Wal-Mart de México said it achieved “solid” results in a “difficult” environment in 2009 with a lift in full-year profits.

For the 12 months to the end of December, Wal-Mart de México earned MXN16.8bn (US$1.29bn), a 15% increase on 2008.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Net sales rose 10.4% to reach MXN269.39bn, while EBITDA amounted to MEX26.91bn, a 13% increase on 2008.

Scot Rank, president and CEO, said: “I feel very proud of the results achieved in 2009. We achieved very solid results in a difficult economic environment and we improved our competitive position for the long term.”

The company struck a deal to buy Walmart Centroamerica, a retailer with over 500 stores in five Central American markets, in December.

And in the fourth quarter, net income rose 17% to reach MEX5.74bn, while net sales amounted to MEX80bn, a 10% increase on 2008. EBITDA also rose 10% to reach MEX8.55bn.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.