“We estimate that the increase in revenues was not enough to compensate for the pressures on the cost structure –despite the fact that most of the adjustments were probably in inputs of a variable nature–, such as energy, raw materials and food”, Banorte analysts indicated.
Specialists expect this corporate reporting season to be key in determining the impact of a potential recession, cost inflation and a more restrictive monetary policy on companies’ operations and results. They expect price movements and new expectations in almost all sectors.
“We will still see some favorable comparative bases in the corporate results of 3Q22, where a year ago with the economic reopening process, the number of coronavirus infections rebounded in August,” Vector analysts pointed out.
The results for the quarter could once again highlight the sustained growth in revenues, although at more moderate rates due to the upward effect implied by higher prices.
The companies that stood out in the category of income during the period from July to September of this year are Grupo Carso, with 43.7%; Infrastructure Promoter and Operator (Pinfra), with 39%; Southeast Airport Group (ASUR), with 24.1%; Alsea, with 22.8%; Grupo Aeroportuario del Pacífico, with 22.3% and Volaris, with 21%. In the opposite direction, the companies with the worst sales performance will be Televisa, with 21.3%; América Móvil at 14.9%; Grupo México will decrease 7.2% and Peñoles will drop 2.6%.