MEXICO CITY, Oct. 27, 2021 /PRNewswire/ -- Grupo Elektra,
S.A.B. de C.V. (BMV: ELEKTRA* Latibex: XEKT), Latin America's leading specialty retailer and
financial services company, and the largest non-bank provider of
cash advance services in the United
States, today announced third quarter 2021 financial
results.
Third Quarter Results
Consolidated revenue grew 20%, to Ps.35,504 million in the
period, compared to Ps.29,646 million in the same quarter of the
previous year. Operating costs and expenses were Ps.29,947 million,
from Ps.27,438 million in the same period of 2020.
As a result, EBITDA was Ps.5,557 million, compared to Ps.2,208
million a year ago. Operating income was Ps.3,433 million this
quarter, from Ps.281 million in the same period of 2020.
The company reported net income of Ps.999 million, compared to a
net loss of Ps.1,636 million a year ago.
|
3Q
2020
|
3Q
2021
|
Change
|
|
|
|
Ps.
|
%
|
|
|
|
|
|
Consolidated
revenue
|
$29,646
|
$35,504
|
$5,858
|
20%
|
|
|
|
|
|
EBITDA
|
$2,208
|
$5,557
|
$3,349
|
----
|
|
|
|
|
|
Operating
result
|
$281
|
$3,433
|
$3,152
|
----
|
|
|
|
|
|
Net
result
|
-$1,636
|
$999
|
$2,635
|
----
|
|
|
|
|
|
Net result per
share
|
-$7.19
|
$4.39
|
$11.59
|
----
|
|
|
|
|
|
|
|
|
|
|
Figures in millions
of pesos
|
EBITDA: Earnings
Before Interest, Taxes, Depreciation and Amortization.
|
As of September 30,
2020, Elektra* outstanding shares were 227.6 million and as of
September 30, 2021, were 227.2 million.
|
|
Revenue
Consolidated revenue increased 20% in the period, as a result of
a 25% growth in financial income and a 14% increase in commercial
sales.
The increase in financial income — to Ps.20,202 million, from
Ps.16,188 million in the previous year — reflects a 29% increase in
Banco Azteca México's income, in the context of strong growth in
the gross loan portfolio in the period, which boosts the well-being
of millions of families and the expansion of activities of
thousands of businesses.
The increase in sales of the commercial business — to Ps.15,302
million, from Ps.13,457 million a year ago — results largely from
solid growth in sales of Italika motorcycles — which enhances
business productivity and mobility of families — and telephony —
that strengthens the connectivity of an increased number of users —
commercialized with optimal customer service, in the most
competitive market conditions.
Sales of the commercial business had an additional boost with
the development of new stores with a format that offers an optimal
mix of merchandise and services, and allows to maximize the
customer's shopping experience. Similarly, the Omnichannel
operations, with the online store www.elektra.com.mx, which sells
thousands of products at unparalleled prices, from any device and
at any time, further strengthened business performance.
Costs and Expenses
Consolidated costs for the quarter grew 17%, to Ps.16,855
million, from Ps.14,380 million in the previous year, as a result
of a 19% increase in commercial cost — consistent with higher
revenue from merchandise sales — and an increase of 14% in the cost
of the financial business, derived from the increase in loan loss
reserves, in line with the growth of the gross loan portfolio in
the period.
Selling, administrative and promotional expenses were Ps.13,092
million practically unchanged from Ps.13,058 million a year ago, as
a result of higher operating expenses, offset by reductions in
personnel and advertising expenses. The stability in expenses,
compared to the growing income in the period, reflects the
implementation of strategies that effectively enhance the operating
efficiency of the company.
EBITDA and net result
EBITDA was Ps.5,557 million, from Ps.2,208 million from the
previous year. The company reported operating income of Ps.3,433
million, compared to Ps.281 million in the same quarter of
2020.
The most important variation below EBITDA was an increase of
Ps.469 million in other financial results, which reflects a 3%
reduction this quarter in the market value of the underlying
financial instruments that the company owns — and that does not
imply cash flow — compared to a 5% decrease a year ago.
Consistent with the results of the quarter, there was an
increase of Ps.1,139 million in the provision for taxes in the
period.
Grupo Elektra reported net income of Ps.999 million, from a loss
of Ps.1,636 million a year ago.
Unconsolidated Balance Sheet
In order to allow the visualization of the non-consolidated
financial situation, a pro forma exercise of the balance sheet of
Grupo Elektra is presented, excluding the net assets of the
financial business, whose investment is valued under the equity
method, in this case.
