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orbia Orbia Announces Second Quarter 2021 Financial Results Mexico City , July 28 , 2021 Orbia Advance Corporation , S.A.B. de C.V. ( BMV : ORBIA * ) ( " the Company " or " Orbia " ) today released unaudited results for the second quarter of 2021 . Q2 2021 Financial Highlights ( All metrics are compared to Q2 2020 unless otherwise noted ) Strong quarterly results driven by continued momentum in Polymer Solutions and Wavin , with solid top - line performance from Koura , Netafim and Dura - Line . Sequential growth in revenue and profitability driven by continued recovery in key markets , disciplined expense control and opportunities from achieving synergies across Orbia's businesses . ● ● Stock Information Mexican Stock Exchange Ticker : Orbia * ● ● Net revenues of $ 2.2 billion increased 59 % , mainly driven by Polymer Solutions and Wavin ; sequentially , net revenues increased 17 % ; EBITDA of $ 560 million increased 113 % and sequentially 24 % with an EBITDA margin of 25.0 % , an increase of 629 basis points , sequentially improved 140 basis points ; Net majority income of $ 193 million ; Free cash flow of $ 264 million , representing 47.3 % of EBITDA ; Leverage ratio ( Net Debt to EBITDA ) decreased to 1.56x , supported by $ 137 million net debt reduction and sustained EBITDA growth ; 2021 EBITDA growth guidance raised to 32 -35 % above prior year . " I would like to thank our team for staying laser - focused on delivering value for our shareholders and customers around the world . The result is another strong quarter and promising momentum , ” said Sameer Bharadwaj , CEO of Orbia . " We continued leveraging the resilience of our business groups and synergies between them to drive revenue and EBITDA expansion , as we transform basic and advanced materials into essential compounds , building and infrastructure products , modern irrigation systems and connection technologies . Our respective business groups ' performance combined with further developing areas of integration are opening up a future of organic growth opportunities which will be enhanced with selective acquisitions . " Added Bharadwaj , " This quarter , we executed on our strategy , approved investments to increase capacity in Netafim and Dura - Line to meet growing demand and completed the acquisition of a majority ownership in Shakun Polymers Private Limited to expand Polymer Solutions ' presence in Asia . As always , sustainability remains at the top of our agenda -- we are investing in processes , solutions and services that reduce our carbon footprint , water usage and waste - to - landfill to advance life around a cleaner , greener world . " 1