Earnings Report /
Mexico

Orbia Advance Corp: ORBIA, Quarterly Report 2Q21: Solid recovery inertia. Increases guidance again

  • Outstanding recovery momentum and faster than expected, supported by the performance of Vestolit and Wavin

  • Due to the improved outlook, the company raised its EBITDA guidance to +32-35% in 2021 (vs +15% previously)

  • We raised PT to MXN 65.00. The results support Orbia within our selection of companies favored by the environment

Marissa Garza Ostos
Marissa Garza Ostos

Head of Equity Research

Banorte
30 July 2021
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