The Connectivity Solutions business complemented the acquisition of Biarri Networks, a leading provider of technological services, specialized in the design of fiber optic networks, leading the business group to offer complete customized solutions.
Meanwhile, Building and Infrastructure acquired Bow Plumbing Group, a North American leader in the manufacture of plastic pipes and accessories for the residential and commercial construction industry, amplifying Orbia’s geographic presence and expanding the group’s product range.
Ebitda stood at 381 million dollars, decreasing 28% in the quarter, due to the slowdown in demand in some markets, along with the devaluation of currencies and higher input costs, particularly in Polymer Solutions, Building and Infrastructure and Precision Agriculture. .
The net income of the conglomerate was 86 million dollars in the third quarter of the year, decreasing 56% compared to the same period last year, derived from the aforementioned decrease in EBITDA.
Regionally, Orbia’s sales in the third quarter fell 12% in South America and 11% in Europe, this drop was offset by growth of 27% in Africa and others, 16% in North America and 4% in Asia.
“Our results this quarter demonstrated our resilience, as strong results from Connectivity Solutions and Fluorinated Solutions, as well as our vertical integration, helped mitigate difficulties from other business groups,” said Sammer Bharadwaj, CEO of Orbia.