Earnings Report /
Mexico

Grupo Mexico: GMEXICO, Quarterly Report 2Q21: Once again with record revenues and EBITDA

  • GMexico posted an outstanding quarter with profitability expansion exceeding expectations, due to metal prices hikes

  • Despite market concerns about the new Peruvian government, we believe that this will not have a significant impact

  • We reiterate GMexico within our selection of companies favored by the environment, with a very attractive valuation

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
28 July 2021
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