This presentation shows the debt of the company without
considering Banco Azteca's immediate and term deposits, which do
not constitute debt with cost for Grupo Elektra. The pro forma
balance sheet also does not include the bank's gross loan
portfolio.
This proforma exercise provides greater clarity regarding the
businesses that make up the company and allows financial market
participants to estimate the value of the company, considering only
the relevant debt for such calculations.
Consistent with this, the debt with cost was Ps.32,505 million
as of September 30, 2021, compared to
Ps.25,731 million in the previous year. The balance of cash and
cash equivalents was Ps.7,476 million, from Ps.5,358 million from
the previous year. As a result, net debt as of September 30, 2021, was Ps.25,029 million,
compared to Ps.20,373 million a year ago.
As previously announced, during the first quarter, Grupo
Elektra's subsidiary, Nueva Elektra del Milenio, S.A. de C.V., as
originator, placed through a special purpose vehicle established
under Luxembourg law, Senior Notes
for US$500 million, for seven years,
at a 4.875% rate, in international markets.
On the other hand, during the quarter, Certificados Bursátiles
Fiduciarios for Ps.2,030 million were early amortized. The amount
corresponds to the outstanding balance of the DINEXCB 16 issues —
for Ps.1,350 million due 2023 with a rate of TIIE + 2.8% — and
DINEXCB 16-2 for Ps.680 million, due 2026 and a fixed rate of
8.8%.
As of September 30, 2021, the
company's stockholders' equity was Ps.104,639 million, and the
stockholders' equity to total liabilities ratio was 1.35 times.
|
|
As of September
30 2020
|
As of September 30
2021
|
Change
|
|
Ps.
|
%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
$5,358
|
$7,476
|
2,118
|
40%
|
|
Marketable financial
instruments
|
38,774
|
34,734
|
(4,041)
|
(10%)
|
|
Inventories
|
14,200
|
19,130
|
4,930
|
35%
|
|
Accounts
receivables
|
47,088
|
58,408
|
11,320
|
24%
|
|
Other current
assets
|
3,655
|
5,167
|
1,512
|
41%
|
|
Investments in
shares
|
35,686
|
38,189
|
2,503
|
7%
|
|
Fixed
assets
|
7,695
|
7,406
|
(290)
|
(4%)
|
|
Right of use
assets
|
8,556
|
8,700
|
144
|
2%
|
|
Other
assets
|
1,543
|
2,757
|
1,215
|
79%
|
|
|
|
|
|
|
|
Total
assets
|
$162,555
|
$181,967
|
$19,412
|
12%
|
|
|
|
|
|
|
|
Short-term
debt
|
$11,356
|
$14,450
|
3,095
|
27%
|
|
Suppliers
|
9,184
|
8,374
|
(810)
|
(9%)
|
|
Other short-term
liabilities
|
13,853
|
12,967
|
(886)
|
(6%)
|
|
Long-term
debt
|
14,375
|
18,055
|
3,680
|
26%
|
|
Differed
taxes
|
10,217
|
12,284
|
2,066
|
20%
|
|
Other long-term
debt
|
9,470
|
11,198
|
1,728
|
18%
|
|
|
|
|
|
|
|
Total
liabilities
|
$68,455
|
$77,328
|
$8,874
|
13%
|
|
|
|
|
|
|
|
Stakeholder´s
equity
|
$94,100
|
$104,639
|
$10,539
|
11%
|
|
|
|
|
|
|
|
Liabilities and
equity
|
$162,555
|
$181,967
|
$19,412
|
12%
|
Figures in millions of pesos.
Consolidated Balance Sheet
Loan Portfolio and Deposits
Banco Azteca Mexico, Purpose Financial and Banco Azteca Latin
America's consolidated gross portfolio as of September 30, 2021, grew 10%, to Ps.129,929
million, from Ps.118,026 million the previous year. The
consolidated delinquency rate was 4.7% at the end of this period,
compared to 5.1% the previous year.
Banco Azteca México's gross portfolio balance increased 13% to
Ps.111,888 million, from Ps.99,395 million a year ago. The Bank's
delinquency rate at the end of the quarter was 4.7%, compared to
5.1% the previous year.
The average term of the credit portfolio for principal credit
lines — consumer, personal loans, and Tarjeta Azteca — was 64 weeks
at the end of the third quarter.
