Quiñenco reverses first-quarter losses and reports earnings of Ch$105,835 million for the six months ended in June
Banco de Chile and Nexans made noteworthy contributions to the holding company’s results for the first half of the year. CSAV had a positive second quarter, partially offsetting the negative figures registered during the first months of the year. “The adjustment in freight rates during the second quarter, in comparison to the previous quarter, favorably […]
DownloadInvexans Limited carried out a US$50 million capital increase in Enex plc
June 25th, 2024.- Quiñenco announced that its subsidiary, Invexans Limited, carried out a capital increase in Enex plc for US$50 million, in addition to the increase of US$55 million carried out last March. This capitalization will contribute to further strengthen the capital structure of the company, supporting its development strategy.
DownloadTaxes on dividend distribution from Germany impact Quiñenco’s first quarter results
The holding company’s performance was affected by the US$159 million loss reported by CSAV, which was due to the tax expense incurred on dividends distributed from Germany and a weaker result from Hapag-Lloyd. Francisco Pérez Mackenna, CEO of Quiñenco, highlighted the strong performance of the operating companies, especially Banco de Chile and SM SAAM, in […]
DownloadQuiñenco’s results return to normal in 2023 after two exceptional years
Despite a significant drop in earnings after historic performances in 2021 and 2022, the holding company’s net income of $842 billion in 2023 was its third best year ever. Quiñenco CEO Francisco Pérez Mackenna stated that “the results of our companies over the last year show the strength and resilience of their operations. We have […]
DownloadQuiñenco’s subsidiary carried out a US$55 million capital increase in Enex plc
March 26th, 2024.- Quiñenco announced that its subsidiary Invexans Limited carried out a capital increase in Enex plc for US$55 million. The funds from this capital increase will be primarily used to finance the growth plan in the United States, a country where the company already operates 50 travel centers, and for the financing associated […]
DownloadQuiñenco announce changes to its Board of Directors
After four years on the board of directors and a decade related to the company, journalist Carolina García de la Huerta has resigned. The board has appointed the current dean of the Business School at Universidad Adolfo Ibáñez, Juan Carlos Jobet, as her replacement. Quiñenco’s Chairman Pablo Granifo expressed gratitude for “the commitment and excellence” […]
DownloadQuiñenco presents its new corporate image
The new logo retains the main features of the emblem that has accompanied the company for more than 25 years, introducing a twist that emphasizes its commitment to progress and development. “More than a change, it’s an evolution, a renewal of the image to project the values that support the work of our company,” […]
DownloadQuiñenco’s results continue normalization trend after historic 2022 performance
The company reported net income of Ch$725,753 million as of September 2023, down 73.3% from the same period last year, but higher than the years before the pandemic. The results also reflect the non-recurring contribution of two transactions recorded in the first nine months of the year: the sale of SM SAAM’s port business to […]
DownloadAndrónico Luksic resigns from the boards of Quiñenco, Banco de Chile, CCU, CSAV, LQIF and Invexans
Less than one year before his 70th birthday, the entrepreneur stated: “I believe that the time has come for me to step away from the day-to-day work, to open the way for other leaders, and allow the tremendous team of professionals that we have built over the years, to guide our companies into the future”. […]
DownloadQuiñenco’s results show signs of normalization after historic 2022 performance
For the first half of the year, the company reported earnings 70.7% lower than the same period of the previous year, although higher than pre-pandemic figures. This lower performance is mainly explained by the normalization of global supply chains and its impact on the results of CSAV’s main asset, the German shipping company Hapag-Lloyd. “After […]
DownloadQuiñenco’s Quarterly Results Reflect More Normalized Post-Pandemic Markets
Although the holding company reported a decrease in net income compared to the same period last year, it emphasized that the results are positive, with strong operational performance from its companies in a context of greater post-pandemic normalcy. Francisco Pérez Mackenna, Quiñenco’s CEO, highlighted the favorable moment the company is going through and was optimistic […]
