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Rotoplas | First Quarter 2021 Results Rotoplas más y mejor agua ( AGUA * ) Listen to Rotoplas Info - Splash ( 5min ) Mexico City , April 21 , 2021. Grupo Rotoplas S.A.B. de C.V. ( BMV : AGUA * ) ( “ Rotoplas " or " the Company " ) , America's leading company in water solutions , reports its unaudited first quarter results ending March 2021. The information has been prepared under the International Financial Reporting Standards ( IFRS ) . ( 0 Figures expressed in millions of Mexican pesos . 1Q21 vs 1Q20 | HIGHLIGHTS Rotoplas reported record net sales and EBITDA for a first quarter . Net sales grew 26.4 % driven by water stress and droughts in some countries , as well as by an increase in water consumption due to the pandemic and changing consumer habits . All countries reported double - digit growth , except Mexico , which increased 8.4 % due to a slowdown in the growth rate in the services segment . Product sales increased 30.0 % , driven by Flow initiatives such as the launch of new solutions , the opening of new sales channels and the increased effectiveness of the sales force . Services sales contracted 19.7 % , mainly due to the absence of drinking fountain revenues due to school closures and , to a lesser extent , the delay of new water treatment plant contracts due to the uncertainty of the pandemic . If the impact on sales and EBITDA due to the pandemic in March 2020 is excluded , it is estimated that sales would have increased 20.2 % and EBITDA 24.3 % . Gross profit amounted to Ps . 1,006 million and grew 19.3 % to reach a margin of 41.3 % . Operating income increased 9.8 % to Ps . 305 million , with an operating margin of 12.5 % . Adjusted EBITDA ' increased 31.4 % , outpacing sales growth , despite higher raw material prices and as a result of operating discipline and expense control . The margin expanded 70 bps to 19.4 % . Net income was Ps . 134 million , 66.2 % higher than 1Q20 excluding the non - recurring financial gain from the closing of FX hedges in March 2020 . ROIC closed at 14.8 % , an improvement of 540 bps vs. the same quarter of the previous year . 1 Adjusted EBITDA considers : operating income + depreciation and amortization + non - recurring expenses ( donations and Flow implementation expenses ) . In 1921 it takes into account Ps . 75 million of Flow expenses and Ps . 2 million of donations ..