez, by email at mmoreno@gruposimec.com.mx.
GUADALAJARA, Mexico, Oct. 30, 2024 /PRNewswire/ -- Informs the investing public that, early today, October 30, 2024, at plant one of the steel complex located in the city of Apizaco, Tlaxcala, a spill of liquid steel occurred with loss of human lives that has temporarily paralyzed its operation;
The company deeply regrets the death of its employees in this accident and is reviewing the causes of the same.
PRESS RELEASE
Contact: José Luis Tinajero
Mario Moreno Cortez
Grupo Simec, S.A.B. de C.V.
Calzada Lázaro Cárdenas 601
44440 Guadalajara, Jalisco, México
52 55 1165 1025
52 33 3770 6734
GUADALAJARA, Mexico, Oct. 29, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the nine-month period ended September 30, 2024.
Comparative first nine months of 2024 vs. first nine months of 2023
Net SalesNet sales of the Company decreased to Ps. 24,828 million in the first nine months of 2024 compared to Ps. 32,401 million in the first nine months of 2023. Shipments of finished steel products decreased 6% to 1 million 536 thousand tons in the first nine months of 2024 compared to 1 million 640 thousand tons in the first nine months of 2023. Total sales outside of Mexico in the first nine months of 2024 decreased 19% to Ps. 10,979 million compared to Ps. 13,571 million in the same period of 2023. Mexican sales decreased 26% from Ps. 18,830 million in the first nine months of 2023 to Ps. 13,849 million in the same period of 2024. The decrease in sales for the first nine months of 2024 is due to a decrease in the average selling price in 18% and with a lower volume of shipments compared to the first nine months of 2023.
GUADALAJARA, Mexico, July 22, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the sixth-month period ended June 30th, 2024.
Comparative first six months of 2024 vs. first six months of 2023
Net SalesNet sales of the Company decreased from Ps. 22,947 million in the first half of 2023 to Ps. 16,279 million in the first half of 2024. Shipments decreased 8% from 1,109 thousand tons in the first half of 2023 to 1,015 thousand tons in the first half of 2024. Total sales outside of Mexico in the first half of 2024 decreased 24% to Ps. 7,287 million compared to Ps. 9,639 million in the first half of 2023. Mexican sales decreased 32% from Ps. 13,308 million in the first half of 2023 to Ps. 8,992 million in the first half of 2024. Sales decreased for the first half of 2024 compared to the first half of 2023, is due to the combined of decrease in the average sales price of 22% and decrease in the volume of shipments approximately of 94 thousand tons that represent an 8%.
GUADALAJARA, MEXICO, May 6, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 Audited and December 31, 2022 Audited.
Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022.
Net Sales
Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,139 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 million 176 thousand tons in the twelve-month period ended December 31, 2023 compared to 2 million 255 thousand tons in the same period of 2022. Total sales outside of Mexico on the twelve-month period ended December 31, 2023 decreased 31% to Ps. 16,814 million compared with Ps. 24,515 million in the same period of 2022. Total sales in Mexico decreased 18% from Ps. 29,644 million in the twelve-month period ended December 31, 2022 to Ps. 24,325 million in the same period of 2023. The decrease of 4% in sales and to a lower average sales price 21%.
GUADALAJARA, Mexico, April 25, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the three-month period ended March 31, 2024.
Comparative first quarter of 2024 vs. first quarter of 2023
Net SalesThe net sales of the company decreased derived from a less sales price. Sales passed from Ps. 12,825 million in the first quarter of 2023 to Ps. 7,885 million in the same period of 2024. Shipments of steel finished goods decreased 21% from 604 thousand tons in the first quarter of 2023 compared to 479 thousand tons in the same period of 2024. Total sales outside of Mexico in the first quarter of 2024 decreased 29% to reach Ps. 3,694 million compared to Ps. 5,181 million in the same period of 2023. The Mexican sales decreased 45% from Ps. 7,644 million in the first quarter of 2023 to Ps. 4,191 million in the same period of 2024. The decrease in sales can be explained, from mainly due to a lower volume of tons shipped and the average sales price per ton of steel finished goods decreased 22% in the first quarter of 2024 compared with the same period of 2023.
GUADALAJARA, Mexico, Feb. 27, 2024 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the twelve-month period ended December 31, 2023 and December 31, 2022 Audited.
Twelve-Month Period Ended December 31, 2023 compared to Twelve-Month Period Ended December 31, 2022.
Net Sales
Net sales decreased 24% by the combination shipments of finished steel products and a lower average sales price by 21% compared the same period of 2022, the sales decreased from Ps. 54,159 million in the twelve-month period ended December 31, 2022 to Ps. 41,217 million in the same period of 2023. Shipments of finished steel products decreased 4% to 2 million 176 thousand tons in the twelve-month period ended December 31, 2023 compared to 2 million 255 thousand tons in the same period of 2022. Total sales outside of Mexico on the twelve-month period ended December 31, 2023 decreased 31% to Ps. 16,891 million compared with Ps. 24,515 million in the same period of 2022. Total sales in Mexico decreased 18% from Ps. 29,644 million in the twelve-month period ended December 31, 2022 to Ps. 24,326 million in the same period of 2023. The decrease of 4% in sales and to a lower average sales price 21%.
Unusual movements in the negotiation of the shares comprising the share capital of "SIMEC" series "B"
GUADALAJARA, Mexico, Nov. 21, 2023 /PRNewswire/ -- Regarding the unusual movements presented today in the operation identified as associated with ticker symbol "SIMEC" values, the issuer company reports that such operations or herein cause of, are not of the knowledge of Grupo Simec and that they correspond to conditions of the market.
It is not of the knowledge of Grupo Simec that such movements have involved members of its board of directors, executive officers or repurchase fund.
GUADALAJARA, Mexico, Oct. 25, 2023 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE: SIM) ("Simec") announced today its results of operations for the nine-month period ended September 30, 2023.
Comparative first nine months of 2023 vs. first nine months of 2022
Net SalesNet sales of the Company decreased to Ps. 32,401 million in the first nine months of 2023 compared to Ps. 44,012 million in the first nine months of 2022. Shipments of finished steel products decreased 5% to 1 million 640 thousand tons in the first nine months of 2023 compared to 1 million 720 thousand tons in the first nine months of 2022. Total sales outside of Mexico in the first nine months of 2023 decreased 35% to Ps. 13,571 million compared to Ps. 20,812 million in the same period of 2022. Mexican sales decreased 19% from Ps. 23,200 million in the first nine months of 2022 to Ps. 18,830 million in the same period of 2023. The decrease in sales for the first nine months of 2023 is due to a decrease in the average selling price in 23% and with a lower volume of shipments compared to the first nine months of 2022.
Consolidation of production to Grupo Simec's state-of-the-art Tlaxcala, Mexico mill enables more competitive pricing, increased environmental responsibility, and enhanced product quality.
GUADALAJARA, Mexico, Aug. 10, 2023 /PRNewswire/ -- Grupo Simec (AMEX:SIM), a leading international producer of special bar quality (SBQ) steel, steel wire, rebar, and commercial and structural steel long products, today announces it will indefinitely idle steelmaking operations at its Republic Steel mills in Canton, Ohio, and Lackawanna, N.Y.