DownloadFrancisco Pérez Mackenna at Annual General Meeting: “Exceptional results in 2022 call for temperance and responsibility”
Quiñenco’s CEO emphasized that the record results “reflect the good management and long-term strategy that we have followed in each of our companies, which were prepared to face contingencies in a context of particular conditions for developing their businesses.” “We are aware that some of those conditions are beginning to change and are unlikely to […]
DownloadFitch Ratings Upgrades Quiñenco’s Risk Rating to AA+
Fitch explained that the upgrade was due to “the more solid financial structure, with lower projected debt and proven liquidity” of the holding company’s investments, and its “vast experience” and “broadly diversified portfolio.” The new rating coincides with the rating previously assigned to Quiñenco by ICR Chile. April 18, 2023 – Fitch Ratings upgraded […]
DownloadInvexans Completes Sale of One Third of its Stake in Nexans
The company’s UK subsidiary, Invexans Limited, successfully completed the sale of 4.2 million shares of the French multinational Nexans, in a transaction valued at US$367 million. The proceeds will be used primarily for new strategic investments. After the sale, Quiñenco’s subsidiaries remain reference shareholders of Nexans with an 19.2% ownership and active representation on the […]
DownloadInvexans Announces Sale of One Third of its Shares in Nexans
The company’s UK subsidiary, Invexans Limited, announced today its intention to sell approximately 9.6% of Nexans’ share capital, equivalent to about one-third of its stake in the French multinational. The main objective of the sale is to adjust Invexans Limited’s position in Nexans, whose value has increased significantly in recent years, in order to diversify […]
DownloadQuiñenco’s International and Sector Diversification Boosted its Results in 2022
The holding’s 2022 earnings are mainly explained by record performance of CSAV, Banco de Chile, Nexans and Enex. Quiñenco CEO Francisco Pérez Mackenna highlighted that these results “are the product of the long-term strategy designed by the company and the flexibility we have achieved to navigate a challenging and complex global economic context.” He added […]
DownloadBanco Sudameris Partners with CCU and Enex in Paraguay
The institution acquired the shares belonging to the Cartes Group in Bebidas del Paraguay, Distribuidora del Paraguay and Enex Paraguay, and signed new shareholder agreements with both of the companies linked to Quiñenco. The transaction, which was carried out in accordance with the guidelines established by the US OFAC, ensures the operational continuity of companies […]
DownloadCCU and Enex inform agreements for the exit of the Cartes Group from their joint investments in Paraguay
Both companies and the Cartes Group signed irrevocable definitive agreements whereby, by March 27 at the latest, in accordance with the guidelines given by the United States OFAC, the companies linked to Horacio Cartes will completely terminate any relationship with Bebidas del Paraguay S.A., Distribuidora del Paraguay S.A. and Enex Paraguay S.A.E. March 1, […]
DownloadCCU and ENEX initiate processes to terminate their partnerships with Cartes Group in Paraguay
Santiago, January 26, 2023. Following today’s announcement by the Office of Foreign Assets Control (OFAC) of the U.S. Treasury Department to sanction the former president of Paraguay, Horacio Cartes, for his “involvement in rampant corruption that undermines democratic institutions” in said country, CCU and ENEX, affiliates of Quiñenco S.A., announced today that they have decided […]
DownloadQuiñenco places bonds on the local market for a total of UF 5.0 million
The single-series 28-year bond has a 25-year grace period. The placement was at an interest rate of 2.98% and achieved a total demand of 1.4 times the offer. Banchile Citi and Scotiabank, in charge of the placement, highlighted the market’s great interest and confidence in the Company. Santiago, January 18, 2023.- Today Quiñenco successfully […]
DownloadQuiñenco’s International and Sector Diversification Drives Earnings as of the Third Quarter of 2022