Grupo Elektra's consolidated deposits were Ps.180,609 million,
compared to Ps.176,535 million a year ago. Banco Azteca México's
traditional deposits were Ps.177,908 million, from Ps.170,634
million from the previous year.
The ratio of deposits to gross portfolio of Banco Azteca Mexico
of 1.6 times, strengthens the solid growth prospects of the Bank,
with optimal funding cost.
The capitalization ratio of Banco Azteca México was 14.8%.
Infrastructure
Grupo Elektra currently has 6,400 points of contact, compared to
6,945 units the previous year. The decrease is mainly due to the
closure of 280 contact points in Latin
America, largely derived from the sale of Banco Azteca del
Peru in the fourth quarter of
2020, as well as the closure of 249 contact points of Purpose
Financial in the United States —
in the context of strategies aimed at boosting online credit
operations and strengthening the company's operating
efficiency.
In Mexico, in the last twelve
months, 20 new Elektra stores were opened in strategic locations,
with a format that offers an optimal mix of products and services,
and allows the customer to maximize the purchase experience.
The company has 4,762 storefronts in Mexico at the end of the quarter, 1,272 in
the United States, and 366 in
Central America. The important
distribution network allows the company to maintain close contact
with customers and grants a superior market positioning in the
countries where it operates.
Nine-month consolidated results
Consolidated revenues in the first nine months of the year grew
19%, to Ps.102,957 million, from Ps.86,844 million registered in
the same period of 2020, driven by a 28% growth in sales of the
commercial business and 12% in financial business income.
EBITDA was Ps.16,076 million, compared to Ps.5,687 million in
the previous year. The company reported operating income of
Ps.9,989 million, from an operating loss of Ps.281 million a year
ago.
In the first nine months of 2021, a net income of Ps.10,996
million was recorded, compared to a loss of Ps.5,031 million a year
ago. The change reflects superior operating results this period, as
well as a gain in the market value of the underlying financial
instruments that the company owns — and that does not imply cash
flow — compared to loss in the previous year.
|
9M
2020
|
9M
2021
|
Change
|
|
|
|
Ps.
|
%
|
|
|
|
|
|
Consolidated
revenue
|
$86,844
|
$102,957
|
$16,112
|
19%
|
|
|
|
|
|
EBITDA
|
$5,687
|
$16,076
|
$10,389
|
----
|
|
|
|
|
|
Operating
profit
Net
result
|
$(281)
$(5,031)
|
$9,989
$10,996
|
$10,270
$16,027
|
----
----
|
|
|
|
|
|
Net resul per
share
|
$(22.10)
|
$48.40
|
$70.50
|
----
|
|
|
|
|
|
Figures in millions
of pesos
|
EBITDA: Earnings
Before Interest, Taxes, Depreciation and Amortization.
|
As of September 30,
2020, Elektra* outstanding shares were 227.6 million and as of
September 30, 2021, were 227.2 million.
|
Company Profile:
Grupo Elektra is Latin
America's leading financial services company and specialty
retailer and the largest non-bank provider of cash advance services
in the United States. The group operates more than 6,600
points of contact in Mexico,
the United States, Guatemala, Honduras, Panama and Peru
Grupo Elektra is a Grupo Salinas company (www.gruposalinas.com),
a group of dynamic, fast growing, and technologically advanced
companies focused on creating: economic value through market
innovation and goods and services that improve standards of living;
social value to improve community wellbeing; and environmental
value by reducing the negative impact of its business activities.
Created by Mexican entrepreneur Ricardo B.
Salinas (www.ricardosalinas.com), Grupo Salinas operates as
a management development and decision forum for the top leaders of
member companies. These companies include TV Azteca
(www.TVazteca.com; www.irtvazteca.com), Grupo Elektra
(www.grupoelektra.com.mx), Banco Azteca (www.bancoazteca.com.mx),
Purpose Financial (havepurpose.com), Afore Azteca
(www.aforeazteca.com.mx), Seguros Azteca
(www.segurosazteca.com.mx), Punto Casa de Bolsa
(www.puntocasadebolsa.mx), Totalplay (irtotalplay.mx;
www.totalplay.com.mx) and Totalplay Empresarial
(totalplayempresarial.com.mx). TV Azteca and Grupo Elektra trade
shares on the Mexican Stock Market and in Spains' Latibex market.
