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%.
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