The increase in profits for the period ended September 2022 is mainly explained by the performance of the shipping sector, through CSAV and its main asset, the German shipping company Hapag-Lloyd; the financial sector, through Banco de Chile; and of the energy sector, through Enex. Quiñenco’s CEO, Francisco Pérez Mackenna, explained that “these results reflect […]
DownloadForeign investments drive Quiñenco’s results during the first half of the year
The holding’s profits through June 2022 were marked by the results reported by CSAV, whose main asset is the German shipping company Hapag-Lloyd, and by the French multinational Nexans. Likewise, the performance of Banco de Chile, Enex and SM SAAM during the same period was very relevant. Quiñenco’s CEO Francisco Pérez Mackenna assured that “these […]
DownloadPositive Performance of All Subsidiaries Drives Quiñenco’s Results for First Quarter 2022
The group’s earnings are based on strong results at all subsidiaries, especially CSAV, which enjoyed a considerable rise in earnings thanks to the performance of Hapag-Lloyd, the subsidiary’s main asset, during the first months of the year. Quiñenco CEO Francisco Pérez Mackenna highlighted the sound results, but warned that “global inflation and rising costs will […]
DownloadChairman and CEO of Quiñenco Highlight Company’s Successful International Expansion Process
Tras la junta anual con los accionistas de Quiñenco, el presidente del directorio, Andrónico Luksic Craig agradeció especialmente a los trabajadores de todas las empresas del holding por los resultados obtenidos en 2021 y destacó que más del 80% de las utilidades del período se explican por los resultados de la naviera alemana Hapag-Lloyd. Por […]
DownloadInternational Businesses Drive Quiñenco’s Results in 2021
The improved performance is explained primarily by the earnings of the German shipping company Hapag-Lloyd, the holding’s most global asset and the main business of Compañía Sud Americana de Vapores, along with strong results from Nexans, Banco de Chile, CCU, Enex and SM SAAM. Quiñenco’s CEO Francisco Pérez Mackenna thanked the teams from all group […]
DownloadLuis Fernando Antúnez to Step Down as CFO of Quiñenco after 26 Years of Successful Leadership
Santiago, December 3, 2021.- The Board of Directors of Quiñenco S.A., informed that Luis Fernando Antúnez Bories will be stepping down as the company’s Chief Financial Officer after 26 successful years in charge of administration, finance and human resources. He has been affiliated with the Luksic Group for 36 years, serving as CFO of CCU […]
DownloadPerformance of German Shipping Company Hapag-Lloyd Drives Quiñenco’s Results for Third Quarter 2021
Over 80% of net income for the period is explained by the results of that company, the holding’s most global subsidiary and the main asset of Compañía Sudamericana de Vapores, where Quiñenco first invested in 2011. The Chief Executive Officer of Quiñenco, Francisco Pérez Mackenna, especially recalled “what we went through 10 years ago, when […]
DownloadQuiñenco Announces Interim Dividend
The company informed the CMF that it will distribute the equivalent of Ch$171.26168 per share to its shareholders, based on its results to date, which were driven particularly by CSAV and its main asset, the German shipping liner Hapag-Lloyd. Santiago, October 7, 2021.- Quiñenco S.A. filed today material information with the Financial Market Commission, […]
DownloadGerman Shipping Line Hapag-Lloyd Drives Quiñenco’s Results for First Half of 2021
Around 80% of the holding’s net income for the period is explained by the results of that company, the main asset of Compañía Sudamericana de Vapores, where Quiñenco first invested in 2011. “This is the outcome of over a decade of hard work at CSAV, with excellent team management and immense resilience from its shareholders, […]
DownloadYoung Professionals Win Scholarship to Study at Prestigious French University
A lawyer from Antofagasta and a business professional from Santiago were accepted by the university Sciences Po, in Paris, and were awarded the Quiñenco Scholarship. One of many initiatives from the Luksic Scholars Foundation, the scholarship covers tuition and living costs for the duration of the students’ chosen academic programs. Santiago, August 18, 2021. The […]
DownloadIRSA announces success of tender offer and reaches a 65.87% stake in CCU
The joint venture equally owned between Quiñenco and Heineken, and CCU’s controlling shareholder, acquires 15,907,548 shares of CCU, equivalent to 4.31%, and reaches an ownership level similar to what it had until 2013. The total purchase price was Ch$108,171 million, or approximately US$150 million. The general manager of IRSA, Alessandro Bizzarri, said that “regardless of […]