Each of the Grupo Salinas companies operates independently, with
its own management, board of directors and shareholders. Grupo
Salinas has no equity holdings. The group of companies shares a
common vision, values and strategies for achieving rapid growth,
superior results and world-class performance.
Except for historical information, the matters discussed in
this press release are concepts about the future that involve risks
and uncertainty that may cause actual results to differ materially
from those projected. Other risks that may affect Grupo Elektra and
its subsidiaries are presented in documents sent to the securities
authorities.
Investor
Relations:
|
Bruno
Rangel
|
|
Rolando
Villarreal
|
Grupo
Salinas
|
|
Grupo Elektra, S.A.B.
de C.V.
|
Tel. +52 (55)
1720-9167
|
|
Tel. +52 (55)
1720-9167
|
jrangelk@gruposalinas.com.mx
|
|
rvillarreal@elektra.com.mx
|
|
Press
Relations:
|
|
|
Luciano
Pascoe
|
|
|
Tel. +52 (55) 1720
1313 ext. 36553
|
|
|
lpascoe@gruposalinas.com.mx
|
|
|
|
|
|
|
|
|
|
|
|
|
GRUPO ELEKTRA,
S.A.B. DE C.V. AND SUBSIDIARIES
|
CONSOLIDATED
INCOME STATEMENTS
|
MILLIONS OF
MEXICAN PESOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q20
|
|
3Q21
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
income
|
16,188
|
55%
|
|
20,202
|
57%
|
|
4,013
|
25%
|
|
|
Commercial
income
|
13,457
|
45%
|
|
15,302
|
43%
|
|
1,845
|
14%
|
|
|
Income
|
29,646
|
100%
|
|
35,504
|
100%
|
|
5,858
|
20%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
cost
|
5,138
|
17%
|
|
5,849
|
16%
|
|
711
|
14%
|
|
|
Commercial
cost
|
9,242
|
31%
|
|
11,006
|
31%
|
|
1,765
|
19%
|
|
|
Costs
|
14,380
|
49%
|
|
16,855
|
47%
|
|
2,475
|
17%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
income
|
15,266
|
51%
|
|
18,649
|
53%
|
|
3,383
|
22%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales,
administration and promotion expenses
|
13,058
|
44%
|
|
13,092
|
37%
|
|
34
|
0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
2,208
|
7%
|
|
5,557
|
16%
|
|
3,349
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
2,009
|
7%
|
|
2,132
|
6%
|
|
123
|
6%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation right of
use asset
|
|
0%
|
|
|
0%
|
|
-
|
0%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other income,
net
|
(82)
|
0%
|
|
(8)
|
0%
|
|
73
|
90%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating
income
|
281
|
1%
|
|
3,433
|
10%
|
|
3,152
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
financial result:
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
231
|
1%
|
|
242
|
1%
|
|
11
|
5%
|
|
|
Interest expense
|
(849)
|
-3%
|
|
(867)
|
-2%
|
|
(18)
|
-2%
|
|
|
Foreign exchange gain,
net
|
47
|
0%
|
|
65
|
0%
|
|
18
|
38%
|
|
|
Monetary loss
|
-
|
0%
|
|
-
|
0%
|
|
-
|
----
|
|
|
Other financial results,
net
|
(1,961)
|
-7%
|
|
(1,492)
|
-4%
|
|
469
|
24%
|
|
|
|
(2,532)
|
-9%
|
|
(2,052)
|
-6%
|
|
480
|
19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participation
in the net income of
|
|
|
|
|
|
|
|
|
|
|
CASA and other
associated companies
|
63
|
0%
|
|
24
|
0%
|
|
(39)
|
-62%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income
before income tax
|
(2,188)
|
-7%
|
|
1,405
|
4%
|
|
3,593
