Grupo Argos prioritizes the health of its employees and maintains an EBITDA margin of 27% year after year13 August 2020
• The organization implemented a close strategy of medical, physical and emotional support for its 14,000 employees.
• Thanks to the timely execution of a cost and expense variability strategy, Grupo Empresarial Argos managed to mitigate the lower revenues recorded during the quarter and maintained the EBITDA margin at 27% year after year.
• The quarterly results demonstrated the organization’s ability to adapt, which registered a quarterly EBITDA of COP 890,000 million and revenues of COP 3.3 billion, in a period that was impacted by the effects of COVID-19.
• At a consolidated level, the company has managed COP 2.8 billion in available resources to face the challenges of the situation. The positive cash generation of the companies of the business group stands out, amounting to COP 327,000 million as of June, which demonstrates its operational strength.
The results of the second quarter of the year show the adaptability of Grupo Empresarial Argos and the operational strength of its companies. During the quarter, the organization implemented the shock plan designed at the beginning of the situation and the expectations raised by the administration at the end of March were exceeded. Consolidated revenues for the second quarter reached COP 3.3 billion, while ebitda reached COP 890,000 million, both with a decrease of 15% compared to the same period of the previous year, where the performance of the cement businesses stands out. energy and urban development, while impacts were recorded in the concessions business, mainly derived from the closure of the El Dorado Airport as a result of the pandemic.
The positive signs observed in June are highlighted, a historical month in the generation of ebitda for Cementos Argos with COP 180,000 million, this being the best result in this period of the year for the cement business. In energy, the increase in the net profit of the parent company for the quarter that closed at COP 73,000 million stands out, as a result of Celsia’s strategic execution in recent years. For its part, in concessions, the recovery figure for road traffic stands out, which is between 60% and 70% of the historical figure. Finally, in the urban development business, agreements were recorded for COP 47,000 million derived from the negotiations of real estate for buildings in the department of Atlántico.
“Despite the decrease in economic activity in the regions in which we are present, the commitment of our collaborators has allowed us to successfully execute a shock plan to face this situation, demonstrating that we are resilient and have the ability to adapt quickly . In addition, diversification in sectors, currencies and regions has confirmed the power of the company’s strategy ”, stated Jorge Mario Velásquez.
During the pandemic, Argos Business Group has contributed more than COP 20,000 million to increase the care capacity of the health system with the provision of ICU beds for hospitals, the provision of tests and equipment to increase the diagnostic capacity of COVID-19, the delivery of personal protection items and the donation of food aid to vulnerable families in all regions of Colombia.
Grupo Argos' Urban Development Business increased its cash flow by over 500% and its EBITDA by 300% in the first quarter of the year19 May 2023
The Urban Development Business continues to consolidate its leadership in the development of high-quality urban projects and sustainable tourism in the northern region of the country, achieving record revenues of COP 90 billion (+49%), a net cash flow of nearly COP 26 billion (+500%), and in the case of EBITDA, a growth of 322% surpassing COP 38 billion.
Grupo Argos achieved historic results: revenues reached COP 5.7 trillion (+25%), EBITDA reached COP 1.6 trillion (+28%), and net income reached COP 570 billion (+81%).10 May 2023
Cementos Argos delivered a positive performance across its three regions: in Colombia, it achieved a 39% growth in EBITDA, in Central America, a 2% growth, and in the United States, an impressive 77% growth. Meanwhile, Celsia continued to strengthen its solar and energy transmission and distribution platforms, reporting in a consolidated EBITDA growth of 13%. Odinsa recorded an 18% increase in passenger traffic in its airport concessions, while its road infrastructure experienced a 3% growth in traffic.
Grupo Argos will pay over COP 499 billion in dividends to its shareholders. The first payment will be made this Tuesday, April 11th.10 April 2023
During the last ordinary Shareholders' Assembly meeting of Grupo Argos, a dividend of COP 575 per share was approved, representing a 15% increase compared to last year and reflecting the organization's solid performance in its results.
Grupo Argos had record historic results as of the fourth quarter of 2022: Accumulated consolidated revenue was COP 21.3 trillion (+31%), EBITDA was COP 5.2 trillion (+21%), and net income was COP 1.4 trillion (+19%).28 February 2023
These outstanding figures were accompanied by a deleveraging policy that, over the last three years implied a reduction of over COP 3 trillion in in net debt.