Mission Statement, Vision, & Core Values (2024) of América Móvil, S.A.B. de C.V. (AMOV)

An Overview of América Móvil, S.A.B. de C.V. (AMOV)

General Summary of América Móvil, S.A.B. de C.V.

América Móvil, founded in 2000, operates as a telecommunications powerhouse in Latin America and beyond. The company was established by Carlos Sim, leveraging existing telecom infrastructure and expanding its reach across multiple countries. Today, it is one of the largest wireless communications service providers globally, with operations in 18 countries across America and a presence in over 40 countries through subsidiaries and affiliates.

The company offers a diverse range of products and services, including:

• Mobile voice and data services
• Fixed-line voice services
• Broadband and internet services
• Television services
• Enterprise solutions

As of 2024, América Móvil reported sales of approximately $56 billion, driven by its extensive customer base and robust service offerings. The company serves over 280 million subscribers, maintaining a strong market position in both mobile and fixed-line segments.

Company's Financial Performance in the Latest Financial Reports

In the latest financial reporting period for Q2 2024, América Móvil achieved remarkable financial results, including:

• Record-breaking revenue of $14 billion for the quarter, reflecting a year-over-year growth of 8%.
• Net income reaching $2.5 billion, an increase of 12% compared to the previous year.
• EBITDA margin of 38%, indicating strong operational efficiency.

The main product sales driving these results included an impressive 10% growth in mobile data services, a sector that has seen substantial demand due to increasing smartphone penetration and data consumption in Latin America. Fixed-line services also experienced a growth rate of 5%, bolstered by enhanced broadband offerings.

The following table summarizes the financial performance metrics for América Móvil:

Introduction to Company as a Leader in the Industry

América Móvil stands out as a leading company in the telecommunications industry, renowned for its innovative solutions and extensive network coverage. With a robust infrastructure supporting both wireless and fixed-line services, the company has established itself as a key player in emerging markets while competing effectively against global giants.

In addition to its substantial market share, América Móvil has made significant investments in technology, including 5G deployment, enhancing customer experience and expanding service offerings. The company's commitment to sustainability and corporate social responsibility further strengthens its market position.

To understand why América Móvil continues to be successful in a constantly evolving telecom environment, explore the details below regarding its strategic initiatives and market adaptations.

Mission Statement of América Móvil, S.A.B. de C.V. (AMOV)

Mission Statement Overview

The mission statement of América Móvil, S.A.B. de C.V. (AMOV) serves as a guiding framework for the company’s strategic objectives and long-term vision. It emphasizes the commitment to providing innovative telecommunications services across Latin America and other regions. The mission statement captures the essence of the company’s dedication to customer satisfaction, technological advancement, and market leadership.

Core Component 1: Customer Focus

One of the primary components of AMOV’s mission statement is its strong focus on customers. The company aims to deliver exceptional value by understanding and anticipating the needs of its diverse customer base.

For instance, in 2023, América Móvil reported a customer base of over 290 million mobile subscribers, reflecting a significant increase in user engagement and satisfaction. The company invests approximately $2 billion annually in infrastructure and service enhancements to ensure high-quality customer experiences.

Core Component 2: Innovation

Innovation is a cornerstone of América Móvil's mission, driving the company to continuously develop cutting-edge technologies and services. This commitment is evident in its substantial investment in research and development, which was approximately $1.5 billion in 2022.

AMOV has introduced several innovative products such as 5G services and IoT solutions, which contributed to a revenue increase of 8.2% year-over-year in its technology segment. The expansion into next-generation telecommunications is a testament to their commitment to staying ahead in a competitive industry.

Core Component 3: Market Leadership

América Móvil strives to maintain its position as a market leader in the telecommunications sector. The company ranks among the top telecom providers in Latin America, with a market share of approximately 21% across the region.

In terms of financial performance, América Móvil reported a total revenue of $50 billion in 2022, marking a 5% growth compared to the previous year. The ongoing expansion into new markets and services is aligned with their mission to strengthen their competitive position.

Vision Statement of América Móvil, S.A.B. de C.V. (AMOV)

Vision Statement Overview

The vision statement of América Móvil, S.A.B. de C.V. (AMOV) articulates its aspiration to be the leading telecommunications company in Latin America, providing innovative and accessible communication services.

Innovation and Technology Leadership

América Móvil aims to be at the forefront of technological advancements. For instance, in 2023, the company allocated approximately $7 billion for capital expenditures, focusing heavily on upgrading its infrastructure to support 5G technologies. The penetration rate of 5G services in their operational areas reached 20% by the end of 2023.

Customer-Centric Approach

The company emphasizes a strong customer-centric strategy. As of 2023, América Móvil reported a customer satisfaction score of 85%, which reflects its commitment to enhancing customer service through digital solutions. The number of active subscribers reached 300 million across its networks in 2023.

Sustainability and Corporate Responsibility

América Móvil is dedicated to sustainable practices, with a target to reduce greenhouse gas emissions by 30% by 2025. In 2023, the company reported a reduction of 15% compared to 2021 levels. Investment in renewable energy sources accounted for $1 billion in 2023.

Global Expansion

In pursuit of its vision, América Móvil strives for geographic expansion beyond Latin America. In 2023, it entered three new markets in the Caribbean, increasing its market footprint to 17 countries. International revenue growth was reported at 12% in 2023, indicating successful global outreach.

Core Values of América Móvil, S.A.B. de C.V. (AMOV)

Integrity

Integrity is a fundamental core value at América Móvil, S.A.B. de C.V. (AMOV). It emphasizes the importance of ethical conduct in every aspect of business operations. The company is committed to maintaining transparency and accountability, ensuring trust among stakeholders.

In 2022, América Móvil reported a compliance program that included over 2,000 training sessions, encompassing ethics and compliance for its employees across 17 countries. The company also implemented a whistleblower system that received approximately 120 reports regarding ethical breaches, resulting in corrective actions in 20 instances.

Customer Centricity

Customer centricity highlights the commitment to prioritizing customer needs and enhancing user experience. América Móvil actively seeks feedback and utilizes it to adapt its offerings.

In 2023, América Móvil launched a customer engagement program that led to a 15% increase in customer satisfaction ratings, with over 85% of customers reporting improved experiences. Additionally, the company invested $1.5 billion in network enhancements to improve service quality across Latin America.

Innovation

Innovation is crucial for América Móvil's growth and competitiveness in the telecommunications market. The company fosters a culture that encourages creativity and the adoption of new technologies.

In 2024, América Móvil allocated $1.2 billion towards research and development of emerging technologies such as 5G and IoT. This investment resulted in the launch of 5G services in 50 urban areas across 10 countries, contributing to a 30% increase in market share in those regions.

Social Responsibility

Social responsibility underscores América Móvil's commitment to contributing positively to the communities in which it operates. The company supports various initiatives aimed at social improvement and environmental sustainability.

In 2023, América Móvil invested $200 million in social programs, including educational initiatives that benefited over 1 million students in underserved areas. Additionally, the company achieved a reduction of 10% in carbon emissions through renewable energy initiatives, aligning with its commitment to sustainability.

Collaboration

Collaboration reflects the value placed on teamwork and partnerships, both internally among employees and externally with other organizations.

In 2023, América Móvil formed strategic alliances with 15 tech startups, fostering innovation and enhancing service offerings. Internally, the company implemented a cross-departmental collaboration platform that increased project efficiency by 25%.