Rassini, S.A.B. de C.V. and Subsidiaries Unaudited Results for the First Quarter of 2017

MEXICO CITY, April 24, 2017 /PRNewswire/ -- Rassini, S.A.B. de C.V. (Mexican Stock Exchange Ticker: RASSINI), a Mexican industrial company engaged in the design and manufacture of suspension and brake components for the automotive industry, announced today its unaudited financial results for the first quarter ended March 31, 2017.

First Quarter 2017 Financial Highlights:

• Net revenue climbed to $4,880 million Mexican pesos.
• EBITDA reached $998 million Mexican pesos.
• Net operation cash flow rose to $574 million Mexican pesos.
• Net income before taxes and minority interest increased to $598 million Mexican pesos.
• Net Debt / annualized EBITDA ratio as of March 31, 2017 was 0.2x.
• EBITDA / Net Interest Expense ratio as of March 31, 2017 was 12.5x.

Financial Results:

For a complete overview of our financial results, please visit:
http://ir.rassini.com/en/reportes-trimestrales

Conference Call:

Rassini will host a conference call on Tuesday, April 25, 2017 at 9:00 am (U.S. Central Time/Mexico City Time) / 10:00 am (U.S. Eastern Time) to discuss its unaudited first quarter financial results and recent business activities.

The conference call may be accessed using the following numbers:

Please dial in approximately 10 minutes before the scheduled time of this call.

A replay of the conference call will be available starting from 12:00 pm (U.S. Central Time/Mexico City Time) on April 25, 2017 to 11:00 (U.S. Central Time/Mexico City Time) on April 29, 2017 using the following numbers:

A presentation deck for the call will be available at:
http://ir.rassini.com/en/reportes-trimestrales

RASSINI

Rassini is a leading designer and manufacturer of suspension and brake components for the global automotive industry, mainly focused on original equipment manufacturers (OEMs).

Rassini is the world's largest producer of suspension components for light commercial vehicles as well as the largest fully integrated brakes disc producer in the Americas and has eight manufacturing sites strategically located in Mexico, the US and Brazil, as well as four tech centers located in the same countries.

Suspension products include leaf springs (parabolic and multi-leaf) for light and commercial trucks, coil springs and bushings. The brakes business manufactures rotors, drums, brake assemblies, clutch plates and motor balancers.

Its solid and diversified customer base includes: General Motors, Ford Motor Co., FCA, Nissan, Volkswagen, Toyota, MAN, Scania, Maserati, Mercedes Benz and Daimler among others.

Contact:

Francisco Freyre Servín
Rassini, S.A.B. de C.V.
Tel: (5255) 5229-58-20
E-mail: ffreyre@rassini.com 
www.rassini.com

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/rassini-sab-de-cv-and-subsidiaries-unaudited-results-for-the-first-quarter-of-2017-300444627.html

SOURCE Rassini, S.A.B. de C.V.