Orbia Advance Corporation SAB de CV ( (MXCHF) ) has released its Q4 earnings. Here is a breakdown of the information Orbia Advance Corporation SAB de CV presented to its investors.
Orbia Advance Corporation, S.A.B. de C.V. is a global company specializing in polymer solutions, building and infrastructure, precision agriculture, connectivity solutions, and fluor & energy materials. The company is known for its commitment to advancing life through innovative solutions and operates in over 50 countries worldwide.
Orbia recently released its unaudited fourth quarter and full-year 2024 financial results, highlighting a challenging year due to global market dynamics. The company reported a full-year EBITDA of $1,097 million, a 25% decrease from 2023, impacted by lower volumes and prices across most segments.
Key financial metrics for Q4 2024 included net revenues of $1,780 million, a slight increase from Q4 2023, driven by growth in Precision Agriculture and Polymer Solutions. Despite this, the quarter’s EBITDA decreased by 2% to $222 million, although the adjusted EBITDA rose by 21% when excluding one-time costs. For the full year, net revenues decreased by 9% to $7,506 million, reflecting challenging conditions in all business segments.
Looking ahead, Orbia remains cautiously optimistic about future market conditions, as expressed by CEO Sameer Bharadwaj. The company plans to continue focusing on cost optimization and strategic growth investments, with a projected 2025 EBITDA of approximately $1,250 million. Despite the anticipated ongoing challenges, Orbia is confident in its long-term market positioning and growth potential.