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Rotoplas más y mejor agua Rotoplas | Third Quarter 2021 Results ( AGUA * ) Mexico City , October 20 , 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 third quarter results from July to September . The information has been prepared in accordance with the International Financial Reporting Standards ( IFRS ) . Figures are expressed in millions of Mexican pesos . O 3Q21 vs 3Q20 | HIGHLIGHTS Rotoplas once again reported record quarterly net sales , which were up 21.4 % , driven by greater market share , the launch and adoption of new solutions , and an increase in prices . The price increases occurred after the Company decided to absorb higher raw material costs and maintain competitive prices to strengthen its brand positioning during the first half of the year . Product sales increased by 24.2 % , with double - digit growth in the three categories : storage , water flow , and improvement . Likewise , Mexico , the United States , and Argentina all reported double - digit growth . - Service sales represented 4.4 % of revenue and contracted by 18.4 % due to the lack of revenue in the drinking fountain business as a result of pandemic related school closures . Excluding that business line , services would have grown by 4.1 % . Gross margin decreased 660 bps to 34.9 % , impacted by the sustained higher - than- expected increase in logistics and raw material costs in all regions . Adjusted EBITDA ' reached Ps . 364 million with a 12.7 % margin , 610 bps lower than 3Q20 . Increases in raw material costs remained above the estimated level and were not sufficiently offset by price increases , representing an estimated impact of Ps . 210 million to EBITDA . Net income for the period was Ps . 20 million compared to Ps . 38 million in 3Q20 , due to a lower operating income . ROIC closed at 15.7 % , an improvement of 590 bps vs the same quarter of the previous year and 400 bps above the cost of capital . In July , GBM released the " Deep Dive AGUA " report with an updated target price of $ 47.0 and ranked AGUA as market outperformer . 1Adjusted EBITDA considers : operating income + depreciation and amortization + non - recurring expenses ( donations and Flow implementation expenses ) . In 3Q21 it considers Ps . 75 million of Flow expense and Ps . 1 million donations and in 3Q20 Ps . 75 million of Flow expenses and Ps . 4 million donations .