DownloadQuiñenco CEO, Francisco Pérez Mackenna, on the Company’s results for 1Q21: “This is the product of more than 10 years of work and investments in CSAV to make it the successful international company it is today”
More than 75% of Quiñenco’s first quarter earnings are explained by the performance of its most global company, the German shipping line Hapag-Lloyd, the main asset of Compañía Sud Americana de Vapores (CSAV). Santiago, May 28, 2021. After reporting Quiñenco’s first quarter results, CEO Francisco Pérez Mackenna explained that the rise in net income […]
DownloadIRSA launches public tender offer to acquire 4.44% of CCU shares
After the transaction, the company jointly owned by Quiñenco and Heineken and the controlling shareholder of CCU, would once again reach 66% of the ownership of CCU. The total investment contemplated in this acquisition could reach $111,453 million pesos. IRSA’s CEO, Alessandro Bizzarri, explained that this offer is “further proof of the confidence of our […]
DownloadCEO Francisco Pérez Mackenna at Quiñenco’s Annual Shareholders’ Meeting: “Our diversification strategy enabled us to be resilient and flexible during a complex year”
“Our companies offer goods and services that are an essential part of life in the societies and economies where we operate,” commented the CEO, who underscored that protecting the health of people and keeping the supply chain running “are the greatest achievements of 2020.” Santiago, April 29, 2021.- Appreciation, resilience and flexibility. With those […]
DownloadQuiñenco’s International Businesses Boosted its Results in 2020
Against a global backdrop marked by the pandemic that affected most of the group’s companies, Quiñenco’s net income increased by 17.7% over 2019, mainly due to the performance of its most global stakes: the German shipping company Hapag-Lloyd, and the French multinational Nexans. Quiñenco’s CEO, Francisco Pérez Mackenna, commented that “beyond our results, we are […]
DownloadWith respect to the same period in 2019: Quiñenco’s Net Income Down 9.8% for 9M20
For the first nine months of 2020, Quiñenco reported net income of Ch$123,885 million, mainly reflecting the impact of the worldwide public health and economic crisis caused by COVID-19. Despite this difficult context, the company’s more global assets performed strongly, particularly Hapag-Lloyd. The CEO of Quiñenco, Francisco Pérez Mackenna, explained, “Although economies have been opening […]
DownloadYoung Graduate from Chile’s Instituto Nacional Begins Studies in France with the Quiñenco Scholarship
The scholarship, which is part of the program from the Luksic Scholars Foundation, covers full tuition and living costs during the five-year academic program. Santiago, September 23, 2020.- Andreas Guillén Meza, a 19-year-old Chilean man and 2019 graduate of Chile’s Instituto Nacional, is already in France to begin studying social sciences at the university […]
DownloadAt Extraordinary Meeting, Invexans’ Shareholders Approved Corporate Reorganization to Move Forward with Internationalization Plan
At the meeting, shareholders gave the go-ahead for the corporate reorganization to strengthen the global growth of the group’s investments. This decision was made following the merger of Quiñenco subsidiary Invexans with Inversiones Río Argenta, controller of Enex, in April. Santiago, September 16, 2020.- This morning Invexans S.A., a subsidiary of Quiñenco S.A., held […]
DownloadInternational Companies Drive Quiñenco’s Results to Levels Similar to First Half of 2019
The company reported net income of Ch$76,492 million, comparable to the same period last year, explained mainly by positive performances from Hapag-Lloyd, Nexans and SM SAAM’s towage business, offsetting weaker results from Chilean operations. Francisco Pérez Mackenna, CEO of Quiñenco, affirmed that while group companies “have not gone unscathed by the pandemic, the company’s international […]
DownloadInvexans Calls Extraordinary Shareholders’ Meeting to Move Forward with Internationalization Plan
The Quiñenco subsidiary, which merged in April of this year with Inversiones Río Argenta, controller of Enex, is driving a corporate reorganization process to strengthen the global growth of the group’s investments. This is an important step in its internationalization strategy, marked in recent years by milestones such as forming a subsidiary of Invexans in […]
DownloadQuiñenco to Subscribe 61.45% of CSAV Capital Increase
