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orbia Orbia Announces Third Quarter 2021 Financial Results Mexico City , October 27 , 2021 - Orbia Advance Corporation , S.A.B. de C.V. ( BMV : ORBIA * ) ( " the Company " or " Orbia " ) today released unaudited results for the third quarter of 2021 . Q3 2021 Financial Highlights ( All metrics are compared to Q3 2020 unless otherwise noted ) Orbia delivered outstanding results for the third quarter . Polymer Solutions in particular benefited from robust demand and limited global supply of PVC . Wavin , Dura - Line and Netafim also contributed strong top - line performance , although EBITDA for Dura - Line and Netafim was impacted by continued increases in raw materials and logistics costs . ● ● Stock Information Mexican Stock Exchange Ticker : Orbia * ● ● Net revenues of $ 2.3 billion increased 40 % , with higher sales across all five business groups EBITDA of $ 532 million increased 47 % and EBITDA margin expanded 118 basis points to 23.3 % , driven by enhanced profitability in Polymer Solutions Net majority income of $ 197 million increased 167 % Free cash flow was $ 90 million Leverage ratio ( Net Debt to EBITDA ) decreased to 1.48x 2021 EBITDA growth guidance raised to 44 % to 48 % above prior year " First , I would like to thank our team for their incredible dedication to delivering value for our customers and shareholders around the world , " said Sameer Bharadwaj , CEO of Orbia . " As we keep up our momentum and begin returning to sites and offices when deemed safe , we are positioned to benefit from investments in additional capacity , our ongoing focus on operational excellence and synergies across our businesses . Executing our strategy will drive long - term revenue and EBITDA expansion in a recovering global market . " Bharadwaj continued , " This quarter , we continued to experience strong demand across our five business groups . Our operational efficiency and relentless focus on execution resulted in revenue growth and margin expansion of over 100 basis points . We were able to reduce our net debt and return cash to shareholders through dividends and share repurchases . Given strong fundamentals across our businesses , we were able to continue to invest in growth initiatives . We continue to prioritize investments in geographic expansion , selective bolt - on acquisitions and moves into new products , services and solutions connected to our core businesses . We did this while maintaining our commitment to sustainability by continuing to reduce our carbon footprint , use water more efficiently and reduce waste to landfill on our journey to advance life around the world . " 1