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
|
735
|
2%
|
|
(404)
|
-1%
|
|
(1,139)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income
before discontinued operations
|
(1,453)
|
-5%
|
|
1,001
|
3%
|
|
2,454
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Result from
discontinued operations
|
(183)
|
-1%
|
|
(2)
|
0%
|
|
181
|
99%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Impairment of
intangible assets
|
|
0%
|
|
|
0%
|
|
-
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net
(loss) income
|
(1,636)
|
-6%
|
|
999
|
3%
|
|
2,635
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GRUPO ELEKTRA,
S.A.B. DE C.V. AND SUBSIDIARIES
|
CONSOLIDATED
INCOME STATEMENTS
|
MILLIONS OF
MEXICAN PESOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9M20
|
|
9M21
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
income
|
51,851
|
60%
|
|
58,217
|
57%
|
|
6,367
|
12%
|
|
|
Commercial
income
|
34,994
|
40%
|
|
44,740
|
43%
|
|
9,746
|
28%
|
|
|
Income
|
86,844
|
100%
|
|
102,957
|
100%
|
|
16,112
|
19%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial
cost
|
20,409
|
24%
|
|
16,325
|
16%
|
|
(4,084)
|
-20%
|
|
|
Commercial
cost
|
23,128
|
27%
|
|
31,884
|
31%
|
|
8,757
|
38%
|
|
|
Costs
|
43,536
|
50%
|
|
48,209
|
47%
|
|
4,673
|
11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Gross
income
|
43,308
|
50%
|
|
54,748
|
53%
|
|
11,440
|
26%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Sales,
administration and promotion expenses
|
37,621
|
43%
|
|
38,672
|
38%
|
|
1,051
|
3%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBITDA
|
5,687
|
7%
|
|
16,076
|
16%
|
|
10,389
|
100%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and
amortization
|
6,037
|
7%
|
|
6,194
|
6%
|
|
157
|
3%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other loss (income),
net
|
(69)
|
0%
|
|
(106)
|
0%
|
|
(37)
|
-54%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating (loss)
income
|
(281)
|
0%
|
|
9,989
|
10%
|
|
10,270
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Comprehensive
financial result:
|
|
|
|
|
|
|
|
|
|
|
Interest income
|
739
|
1%
|
|
620
|
1%
|
|
(119)
|
-16%
|
|
|
Interest expense
|
(2,732)
|
-3%
|
|
(2,782)
|
-3%
|
|
(50)
|
2%
|
|
|
Foreign exchange gain,
net
|
2,489
|
3%
|
|
309
|
0%
|
|
(2,179)
|
-88%
|
|
|
Other financial results,
net
|
(6,039)
|
-7%
|
|
7,618
|
7%
|
|
13,657
|
----
|
|
|
|
(5,543)
|
-6%
|
|
5,766
|
6%
|
|
11,309
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Participation
in the net income of
|
|
|
|
|
|
|
|
|
|
|
CASA and other
associated companies
|
(696)
|
-1%
|
|
45
|
0%
|
|
742
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss) income
before income tax
|
(6,521)
|
-8%
|
|
15,800
|
15%
|
|
22,321
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income tax
|
2,044
|
2%
|
|
(4,673)
|
-5%
|
|
(6,717)
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(loss) income
before discontinued operations
|
(4,478)
|
-5%
|
|
11,126
|
11%
|
|
15,604
|
----
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Result from
discontinued operations
|
(554)
|
-1%
|
|
(130)
|
0%
|
|
423
|
76%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Consolidated net