At an extraordinary meeting, the company’s Board agreed to make an investment of US$215 million, equivalent to its entire prorated share, in the capital increase being carried out by its subsidiary Compañía Sudamericana de Vapores, for which the preferential option period began today. Santiago, August 27, 2020.- At an extraordinary meeting held yesterday, Quiñenco’s […]
DownloadQuiñenco Placed a Total of 4 Million UF in Bonds on the Local Market
Two series were issued: UF 3 million with a 27-year term at a rate of 1.65% and UF 1 million with a 12-year term at a rate of 1.20%. The two banks managing the deal, Banchile Citi and Scotiabank, highlighted that they had not seen such interest from the market for similarly structured bonds since […]
DownloadQuiñenco’s Net Income for First Quarter 2020 lower than 1Q 2019
The Company reported net income of MCh$39,417, which reflects only the first few weeks of the COVID-19 crisis in Chile. This figure is 29.4% less than the same period in 2019, mainly explained by reduced results from Hapag-Lloyd and CCU, offset in part by strong performances from Banco de Chile and Enex as of March. […]
DownloadFrancisco Pérez Mackenna, CEO of Quiñenco: “Times are hard, but we are in a solid position”
At the Shareholders’ Meeting, Pérez Mackenna remarked that no company will be left untouched by the effects of the global crisis, but the holding’s consistent track record of value creation and diversification affords it more flexibility to adapt to the circumstances. Carolina García de la Huerta was newly elected to the Board of Directors of […]
DownloadQuiñenco to Hold Shareholders’ Meeting Online as a Precautionary Measure for COVID-19
The measure seeks to prevent possible spread of the disease and help combat the pandemic. Santiago, April 21, 2020. Quiñenco communicated that its Annual General Shareholders’ Meeting to be held next Thursday, April 30th at 10:00 a.m., will be held exclusively online, using technology that allows online participation and voting. The company’s decision is […]
DownloadLetter from Quiñenco President Andrónico Luksic Craig to shareholders
Dear Shareholders, As I present the 2019 Annual Report and Consolidated Financial Statements for Quiñenco S.A., a pandemic with uncertain consequences is impacting Chile and the world. We are facing a threat to life, human progress and the global economy, and overcoming it will require a great deal of unity, commitment and leadership. As historian […]
DownloadQuiñenco Reports Net Income of Ch$210,049 million for 2019
The results are explained, to a large extent, by a strong performance from the German shipping company Hapag-Lloyd, the favorable impact of SM Chile prepaying its subordinated debt and the sale of the holding’s insurance business. Net income was up 16% over the prior year. The CEO of Quiñenco, Francisco Pérez Mackenna, commented, “The strong […]
DownloadInvexans Merges with Río Argenta, Controller of Enex
Both companies are controlled by Quiñenco. The transaction is designed to move forward with the internationalization of the fuel and lubricant distributor Santiago, March 23, 2020.- At an extraordinary shareholders’ meeting of Invexans S.A., a subsidiary of Quiñenco that manages and prospects investments outside Chile, shareholders approved a merger with Inversiones Río Argenta S.A., which […]
DownloadQuiñenco and Affiliates Intensify Coronavirus Action Plan
In addition to encouraging telecommuting, suspending travel and reinforcing hygiene and other measures to protect employees at all companies, the group has also introduced customer-centric measures, such as Banco de Chile’s arrangement to postpone payments on mortgage and consumer loans and its special loan plan for SMEs. The CEO of Quiñenco, Francisco Pérez Mackenna, commented, […]
DownloadQuiñenco Finalizes Sale of Entire Insurance Business to Chubb
In full compliance with the conditions of the agreement announced in September, the company reported that its subsidiary, Inmobiliaria Norte Verde, finalized the sale of its 66.3% stake in Inversiones Vita, Banchile Seguros de Vida and Segchile Seguros Generales to the multinational Chubb, which also purchased the remaining 33.7% owned by unrelated third parties. […]
DownloadQuiñenco Creates Corporate Affairs and Social Management Department
The company accepted the resignation of Carolina García de la Huerta. After nearly six years as Corporate Affairs and Communications Officer, she is taking on new roles as an advisor to Quiñenco’s board and director of the Luksic Foundation. The company’s current Director of Public Affairs, Mauricio Lob, was appointed to lead the new Corporate […]
