Accel, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 26, 2021 at 05:01 pm EST
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Accel, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was MXN 2,926.992 million compared to MXN 2,353.721 million a year ago. Operating income was MXN 224.146 million compared to MXN 192.927 million a year ago. Net income was MXN 117.513 million compared to MXN 87.025 million a year ago. Basic earnings per share was MXN 0.6217523 compared to MXN 0.46044262 a year ago. For the full year, sales was MXN 9,876.300 million compared to MXN 9,101.100 million a year ago. Operating income was MXN 540.100 million compared to MXN 1,191.306 million a year ago. Net income was MXN 249.395 million compared to MXN 538.938 million a year ago. Basic earnings per share was MXN 1.31952987 compared to MXN 1.28521823 a year ago.
Accel SAB de CV is a Mexico-based company engaged in the provision of outsourcing solutions. The Companyâs main activities are structured in two areas: Logistics Services, which offers such services as merchandise transport, warehousing, inventory administration and distribution center management, among others, and Manufacturing, which specializes in the production, packaging and sale of candies, sweets and dried fruits. In addition, it is involved in the real estate sector. As of December 31, 2011, the Company owned such subsidiaries as Almacenadora Accel SA, Elamex SA de CV, Accel Comercial SA de CV, Accel Servicios SA de CV, Accel Distribucion SA de CV, Servilogistics de Mexico SA de CV, Servicios Administrativos Accel SA de CV, Administradora de Servicios Accel SA de CV and Corporativo de Negocios de Comercio Exterior SA de CV, as well as it also held a 11.07% stake in Comercial Aerea SA de CV.
ACCEL, S.A.B. DE C.V. 
