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.
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
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