DownloadQuiñenco Launches Scholarship to Study at One of the Most Prestigious Universities in France
The new “Quiñenco Scholarship”, which is part of the Luksic Scholars initiatives, covers full tuition and living costs during three years of undergraduate studies and two years of graduate studies at Sciences Po. According to the QS 2019 ranking, Sciences Po ranks first in continental Europe and third in the world in political science and […]
DownloadQuiñenco Reports Net Income of Ch$137,317 million for 9M19
The Group’s performance is down 10.7% from the same period in 2018, mainly due to last year’s extraordinary gain from the early termination of CCU’s Budweiser license in Argentina. The German shipping line Hapag-Lloyd, the main asset of Compañía Sud Americana de Vapores (CSAV), performed particularly well during the period. Santiago, November 28, […]
DownloadQuiñenco Sells Entire Insurance Business to Chubb
The company reported that its subsidiary, Inmobiliaria Norte Verde, reached an agreement to sell its 66.3% stake in Inversiones Vita, Banchile Seguros de Vida and Segchile Seguros Generales to the multinational Chubb, which has already purchased the remaining 33.7% from unrelated companies. In all, Inmobiliaria Norte Verde will receive 1 million 335 thousand UF for […]
DownloadQuiñenco reported net income of Ch$76,791 million for first half of 2019
Performance is down 35% from the same period in 2018, mainly due to the effect of last year’s non-recurring gain from the early termination of CCU’s Budweiser license in Argentina, and weaker results from the French company Nexans. Amidst a complex international context, Hapag-Lloyd performed well, reversing its loss from the first half of […]
DownloadQuiñenco Appoints Pablo Granifo as Director to Replace Gonzalo Menéndez
The executive becomes a member of the Board of Directors after over 30 years in the Luksic Group’s financial sector. Currently, he is also the Chairman of Banco de Chile and Viña San Pedro Tarapacá, and sits on the boards of CCU and Enex. The Chairman of Quiñenco’s Board of Directors, Andrónico Luksic Craig, […]
DownloadQuiñenco Regrets the Passing of its Director Gonzalo Menéndez Duque
The Chairman of the Board of Directors, Andrónico Luksic Craig, expressed his “Deep regret for the passing of a man that devoted a great part of his life, all his talent and wisdom to build what is currently the Luksic Group, to create companies and to contribute to the country’s progress.” Quiñenco’s Chief Executive Officer, […]
DownloadQuiñenco’s Profits Up 52% During First Quarter of 2019
Net income amounted to Ch$55,814 million in March, mainly explained by strong performance from Hapag-Lloyd, the German shipping company that is the main asset of Compañía Sudamericana de Vapores. Quiñenco’s Chief Executive Officer, Francisco Pérez Mackenna, particularly highlighted the international expansion goals achieved during the last few months, including CCU’s inauguration of a new plant […]
Download“We advanced in terms of results and in our internationalization and diversification strategy”
The Chief Executive Officer of the Company stated that this year’s results, 66% higher than the previous year, “are proof of the continuous progress in the Company’s growth and expansion strategy, firmly anchored in the search for sustainable development as a core part of our business model”. In addition, he particularly highlighted the […]
DownloadQuiñenco’s profits increased by 66% in 2018
Net income amounted to Ch$180,430 million, mainly due to the recovery of CSAV, which reverted the impact of its dilution in Hapag-Lloyd in 2017, and to the gain generated at CCU due to the early termination of the Budweiser license in Argentina. Other highlights of the year were Enex’s entry to the United States market […]
DownloadQuiñenco’s Profits increased by 135% as of September 2018
This increase is explained by CSAV’s recovery, which reverted the impact of its dilution in Hapag-Lloyd after the merger with UASC, and by the gain obtained by CCU for the early termination of its Budweiser license in Argentina. Quiñenco’s Chief Executive Officer, Francisco Pérez Mackenna, acknowledged the value of these results and especially highlighted […]
DownloadQuiñenco’s profits increase 256% during the first semester of 2018
