In Q3 2020 El Palacio de Hierro Group's sales reached 6,887mn pesos, which represented a drop of 12.3% compared to the same quarter of 2019. Profit before financial expenses, taxes, depreciation and amortization (Ebitda or Uafida) shows a decrease compared to same quarter of 2019 of 88.2% and represents 1.9% of sales. El Palacio de Hierro Group and its subsidiaries operate mainly in the department store business in the metropolitan area of Mexico City, Puebla, Guadalajara, Monterrey, Villahermosa, Querétaro and Veracruz.