ALPEK S.A.B. DE C.V: Alpek updates 2018 Consolidated Guidance; EBITDA increased to U.S. $750 million

Alpek S.A.B. de C.V. issued the following announcement on July 19.

Alpek, S.A.B. de C.V. announced today an update of its 2018 Consolidated Guidance, based on better-than-expected year-to-date results and the outlook for the remainder of the year. The revised figures include the estimated contribution of PetroquímicaSuape and Citepe (Suape/Citepe) to Volume, Sales and EBITDA. The new 2018 Consolidated Guidance considers an average Brent crude oil price of U.S. $71 per barrel versus the previous estimate of U.S. $57 per barrel. The new 2018 EBITDA Guidance includes a negative impact of U.S. $23 million in inventory losses and non-recurring legal expenses during the second half of the year, compared with a U.S. $31 million net gain accumulated as of June 30, 2018.

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                                         Amount                 Change %                          Amount              Change %
                                                                      (vs. 2017)                                                     (vs. 2017)    

Volume (Ktons)                4,615                          15                                   4,135                 3

Sales (Million)                  U.S. $ 6,825               30                                   U.S. $ 5,413      3

EBITDA(1) (Million)         U.S. $ 750                   95                                  U.S. $ 569         48

Original source can be found here.