---
title: America Movil sees Q1 loss after peso plummets - Developing Telecoms
description: America Movil registered a loss of MXN29.4 billion ($1.2 billion) in the first quarter after the Mexican peso fell 25% against the US dollar.
canonical_url: https://developingtelecoms.com/telecom-business/operator-news/9489-america-movil-sees-q1-loss-after-peso-plummets.html
language: en-GB
date: 2020-04-30T14:00:55Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/operator-news/9489-america-movil-sees-q1-loss-after-peso-plummets.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 1247
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/operator-news/9489-america-movil-sees-q1-loss-after-peso-plummets.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


 [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)## America Movil sees Q1 loss after peso plummets

 

 

   Details    James Barton    Category: [Operators](https://developingtelecoms.com/telecom-business/operator-news.html)     30 April 2020     7598 views   

 

  ![America Movil sees Q1 loss after peso plummets](https://developingtelecoms.com/images/stories/Company_Logos/800x600/america-movil-600.jpg)  

 

America Movil registered a loss of MXN29.4 billion ($1.2 billion) in the first quarter after the Mexican peso fell 25% against the US dollar.

The Mexican market leader saw a profit of MXN19.6 billion over the same period in 2019, although it noted that the devaluation was the main factor behind the loss as overall trends in its business were good, with a year-on-year revenue increase of 1.8% to MXN250.1 billion. In particular, the company noted that it stood ready to tackle the Covid-19 (coronavirus) pandemic.

The operator registers its income in Mexican pesos, but generates a lot of its international debt in US dollars and Euros. Given that the peso has slumped since the start of the year – and that attempts to contain the outbreak of Covid-19 have escalated – America Movil’s financing expenses in Q1 were inflated, significantly impacting its bottom line.

The Mexican peso’s 25% slump was not the only devaluation of a regional currency that has affected America Movil, with the Brazilian real falling 29% and the Colombian peso 24% since the start of 2020. However, the group noted that its main operations were all faring well and it had a secure balance sheet.

In a statement on the pandemic’s projected impact on its operations, America Movil said: “There is no clarity as to its duration and magnitude overall or its impact in the countries where we operate. The financial resilience of our company and its vast and critical infrastructure after a long period of large investment are important assets in these times.”

The operator added that it in the face of the pandemic, it would adjust its “processes and commercial plans” in terms of its expenditure by prioritising cash flow and profitability.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/essential-reading.com\/#james_barton_4d6427c012"
            },
            "dateModified": "2020-04-30T14:00:55Z",
            "datePublished": "2020-04-30T14:00:55Z",
            "description": "America Movil registered a loss of MXN29.4 billion ($1.2 billion) in the first quarter after the Mexican peso fell 25% against the US dollar.",
            "headline": "America Movil sees Q1 loss after peso plummets",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/Company_Logos\/america-movil-600.jpg",
                    "caption": "",
                    "description": "America Movil sees Q1 loss after peso plummets",
                    "width": 600,
                    "height": 450
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/essential-reading.com\/telecom-business\/operator-news\/9489-america-movil-sees-q1-loss-after-peso-plummets.html"
            },
            "publisher": {
                "@id": "https:\/\/essential-reading.com\/#defaultPublisher"
            },
            "url": "https:\/\/essential-reading.com\/telecom-business\/operator-news\/9489-america-movil-sees-q1-loss-after-peso-plummets.html"
        },
        {
            "@type": "Person",
            "name": "James Barton",
            "@id": "https:\/\/essential-reading.com\/#james_barton_4d6427c012"
        },
        {
            "@id": "https:\/\/essential-reading.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/essential-reading.com\/",
            "logo": {
                "@id": "https:\/\/essential-reading.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/essential-reading.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->