(loss) income
|
(5,031)
|
-6%
|
|
10,996
|
11%
|
|
16,027
|
----
|
|
|
GRUPO ELEKTRA,
S.A.B. DE C.V. AND SUBSIDIARIES
|
|
|
|
|
|
CONSOLIDATED
BALANCE SHEET
|
|
|
|
|
|
|
MILLIONS OF
MEXICAN PESOS
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial
Business
|
Financial
Business
|
Grupo
Elektra
|
|
Commercial
Business
|
Financial
Business
|
Grupo
Elektra
|
|
|
|
|
|
|
|
|
|
|
|
Change
|
|
|
|
|
|
|
|
|
|
|
|
|
At September
30, 2020
|
|
At September
30, 2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash
equivalents
|
5,358
|
30,343
|
35,701
|
|
7,476
|
29,399
|
36,875
|
|
1,174
|
3%
|
|
|
|
|
|
|
|
|
|
|
|
Marketable financial
instruments
|
9,689
|
85,492
|
95,182
|
|
7,233
|
112,619
|
119,852
|
|
24,670
|
26%
|
|
|
|
|
|
|
|
|
|
|
|
Performing loan
portfolio
|
-
|
67,154
|
67,154
|
|
-
|
75,574
|
75,574
|
|
8,420
|
13%
|
Total past-due
loans
|
-
|
5,061
|
5,061
|
|
-
|
5,057
|
5,057
|
|
(3)
|
0%
|
Gross loan
portfolio
|
-
|
72,214
|
72,214
|
|
-
|
80,631
|
80,631
|
|
8,417
|
12%
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit
risks
|
-
|
8,885
|
8,885
|
|
-
|
12,257
|
12,257
|
|
3,372
|
38%
|
|
|
|
|
|
|
|
|
|
|
|
Loan portfolio,
net
|
-
|
63,329
|
63,329
|
|
-
|
68,374
|
68,374
|
|
5,045
|
8%
|
|
|
|
|
|
|
|
|
|
|
|
Inventories
|
14,200
|
-
|
14,200
|
|
19,130
|
-
|
19,130
|
|
4,930
|
35%
|
|
|
|
|
|
|
|
|
|
|
|
Other current
assets
|
16,763
|
13,152
|
29,914
|
|
18,032
|
11,044
|
29,076
|
|
(838)
|
-3%
|
|
|
|
|
|
|
|
|
|
|
|
Total current
assets
|
46,009
|
192,316
|
238,326
|
|
51,871
|
221,436
|
273,307
|
|
34,982
|
15%
|
|
|
|
|
|
|
|
|
|
|
|
Financial
instruments
|
29,085
|
159
|
29,244
|
|
27,501
|
50
|
27,551
|
|
(1,693)
|
-6%
|
|
|
|
|
|
|
|
|
|
|
|
Performing loan
portfolio
|
-
|
44,857
|
44,857
|
|
-
|
48,213
|
48,213
|
|
3,356
|
7%
|
Total past-due
loans
|
-
|
955
|
955
|
|
-
|
1,085
|
1,085
|
|
130
|
14%
|
Gross loan
portfolio
|
-
|
45,812
|
45,812
|
|
-
|
49,298
|
49,298
|
|
3,486
|
8%
|
|
|
|
|
|
|
|
|
|
|
|
Allowance for credit
risks
|
-
|
1,559
|
1,559
|
|
-
|
1,996
|
1,996
|
|
437
|
28%
|
|
|
|
|
|
|
|
|
|
|
|
Loan
portfolio
|
-
|
44,253
|
44,253
|
|
-
|
47,302
|
47,302
|
|
3,049
|
7%
|
|
|
|
|
|
|
|
|
|
|
|
Other non-current
assets
|
19,921
|
189
|
20,110
|
|
32,590
|
313
|
32,902
|
|
12,792
|
64%
|
Investment in
shares
|
1,300
|
-
|
1,300
|
|
1,879
|
-
|
1,879
|
|
579
|
45%
|
Property, furniture,
equipment and
|
|
|
|
|
|
|
|
|
|
|
investment in
stores, net
|
7,695
|
8,141
|
15,836
|
|
7,406
|
8,138
|
15,543
|
|
(293)
|
-2%
|
Intangible
assets
|
508
|
7,753
|
8,261
|
|
519
|
7,213
|
7,733
|
|
(529)
|
-6%
|
Right of use
asset
|
8,556
|
1,763
|
10,318
|
|
8,488
|
2,462
|
10,950
|
|
632
|
6%
|
Other
assets
|
1,034
|
8,979
|
10,013
|
|
2,238
|
6,192
|
8,430
|
|
(1,583)
|
-16%
|
TOTAL
ASSETS
|
114,109
|
263,553
|
377,662
|
|
132,492
|
293,106
|
425,598
|
|
47,936
|
13%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Demand and term
deposits
|
-
|
176,535
|
176,535
|
|
-
|
180,609
|
180,609
|
|
4,074
|
2%
|
Creditors from
repurchase agreements
|
-
|
21,424
|
21,424
|
|
-
|
43,657
|
43,657
|
|
22,232
|
104%
|
Short-term
debt
|
11,127
|
617
|
11,744
|
|
14,450
|
102
|
14,553
|
|
2,809
|
24%
|
Leasing