This variation is mainly explained by the non-recurring gain recorded by CCU arising from the transaction related to the early termination of the Budweiser license in Argentina, and also to improved results at CSAV. The Chief Executive Officer, Francisco Pérez Mackenna, highlighted the recent announcement of ENEX’s entrance to the United States market, “a […]
DownloadEnex agrees to acquire a network of travel centers on US highways for US$ 289 million
The network is Road Ranger, with 38 travel centers along the main highways in the Midwest of the country, with presence in Texas, Illinois, Iowa, Indiana, Missouri and Wisconsin. Entry to the USA marks the beginning of Enex’s internationalization, after its consolidation in Chile as a relevant actor in the domestic market of fuel […]
DownloadQuiñenco issues bonds in the Local Market for a total of UF 7 million
The issue included two series: one for UF 2 million, structured with a seven-year term and a demand that reached 2.9 times the offer, at a rate of 1.70%; and another for UF 5 million, with a 29-year term and a total demand of 1.7 times the offer, at a rate of 3.03%. Banchile […]
DownloadQuiñenco reported net income of Ch$36,636 million in the first quarter of 2018
This figure is 17% lower than that of the same period in the previous year, mainly due to lower results at Quiñenco’s corporate level, and decreased earnings at Enex. As of March this year, the highlights were the 21.8% growth of CCU’s profits and the positive trends of Banco de Chile, SM SAAM and […]
Download“We intend that our diversification and international expansion will allow us to achieve a 50% presence abroad in the long run”
At the Shareholders’ Meeting Pérez Mackenna highlighted the results of Quiñenco and its subsidiaries in 2017, and stated that the purpose of internationalizing and diversifying investments is a “fundamental pillar of our development strategy”. Santiago, April 27, 2018. Francisco Pérez Mackenna, the Company’s Chief Executive Officer, reviewed the main milestones of Quiñenco and its […]
DownloadQuiñenco’s Profit amounted to Ch$108,740 million in 2017, a year characterized by growth in international business
Significant progress in the investment in Hapag-Lloyd was achieved during this period, with the company showing positive results, while the French company Nexans doubled its profits. CCU and SM SAAM’s international businesses were also noteworthy and, at a local level, Banco de Chile’s performance. Although the profits in this period show a 39% decrease as […]
DownloadQuiñenco Subsidiary will establish an Office in London for the development of International Businesses
As material information, Invexans announced the incorporation of a new company in the British capital, particularly devoted to the analysis, performance and follow-up of international investments. Invexans also announced its financial statements as of December 31, 2017, with a net profit of US$36 million, significantly exceeding the figure of the previous year. Santiago, […]
DownloadQuiñenco reports results as of September 2017
QUIÑENCO’S NET INCOME AMOUNTS TO Ch$65,456 MILLION AS OF SEPTEMBER 2017 During the first nine months of the year, the growth in results of the operating companies Nexans, Banco de Chile, CCU and SM SAAM was particularly noteworthy. The negative accounting impact on CSAV of its dilution in Hapag-Lloyd after the merger with UASC was reflected […]
DownloadQuiñenco’s net income amounts to Ch$ 33,370 million during the first semester 2017
Growth in the results of the operating companies Banco de Chile, Nexans, CCU and SM SAAM stands out during the period. Quiñenco’s profits decreased 51% as compared to the same period of the previous year, explained by the accounting impact on CSAV of its dilution in Hapag-Lloyd after the merger with UASC. Santiago, September […]
DownloadQuiñenco’s Net income increased 39.7% during the first quarter of 2017
Most of the Group’s companies reported positive results during the period, particularly Enex, Banco de Chile, CCU and CSAV. Santiago, May 29, 2017. Quiñenco recorded net income of Ch$44,240 million for the first quarter 2017, representing a 39.7% increase as compared to the previous year. This growth is mainly explained by the positive results […]
Download“We must have closer contact with people”
Andrónico Luksic Craig: At the Shareholders’ Meeting, Quiñenco’s Chairman of the Board of Directors explained that the good results achieved in 2016 resulted from “growth in our profits thanks to our diversification worldwide, mainly Nexans’ contribution, after almost five years without receiving dividends from this investment”. Andrónico Luksic also reflected on the climate of distrust […]
