Vitro reports 3Q'08 sales up 8.9 percent, EBITDA up 11.4 percent
October 29, 2008
Vitro S.A.B. de C.V., one of the world's largest producers and distributors of glass products, today announced 3Q'08 unaudited results. Year over year consolidated net sales rose 8.9 percent while EBITDA increased 11.4 percent. The consolidated EBITDA margin increased to 14.5 percent from 14.1 percent in the same period last year despite a 68 percent increase in natural gas prices, according to an Oct. 29 Market Watch report.