|
2,087
|
977
|
3,065
|
|
1,412
|
1,104
|
2,516
|
|
(549)
|
-18%
|
Short-term
liabilities with cost
|
13,214
|
199,554
|
212,768
|
|
15,863
|
225,471
|
241,334
|
|
28,566
|
13%
|
|
|
|
|
|
|
|
|
|
|
|
Suppliers and other
short-term liabilities
|
20,194
|
13,600
|
33,794
|
|
19,700
|
15,218
|
34,918
|
|
1,124
|
3%
|
Short-term
liabilities without cost
|
20,194
|
13,600
|
33,794
|
|
19,700
|
15,218
|
34,918
|
|
1,124
|
3%
|
|
|
|
|
|
|
|
|
|
|
|
Total short-term
liabilities
|
33,408
|
213,154
|
246,562
|
|
35,563
|
240,690
|
276,252
|
|
29,690
|
12%
|
|
|
|
|
|
|
|
|
|
|
|
Long-term
debt
|
14,337
|
20
|
14,357
|
|
18,055
|
14
|
18,069
|
|
3,712
|
26%
|
Leasing
|
7,469
|
928
|
8,398
|
|
8,039
|
1,325
|
9,363
|
|
965
|
11%
|
Long-term
liabilities with cost
|
21,807
|
949
|
22,755
|
|
26,094
|
1,338
|
27,432
|
|
4,677
|
21%
|
|
|
|
|
|
|
|
|
|
|
|
Long-term
liabilities without cost
|
12,218
|
2,026
|
14,244
|
|
15,443
|
1,831
|
17,274
|
|
3,031
|
21%
|
|
|
|
|
|
|
|
|
|
|
|
Total long-term
liabilities
|
34,024
|
2,975
|
36,999
|
|
41,537
|
3,170
|
44,707
|
|
7,708
|
21%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
LIABILITIES
|
67,432
|
216,129
|
283,561
|
|
77,100
|
243,859
|
320,959
|
|
37,398
|
13%
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
STOCKHOLDERS' EQUITY
|
46,677
|
47,424
|
94,100
|
|
55,392
|
49,246
|
104,639
|
|
10,539
|
11%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES +
EQUITY
|
114,109
|
263,553
|
377,662
|
|
132,492
|
293,106
|
425,598
|
|
47,936
|
13%
|
|
INFRASTRUCTURE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3Q20
|
|
3Q21
|
|
Change
|
|
|
|
|
|
|
|
|
|
Points of sale in
Mexico
|
|
|
|
|
|
|
|
|
Elektra
|
1,141
|
16%
|
|
1,146
|
18%
|
|
5
|
0%
|
Salinas y
Rocha
|
37
|
1%
|
|
36
|
1%
|
|
(1)
|
-3%
|
Banco
Azteca
|
1,846
|
27%
|
|
1,854
|
29%
|
|
8
|
0%
|
Freestanding
branches
|
1,754
|
25%
|
|
1,726
|
27%
|
|
(28)
|
-2%
|
Total
|
4,778
|
69%
|
|
4,762
|
74%
|
|
(16)
|
0%
|
|
|
|
|
|
|
|
|
|
Points of sale in
Central America
|
|
|
|
|
|
|
|
|
Elektra
|
192
|
3%
|
|
107
|
2%
|
|
(85)
|
-44%
|
Banco
Azteca
|
379
|
5%
|
|
206
|
3%
|
|
(173)
|
-46%
|
Freestanding
branches
|
75
|
1%
|
|
53
|
1%
|
|
(22)
|
-29%
|
Total
|
646
|
9%
|
|
366
|
6%
|
|
(280)
|
-43%
|
|
|
|
|
|
|
|
|
|
Points of sale in
North America
|
|
|
|
|
|
|
|
|
Purpose
Financial
|
1,521
|
22%
|
|
1,272
|
20%
|
|
(249)
|
-16%
|
Total
|
1,521
|
22%
|
|
1,272
|
20%
|
|
(249)
|
-16%
|
|
|
|
|
|
|
|
|
|
TOTAL
|
6,945
|
100%
|
|
6,400
|
100%
|
|
(545)
|
-8%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Floor space
(m²)
|
1,528
|
100%
|
|
1,456
|
100%
|
|
(73)
|
-5%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Employees
|
|
|
|
|
|
|
|
|
Mexico
|
64,058
|
86%
|
|
59,720
|
88%
|
|
(4,338)
|
-7%
|
Central and South
America
|
7,157
|
10%
|
|
5,283
|
8%
|
|
(1,874)
|
-26%
|
North
America
|
3,428
|
5%
|
|
2,980
|
4%
|
|
(448)
|
-13%
|
Total
employees
|
74,643
|
100%
|
|
67,983
|
100%
|
|
(6,660)
|
-9%
|
View original
content:https://www.prnewswire.com/news-releases/grupo-elektra-announces-remarkable-1-5-times-growth-in-ebitda-to-ps5-557-million-in-the-third-quarter-of-2021--301410459.html
SOURCE Grupo Elektra, S.A.B. de C.V.