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Scotiabank downgraded Grupo Simec, S.A de C.V. from Sector Perform to Sector Underperform
GUADALAJARA, Mexico, April 30, 2025 /PRNewswire/ -- Grupo Simec, S.A.B. de C.V. (NYSE:SIM) ("Simec") announced today its results of operations for the three-period ended March 31, 2025. Comparative first quarter of 2025 vs. first quarter of 2024 Net Sales The net sales of the company decreased derived from a lower sales price. Sales decreased from Ps. 7,885 million in the first quarter of 2024 to Ps. 7,783 million in the same period of 2025. Shipments of steel finished goods decreased 1% from 479 thousand tons in the first quarter of 2024 compared to 476 thousand tons in the same period of 2025. Total sales outside of Mexico in the first quarter of 2025 decreased 6% to reach Ps. 3,469 milli
GUADALAJARA, Mexico, April 29, 2025 /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, 2024 Audited and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net SalesNet sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared to the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decr
GUADALAJARA, Mexico, Feb. 27, 2025 /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, 2024 and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net Sales Net sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decreased 6% t
GUADALAJARA, Mexico, April 29, 2025 /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, 2024 Audited and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net SalesNet sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared to the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decr
GUADALAJARA, Mexico, Feb. 27, 2025 /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, 2024 and December 31, 2023 Audited. Twelve-Month Period Ended December 31, 2024 compared to Twelve-Month Period Ended December 31, 2023. Net Sales Net sales decreased 18% by the combination of less shipments of finished steel products (6%) and a lower average sales price of 13% compared the same period of 2023, the sales decreased from Ps. 41,139 million in the twelve-month period ended December 31, 2023 to Ps. 33,658 million in the same period of 2024. Shipments of finished steel products decreased 6% t
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. 1
6-K - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
20-F - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)
NT 20-F - GRUPO SIMEC, S.A.B. de C.V. (0000887153) (Filer)