Vitro SA have announced unaudited results for 4Q/04. Consolidated sales rose 2.1% year-on-year. Excluding Vitro Fibras (VIFISA) & Vitro Am National Can (VANCAN), divested in March & Sept/04 respectively, consolidated sales increased 6.6%. EBITDA at Glass Containers grew year-on-year 8.8% & 4.6% at Flat Glass. Consolidated EBITDA, however, fell year-on-year 10% with margins down 2% to 15.3%. On a comparable basis, consolidated EBITDA declined 2.0%, with margins down 1.3%-15.3 %. F Sada, CEO, noted: "Our 2004 results reflect the effectiveness of the "Glass Focus" strategy. For the first time in 6 years, on a comparable basis, Vitro reported an increase in EBITDA." A.Rodriguez CFO, said: "For the second consecutive quarter, on a comparable basis, all units reported sales growth. Flat Glass sales for the quarter rose 5.4%, with containers up 8.1% & 7.4% at Glassware."
