Earnings Report /
Mexico

CFE Capital: Quarterly Report 3Q21: Results supported by higher volumes

  • FCFE showed solid increases, in line with expectations, due to good demand behavior and improved economic performance

  • We believe that demand will continue to show progress because of higher economic growth, which should drive results

  • FCFE has the highest distribution (10.7% LTM), so we reiterate our favorable view

Jose Itzamna Espitia Hernandez
Jose Itzamna Espitia Hernandez

Senior Equity Research Analyst, Infrastructure, Materials and Transportation

Banorte
30 October 2021
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