DownloadQuiñenco’s income increased 83% in 2016 driven by the recovery of multinational Nexans
Net income reached Ch$176,902 million. Santiago, March 30, 2017. Quiñenco reported net income of Ch$176,902 million in 2016, representing an 83% increase as compared to the previous year. This growth is mainly explained by the positive result of the French multinational, Nexans, of which Quiñenco is a reference shareholder, with a 29.05% indirect ownership. The new […]
DownloadQUIÑENCO COLOCA BONOS EN EL MERCADO LOCAL POR UN TOTAL DE UF 5 MILLONES
La operación tuvo una demanda de 2,1 veces la oferta. Destacó principalmente el interés de inversionistas institucionales. La serie se colocó a una tasa de 3,14% con vencimiento a 28 años y un spread de 120 puntos. Santiago, 14 de diciembre de 2016. Con gran éxito concretó Quiñenco este miércoles la colocación de bonos en […]
DownloadQUIÑENCO OBTUVO UNA GANANCIA NETA DE $103.300 MILLONES EN LOS PRIMEROS NUEVE MESES DE 2016
Resultado representa una disminución de 14%, que se explica fundamentalmente por las adversas condiciones de la industria naviera, que repercutieron en Hapag-Lloyd y CSAV. Destacaron los desempeños de Nexans, Techpack, Banco de Chile, SM SAAM y Enex. Santiago, 28 de noviembre de 2016. Quiñenco registró una ganancia neta de $103.300 millones en los primeros nueve […]
DownloadQUIÑENCO DECLARA EXITOSA OPA POR TECHPACK
Tras el cierre de la OPA anunciada el 27 de septiembre, la matriz industrial del Grupo Luksic adquirió un 33,06%, con lo cual pasó a controlar directa e indirectamente el 98,98% de la propiedad de la compañía. El gerente general de la compañía, Francisco Pérez Mackenna, expresó que el buen resultado de la OPA refleja […]
DownloadGerente General de Quiñenco: “La OPA por Tech Pack pretende ofrecer alternativas a los accionistas minoritarios”
Francisco Pérez Mackenna explicó que con la Oferta Pública de Adquisición de Acciones “los accionistas minoritarios de Tech Pack pueden ahora hacer efectiva la rentabilidad obtenida tras la venta de Alusa en abril pasado, o bien seguir acompañándonos en las inversiones que hagamos en el futuro”. Respecto del precio por acción, agregó que se trata […]
DownloadQUIÑENCO OBTUVO UNA GANANCIA NETA DE $68.514 MILLONES EN PRIMER SEMESTRE DE 2016
Resultado representa una disminución de 23,4%, que se explica fundamentalmente por las adversas condiciones de la industria naviera, que repercutieron en Hapag-Lloyd y CSAV. En un complejo escenario económico nacional y mundial, destacaron los desempeños de Nexans y Techpack en el semestre, en tanto que Banco de Chile y Enex mantuvieron una sólida posición. Santiago, […]
DownloadQUIÑENCO REALIZA EXITOSA COLOCACIÓN DE BONOS POR UF 5.000.000
La operación obtuvo una demanda de 1,7 veces el total de la colocación y una tasa de 3,19%, la mejor lograda por un bono corporativo de este monto desde 2010. El gerente de Administración y Finanzas de la compañía, Luis Fernando Antúnez, aseguró que el resultado “refleja una vez más la confianza que el mercado […]
DownloadQUIÑENCO OBTUVO UNA GANANCIA NETA DE $31.661 MILLONES EN EL PRIMER TRIMESTRE DE 2016
Resultado es inferior al reportado a marzo del 2015, por las condiciones adversas de la industria naviera. Mientras, en el período destacan el desempeño de los sectores bancario, cervezas y bebidas, manufacturero y de servicios portuarios. Santiago, 27 de mayo de 2016. Quiñenco registró una ganancia neta de $31.661 millones en el primer trimestre de […]
DownloadPRESIDENTE DE QUIÑENCO HACE UN LLAMADO A MEJORAR LA CONVIVENCIA Y “DEJAR DE LADO LAS INJURIAS Y LAS DESCALIFICACIONES”
En el marco de la Junta de Accionistas de la compañía, Andrónico Luksic, aseguró que “todos los chilenos debemos y merecemos respeto”, dijo que los insultos sólo provocan destrucción y se alejan del espíritu constructivo que requiere hoy el país. El gerente general de Quiñenco, Francisco Pérez Mackenna, destacó que los positivos resultados alcanzados […]
DownloadEn 2015: QUIÑENCO OBTUVO UNA GANANCIA NETA DE $96.620 MILLONES
El resultado es similar al del año anterior si se descuenta el efecto no recurrente obtenido en 2014, tras la fusión del negocio de portacontenedores de Compañía Sudamericana de Vapores con Hapag-Lloyd. El gerente general de Quiñenco, Francisco Pérez Mackenna, dijo que el desempeño de la empresa muestra que se “ha seguido fiel a […]
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